According to Zacks, “Columbia Property Trust, Inc. operates as a real estate investment trust. It focuses on the acquisition, development, ownership, leasing and operation of office properties in primary U.S. markets. Columbia Property Trust, Inc. is headquartered in Atlanta, GA. “
CXP opened at $22.15 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.60 billion, a price-to-earnings 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd will be given a $0.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. Columbia Property Trust’s dividend payout ratio is currently 51.28%.
Several large investors have recently modified their holdings of CXP. BlackRock Inc. increased its stake in Columbia Property Trust by 3.0% in the fourth quarter. BlackRock Inc. now owns 9,224,417 shares of the real estate investment trust’s stock valued at $178,492,000 after purchasing an additional 271,712 shares during the last quarter. Deutsche Bank AG increased its stake in Columbia Property Trust by 15.8% in the fourth quarter. Deutsche Bank AG now owns 3,538,776 shares of the real estate investment trust’s stock valued at $68,472,000 after purchasing an additional 481,565 shares during the last quarter. Jennison Associates LLC increased its stake in Columbia Property Trust by 8.0% in the fourth quarter. Jennison Associates LLC now owns 3,093,290 shares of the real estate investment trust’s stock valued at $59,855,000 after purchasing an additional 230,291 shares during the last quarter. Centersquare Investment Management LLC acquired a new position in Columbia Property Trust in the first quarter valued at $61,100,000. Finally, Dimensional Fund Advisors LP increased its stake in Columbia Property Trust by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,907,926 shares of the real estate investment trust’s stock valued at $42,948,000 after purchasing an additional 12,418 shares during the last quarter. Institutional investors and hedge funds own 74.65% of the company’s stock.
About Columbia Property Trust
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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