Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Columbia Property Trust, Inc. (NYSE:CXP) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,652 shares of the real estate investment trust’s stock after selling 7,223 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Columbia Property Trust were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Columbia Property Trust by 0.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,839 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 51 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Columbia Property Trust by 1.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,200 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 200 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Columbia Property Trust by 1.7% during the 2nd quarter. Aperio Group LLC now owns 14,666 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 245 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Columbia Property Trust by 2.2% during the 2nd quarter. Sigma Planning Corp now owns 13,180 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 281 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in Columbia Property Trust by 3.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 9,311 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 296 shares during the last quarter. Institutional investors and hedge funds own 67.39% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, November 22nd. JMP Securities upgraded shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Columbia Property Trust has a consensus rating of “Buy” and an average price target of $24.43.

Shares of Columbia Property Trust, Inc. (CXP) opened at $22.04 on Friday. Columbia Property Trust, Inc. has a fifty-two week low of $20.37 and a fifty-two week high of $23.48. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,635.68, a PE ratio of 18.49 and a beta of 1.17.

Columbia Property Trust (NYSE:CXP) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.26. Columbia Property Trust had a net margin of 63.37% and a return on equity of 8.10%. The firm had revenue of $60.36 million for the quarter, compared to the consensus estimate of $75.43 million. During the same period in the previous year, the firm posted $0.37 EPS. research analysts anticipate that Columbia Property Trust, Inc. will post 1.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.63%. Columbia Property Trust’s dividend payout ratio (DPR) is presently 47.62%.

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About Columbia Property Trust

Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company’s primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets.

Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

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