Columbia Property Trust (CXP) Short Interest Update

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Columbia Property Trust (NYSE:CXP) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,165,142 shares, an increase of 39.2% from the March 29th total of 837,046 shares. Based on an average daily trading volume, of 441,541 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.0% of the company’s stock are sold short.

Separately, Zacks Investment Research raised Columbia Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th.

Several large investors have recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in shares of Columbia Property Trust by 14.9% during the first quarter. Sound Income Strategies LLC now owns 6,202 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 802 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Columbia Property Trust by 5.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,700 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 900 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Columbia Property Trust by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 51,382 shares of the real estate investment trust’s stock worth $993,000 after buying an additional 954 shares in the last quarter. LPL Financial LLC grew its holdings in Columbia Property Trust by 0.8% in the 4th quarter. LPL Financial LLC now owns 120,949 shares of the real estate investment trust’s stock worth $2,340,000 after buying an additional 976 shares in the last quarter. Finally, Eii Capital Management Inc. grew its holdings in Columbia Property Trust by 7.6% in the 4th quarter. Eii Capital Management Inc. now owns 14,525 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 1,021 shares in the last quarter. 74.65% of the stock is owned by institutional investors.

Shares of NYSE:CXP traded down $0.11 during trading on Friday, hitting $22.15. 316,002 shares of the company traded hands, compared to its average volume of 620,751. The firm has a market capitalization of $2.59 billion, a PE ratio of 14.20 and a beta of 1.00. Columbia Property Trust has a one year low of $18.08 and a one year high of $25.07. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.51.

Columbia Property Trust (NYSE:CXP) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.35). The company had revenue of $75.43 million for the quarter, compared to the consensus estimate of $72.75 million. Columbia Property Trust had a net margin of 3.84% and a return on equity of 0.42%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. As a group, analysts predict that Columbia Property Trust will post 1.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, May 31st. Columbia Property Trust’s dividend payout ratio (DPR) is presently 51.28%.

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Columbia Property Trust Company Profile

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 19 properties with approximately nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.

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