Columbia Property Trust Inc. (CXP) Sees Significant Decrease in Short Interest
Columbia Property Trust Inc. (NYSE:CXP) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 655,906 shares, a decrease of 43.1% from the September 15th total of 1,153,681 shares. Based on an average trading volume of 665,694 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s stock are sold short.
Separately, Zacks Investment Research downgraded Columbia Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.75.
Several hedge funds and other institutional investors have recently made changes to their positions in CXP. Parametrica Management Ltd purchased a new position in shares of Columbia Property Trust during the third quarter worth approximately $276,000. Prospera Financial Services Inc boosted its position in shares of Columbia Property Trust by 18.2% in the third quarter. Prospera Financial Services Inc now owns 13,573 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 2,088 shares during the last quarter. Pensionfund Sabic purchased a new position in shares of Columbia Property Trust during the third quarter worth approximately $560,000. Pensionfund DSM Netherlands purchased a new position in shares of Columbia Property Trust during the third quarter worth approximately $1,478,000. Finally, Carroll Financial Associates Inc. boosted its position in shares of Columbia Property Trust by 7.7% in the third quarter. Carroll Financial Associates Inc. now owns 10,213 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 733 shares during the last quarter. Institutional investors own 60.61% of the company’s stock.
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Columbia Property Trust (NYSE:CXP) opened at 22.16 on Wednesday. The firm has a 50-day moving average price of $22.69 and a 200-day moving average price of $22.41. Columbia Property Trust has a 1-year low of $19.34 and a 1-year high of $26.24. The firm has a market capitalization of $2.74 billion, a PE ratio of 54.85 and a beta of 1.16.
Columbia Property Trust (NYSE:CXP) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.35. The firm had revenue of $127.93 million for the quarter, compared to the consensus estimate of $127.96 million. Columbia Property Trust had a return on equity of 1.95% and a net margin of 9.58%. The company’s revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Equities analysts expect that Columbia Property Trust will post $0.19 earnings per share for the current fiscal year.
Columbia Property Trust Company Profile
Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures.
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