Columbia Property Trust (NYSE:CXP) CEO E Nelson Mills acquired 6,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average cost of $8.34 per share, with a total value of $50,040.00. Following the completion of the transaction, the chief executive officer now owns 482,264 shares in the company, valued at $4,022,081.76. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
E Nelson Mills also recently made the following trade(s):
- On Thursday, March 19th, E Nelson Mills acquired 21,056 shares of Columbia Property Trust stock. The stock was purchased at an average cost of $8.75 per share, with a total value of $184,240.00.
Shares of CXP stock opened at $10.58 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. Columbia Property Trust has a one year low of $7.63 and a one year high of $23.13. The company’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $20.15. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.19 and a beta of 0.88.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 7.94%. Columbia Property Trust’s payout ratio is 56.00%.
A number of research firms have weighed in on CXP. Evercore ISI reissued a “buy” rating and issued a $24.00 price objective on shares of Columbia Property Trust in a research report on Sunday, February 16th. Morgan Stanley decreased their price objective 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. Zacks Investment Research cut shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a research report on Monday, March 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $22.00 price target on shares of Columbia Property Trust in a research report on Monday, February 17th. Finally, SunTrust Banks raised shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Columbia Property Trust presently has a consensus rating of “Hold” and an average target price of $22.83.
Several hedge funds have recently modified their holdings of the company. Sowa Financial Group Inc. bought a new position in shares of Columbia Property Trust during the fourth quarter worth about $71,000. Nuveen Asset Management LLC lifted its position in shares of Columbia Property Trust by 43.6% during the fourth quarter. Nuveen Asset Management LLC now owns 885,409 shares of the real estate investment trust’s stock worth $18,514,000 after purchasing an additional 268,775 shares during the last quarter. Norges Bank bought a new position in shares of Columbia Property Trust during the fourth quarter worth about $29,640,000. Sunbelt Securities Inc. acquired a new stake in Columbia Property Trust during the fourth quarter worth about $14,574,000. Finally, Geode Capital Management LLC raised its stake in Columbia Property Trust by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 1,902,521 shares of the real estate investment trust’s stock worth $39,781,000 after acquiring an additional 189,734 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.
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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