Columbia Property Trust (NYSE:CXP) Short Interest Up 17.2% in January

Columbia Property Trust (NYSE:CXP) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,840,000 shares, a growth of 17.2% from the January 15th total of 1,570,000 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 674,000 shares, the short-interest ratio is currently 2.7 days.

A number of research analysts recently issued reports on CXP shares. Morgan Stanley decreased their target price on shares of Columbia Property Trust from $22.50 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, December 13th. BMO Capital Markets downgraded shares of Columbia Property Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Thursday, October 17th. SunTrust Banks upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, January 15th. Zacks Investment Research downgraded shares of Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Goldman Sachs Group started coverage on shares of Columbia Property Trust in a research report on Friday, November 8th. They set a “neutral” rating and a $22.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Columbia Property Trust presently has a consensus rating of “Hold” and an average price target of $22.60.

CXP traded down $0.08 on Friday, reaching $22.39. The stock had a trading volume of 473,384 shares, compared to its average volume of 741,513. Columbia Property Trust has a 12-month low of $19.64 and a 12-month high of $23.21. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $21.39 and its two-hundred day moving average price is $21.01. The company has a market cap of $2.60 billion, a P/E ratio of 72.23 and a beta of 0.88.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). Columbia Property Trust had a net margin of 12.17% and a return on equity of 1.32%. The firm had revenue of $68.73 million during the quarter, compared to analysts’ expectations of $67.36 million. During the same period in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. As a group, analysts predict that Columbia Property Trust will post 1.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.75%. Columbia Property Trust’s payout ratio is 53.85%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new position in Columbia Property Trust in the first quarter valued at $25,000. Garrett Wealth Advisory Group LLC purchased a new position in Columbia Property Trust in the third quarter valued at $27,000. Chevy Chase Trust Holdings Inc. purchased a new position in Columbia Property Trust in the fourth quarter valued at $38,000. Sugarloaf Wealth Management LLC purchased a new position in Columbia Property Trust in the fourth quarter valued at $64,000. Finally, PSI Advisors LLC purchased a new position in Columbia Property Trust in the fourth quarter valued at $123,000. 78.66% of the stock is owned by institutional investors.

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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