QS Investors LLC trimmed its stake in Columbia Property Trust Inc (NYSE:CXP) by 80.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,322 shares of the real estate investment trust’s stock after selling 38,243 shares during the quarter. QS Investors LLC’s holdings in Columbia Property Trust were worth $214,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of CXP. Cbre Clarion Securities LLC bought a new stake in Columbia Property Trust in the fourth quarter valued at $90,575,000. Mesirow Financial Investment Management Equity Management lifted its stake in Columbia Property Trust by 636.2% in the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 920,238 shares of the real estate investment trust’s stock valued at $21,118,000 after buying an additional 795,238 shares during the last quarter. Jennison Associates LLC bought a new stake in Columbia Property Trust in the fourth quarter valued at $16,864,000. Bank of New York Mellon Corp lifted its stake in Columbia Property Trust by 18.3% in the third quarter. Bank of New York Mellon Corp now owns 4,110,187 shares of the real estate investment trust’s stock valued at $89,479,000 after buying an additional 634,874 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Columbia Property Trust in the fourth quarter valued at $13,785,000. Institutional investors own 70.27% of the company’s stock.
Shares of Columbia Property Trust Inc (NYSE:CXP) opened at $19.61 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. Columbia Property Trust Inc has a 1 year low of $19.58 and a 1 year high of $23.31. The company has a market cap of $2,351.20, a PE ratio of 17.20 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.08%. The ex-dividend date was Wednesday, February 28th. Columbia Property Trust’s dividend payout ratio (DPR) is presently 55.17%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Columbia Property Trust from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday. BMO Capital Markets restated a “buy” rating and set a $25.00 price objective on shares of Columbia Property Trust in a research note on Tuesday, January 9th. SunTrust Banks set a $22.00 price objective on shares of Columbia Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $22.00 price objective on shares of Columbia Property Trust in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.43.
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.
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