Columbia Property Trust Sees Unusually High Options Volume (CXP)

Columbia Property Trust (NYSE:CXP) saw some unusual options trading activity on Thursday. Traders bought 1,040 put options on the company. This is an increase of approximately 1,757% compared to the typical daily volume of 56 put options.

Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Columbia Property Trust during the fourth quarter worth about $253,000. Glenmede Trust Co. NA lifted its position in shares of Columbia Property Trust by 15.6% during the fourth quarter. Glenmede Trust Co. NA now owns 1,935,160 shares of the real estate investment trust’s stock worth $44,411,000 after purchasing an additional 260,467 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Columbia Property Trust by 17.4% during the fourth quarter. Macquarie Group Ltd. now owns 757,488 shares of the real estate investment trust’s stock worth $17,362,000 after purchasing an additional 112,262 shares in the last quarter. Dean Capital Management acquired a new stake in shares of Columbia Property Trust during the fourth quarter worth about $4,221,000. Finally, LPL Financial LLC lifted its position in shares of Columbia Property Trust by 57.9% during the fourth quarter. LPL Financial LLC now owns 105,723 shares of the real estate investment trust’s stock worth $2,426,000 after purchasing an additional 38,765 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on CXP. Zacks Investment Research cut shares of Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 target price on shares of Columbia Property Trust in a research report on Thursday, December 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $25.00 target price on shares of Columbia Property Trust in a research report on Thursday, February 15th. Finally, SunTrust Banks set a $22.00 target price on shares of Columbia Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Columbia Property Trust presently has a consensus rating of “Hold” and a consensus target price of $23.17.



NYSE CXP opened at $20.21 on Friday. The stock has a market capitalization of $2,455.51, a price-to-earnings ratio of 17.73 and a beta of 1.03. Columbia Property Trust has a 12 month low of $19.55 and a 12 month high of $23.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83.

Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The business had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $64.63 million. Columbia Property Trust had a net margin of 60.91% and a return on equity of 6.94%. The business’s quarterly revenue was down 32.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. analysts predict that Columbia Property Trust will post 1.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.96%. Columbia Property Trust’s dividend payout ratio is presently 70.18%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://dakotafinancialnews.com/2018/04/13/columbia-property-trust-sees-unusually-high-options-volume-cxp.html.

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 operating properties with over nine million square feet, as well as one property under redevelopment. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.

Receive News & Ratings for Columbia Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply