Columbia Property Trust, Inc. operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company's primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets. The Company's segments include New York, San Francisco, Atlanta, Washington, D.C., Boston, Los Angeles and all other office markets. The all other office markets segment consists of properties in similar, low-barrier to entry geographic locations, in which the Company does not plan to make further investments. The Company conducts its business primarily through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties directly through subsidiaries or through joint ventures.
Industry, Sector and Symbol:
- Market Cap: $2.56 billion
- Outstanding Shares: 121,235,000
- 50 Day Moving Avg: $21.15
- 200 Day Moving Avg: $21.94
- 52 Week Range: $20.27 - $23.48
Sales & Book Value:
- Trailing P/E Ratio: 18.51
- Foreward P/E Ratio: 81.15
- P/E Growth: 0.00
- Annual Revenue: $376.05 million
- Price / Sales: 6.80
- Book Value: $20.66 per share
- Price / Book: 1.02
- Annual Dividend: $0.80
- Dividend Yield: 3.7%
- EBIDTA: $171.48 million
- Net Margins: 37.27%
- Return on Equity: 5.55%
- Return on Assets: 3.30%
- Debt-to-Equity Ratio: 0.58%
- Current Ratio: 4.20%
- Quick Ratio: 4.20%
- Average Volume: 507,642 shs.
- Beta: 1.16
- Short Ratio: 3.1
Frequently Asked Questions for Columbia Property Trust (NYSE:CXP)
What is Columbia Property Trust's stock symbol?
Columbia Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXP."
How often does Columbia Property Trust pay dividends? What is the dividend yield for Columbia Property Trust?
Columbia Property Trust declared a quarterly dividend on Monday, August 7th. Investors of record on Friday, September 1st will be paid a dividend of $0.20 per share on Friday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Wednesday, August 30th. View Columbia Property Trust's Dividend History.
How will Columbia Property Trust's stock buyback program work?
Columbia Property Trust declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 9th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.
How were Columbia Property Trust's earnings last quarter?
Columbia Property Trust, Inc. (NYSE:CXP) announced its earnings results on Thursday, July, 27th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $74.86 million for the quarter, compared to the consensus estimate of $79.51 million. Columbia Property Trust had a net margin of 37.27% and a return on equity of 5.55%. Columbia Property Trust's revenue for the quarter was down 41.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. View Columbia Property Trust's Earnings History.
When will Columbia Property Trust make its next earnings announcement?
Where is Columbia Property Trust's stock going? Where will Columbia Property Trust's stock price be in 2017?
7 equities research analysts have issued twelve-month price objectives for Columbia Property Trust's stock. Their forecasts range from $21.00 to $26.00. On average, they expect Columbia Property Trust's stock price to reach $23.80 in the next year. View Analyst Ratings for Columbia Property Trust.
Who are some of Columbia Property Trust's key competitors?
Some companies that are related to Columbia Property Trust include SEGRO plc (SGRO), STORE Capital Corporation (STOR), Biomed Realty Trust (BMR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Intu Properties PLC (INTU), Derwent London Plc (DLN), Shaftesbury plc (SHB), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Select Income REIT (SIR), Great Portland Estates Plc (GPOR), Government Properties Income Trust (GOV), Seritage Growth Properties (SRG), Global Net Lease (GNL) and Workspace Group plc (WKP).
Who are Columbia Property Trust's key executives?
Columbia Property Trust's management team includes the folowing people:
- E. Nelson Mills, President, Chief Executive Officer, Director
- James A. Fleming, Chief Financial Officer, Executive Vice President
- Wendy W. Gill CPA, Senior Vice President - Corporate Operations and Chief Accounting Officer
- Kevin A. Hoover, Senior Vice President - Portfolio Management
- John L. Dixon, Non-Executive Independent Chairman of the Board
- Carmen M. Bowser, Independent Director
- Charles R. Brown, Independent Director
- Richard W. Carpenter, Independent Director
- David B. Henry, Independent Director
Who owns Columbia Property Trust stock?
Columbia Property Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.84%), BlackRock Inc. (6.83%), Goldman Sachs Group Inc. (5.66%), Bank of New York Mellon Corp (2.87%), State Street Corp (2.81%) and Prudential Financial Inc. (1.54%). View Institutional Ownership Trends for Columbia Property Trust.
Who sold Columbia Property Trust stock? Who is selling Columbia Property Trust stock?
Columbia Property Trust's stock was sold by a variety of institutional investors in the last quarter, including Real Estate Management Services LLC, Monarch Partners Asset Management LLC, Thompson Siegel & Walmsley LLC, AXA, Advisor Group Inc., State Street Corp, First Trust Advisors LP and Teachers Advisors LLC. View Insider Buying and Selling for Columbia Property Trust.
Who bought Columbia Property Trust stock? Who is buying Columbia Property Trust stock?
Columbia Property Trust's stock was bought by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Goldman Sachs Group Inc., Prudential Financial Inc., Los Angeles Capital Management & Equity Research Inc., Vanguard Group Inc., Presima Inc., BlackRock Inc. and Westfield Capital Management Co. LP. View Insider Buying and Selling for Columbia Property Trust.
How do I buy Columbia Property Trust stock?
Shares of Columbia Property Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Columbia Property Trust's stock price today?
MarketBeat Community Rating for Columbia Property Trust (NYSE CXP)MarketBeat's community ratings are surveys of what our community members think about Columbia Property Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Columbia Property Trust stock can currently be purchased for approximately $21.10.
Consensus Ratings for Columbia Property Trust (NYSE:CXP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.57)|
|Consensus Price Target: ||$23.80 (12.80% upside)|
Analysts' Ratings History for Columbia Property Trust (NYSE:CXP)
(Data available from 9/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/22/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral -> Neutral||$21.00||Low|
|4/28/2017||BMO Capital Markets||Reiterated Rating||Buy||$26.00||Low|
|3/27/2017||Evercore ISI||Upgrade||In-Line -> Outperform||$24.50 -> $25.00||High|
|1/24/2017||CIBC||Upgrade||Market Perform -> Outperform||N/A|
|1/24/2017||Oppenheimer Holdings, Inc.||Upgrade||Market Perform -> Outperform||$26.00||N/A|
|1/9/2017||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
|12/21/2016||SunTrust Banks, Inc.||Initiated Coverage||Hold||$21.00||N/A|
|3/3/2016||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$29.00 -> $21.00||N/A|
Earnings History for Columbia Property Trust (NYSE:CXP)Earnings History by Quarter for Columbia Property Trust (NYSE CXP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.27||$0.26||$79.51 million||$74.86 million||View||N/A|
|4/27/2017||Q1 2017||$0.27||$0.28||$100.52 million||$82.16 million||View||N/A|
|2/9/2017||Q416||$0.36||$0.37||$109.23 million||$105.77 million||View||Listen|
|10/27/2016||Q3||($0.01)||$0.37||$114.97 million||$113.27 million||View||Listen|
|7/28/2016||Q216||$0.39||$0.11||$127.96 million||$127.93 million||View||Listen|
|4/28/2016||Q116||$0.29||$0.05||$132.19 million||$126.58 million||View||Listen|
|2/11/2016||Q415||$0.45||$0.08||$135.97 million||$132.70 million||View||Listen|
|10/29/2015||Q315||$0.07||$0.16||$139.22 million||$137.71 million||View||Listen|
|7/30/2015||Q215||$0.04||$0.07||$146.84 million||$148.10 million||View||Listen|
|4/30/2015||Q115||$0.49||$0.52||$137.88 million||$147.50 million||View||N/A|
Earnings Estimates for Columbia Property Trust (NYSE:CXP)
2017 EPS Consensus Estimate: $1.22
2018 EPS Consensus Estimate: $1.46
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Columbia Property Trust (NYSE:CXP)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||70.18% (Trailing 12 Months of Earnings) |
1,142.86% (Based on This Year's Estimates)
307.69% (Based on Next Year's Estimates)
Dividend History by Quarter for Columbia Property Trust (NYSE CXP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Columbia Property Trust (NYSE:CXP)
Insider Ownership Percentage: 0.46%Insider Trades by Quarter for Columbia Property Trust (NYSE:CXP)
Institutional Ownership Percentage: 64.81%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/15/2017||Thomas G Wattles||Director||Buy||4,700||$21.27||$99,969.00|| |
|8/24/2015||John L Dixon||Director||Buy||2,000||$21.96||$43,920.00|| |
|9/15/2014||John L Dixon||Director||Buy||2,000||$25.07||$50,140.00|| |
|6/4/2014||John L Dixon||Director||Buy||2,000||$26.54||$53,080.00|| |
|12/19/2013||Thomas G Wattles||Director||Buy||4,100||$24.50||$100,450.00|| |
|12/5/2013||Murray J Mccabe||Director||Buy||4,390||$22.75||$99,872.50|| |
|11/26/2013||John L Dixon||Director||Buy||1,500||$23.02||$34,530.00|| |
|11/26/2013||Randy Fretz||SVP||Buy||1,085||$23.05||$25,009.25|| |
Headline Trends for Columbia Property Trust (NYSE:CXP)
Latest Headlines for Columbia Property Trust (NYSE:CXP)
|First Week of CXP November 17th Options Trading|
www.thestreet.com - September 19 at 5:40 PM
|Contrasting Columbia Property Trust (CXP) and Easterly Government Properties (DEA)|
www.americanbankingnews.com - September 19 at 10:51 AM
|New Strong Sell Stocks for September 6th|
www.zacks.com - September 6 at 5:43 PM
|Columbia Property Trust, Inc. (CXP) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - August 29 at 8:44 AM
|Ex-Dividend Reminder: FNB, Columbia Property Trust and Chemical Financial|
www.nasdaq.com - August 28 at 5:33 PM
|Columbia Property Trust, Inc. (CXP) Director Thomas G. Wattles Acquires 4,700 Shares|
www.americanbankingnews.com - August 16 at 1:34 PM
|Columbia Property Trust, Inc. to Post FY2017 Earnings of $1.12 Per Share, SunTrust Banks Forecasts (NYSE:CXP)|
www.americanbankingnews.com - August 14 at 5:52 AM
|IHS Markit Score downgrades Columbia Property Trust Inc to 51 out of 100, ranking positively in two out of three available IHS Markit categories.|
finance.yahoo.com - August 11 at 6:11 PM
|Columbia Property Trust (CXP) Announces New $200M Share Repurchase Program|
www.streetinsider.com - August 9 at 10:53 PM
|Columbia Property Trust is Oversold|
www.nasdaq.com - August 9 at 10:52 PM
|See what the IHS Markit Score report has to say about Columbia Property Trust Inc.|
finance.yahoo.com - August 9 at 10:52 PM
|Share Buyback Plan Declared by Columbia Property Trust (NYSE:CXP) Board of Directors |
www.americanbankingnews.com - August 9 at 11:04 AM
|Columbia Property Trust Announces New $200 Million Share Repurchase Program|
finance.yahoo.com - August 8 at 5:27 PM
|Columbia Property Trust, Inc. (NYSE:CXP) Announces Quarterly Dividend of $0.20|
www.americanbankingnews.com - August 7 at 6:34 PM
|Columbia Property Trust Declares Third Quarter Dividend|
finance.yahoo.com - August 7 at 6:06 PM
|Columbia Property Trust, Inc. (NYSE:CXP) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 4 at 8:52 AM
|Columbia Property Trust, Inc. (NYSE:CXP) Sees Large Growth in Short Interest|
www.americanbankingnews.com - August 1 at 7:17 AM
|Edited Transcript of CXP earnings conference call or presentation 27-Jul-17 9:00pm GMT|
finance.yahoo.com - July 28 at 7:37 PM
|Columbia reports 2Q results|
finance.yahoo.com - July 27 at 11:04 PM
|Columbia Property Trust, Inc. (CXP) Issues Quarterly Earnings Results|
www.americanbankingnews.com - July 27 at 10:30 PM
|Investor Network: Columbia Property Trust, Inc. to Host Earnings Call|
finance.yahoo.com - July 27 at 6:01 PM
|Columbia Property Trust Releases Second Quarter 2017 Update and Results|
finance.yahoo.com - July 27 at 6:01 PM
|Columbia Property Trust, Inc. (CXP) Lifted to Hold at BidaskClub|
www.americanbankingnews.com - July 16 at 2:50 PM
|Columbia Property Trust, Inc. (NYSE:CXP) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - July 10 at 9:11 AM
|Notable Two Hundred Day Moving Average Cross - CXP|
www.nasdaq.com - July 9 at 11:09 AM
|Columbia Property Trust forms JV with Allianz|
seekingalpha.com - July 7 at 5:07 AM
|Columbia Property Trust and Allianz Real Estate Form Joint Venture to Own Class-A Office Assets in the Nation’s Leading Gateway Markets|
finance.yahoo.com - July 6 at 7:00 PM
|Allianz, Columbia Form a $1.26 Billion U.S. Real Estate Venture|
finance.yahoo.com - July 6 at 7:00 PM
|Columbia Property Trust Announces the Date of its 2017 Second Quarter Results and Conference Call Information|
finance.yahoo.com - July 3 at 5:37 PM
|Columbia Property Trust, Inc. (CXP) Receives Neutral Rating from Goldman Sachs Group, Inc. (The)|
www.americanbankingnews.com - June 25 at 7:10 AM
|Critical Review: Columbia Property Trust (CXP) versus Biomed Realty Trust (BMR)|
www.americanbankingnews.com - June 24 at 4:40 PM
|Columbia Property Trust, Inc. (CXP) Rating Increased to Sell at BidaskClub|
www.americanbankingnews.com - June 24 at 1:46 PM
|Columbia Property Trust Is Undervalued|
seekingalpha.com - June 13 at 12:22 PM
|Columbia Property Trust, Inc. (CXP) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - June 13 at 7:45 AM
|Anchors Away: This D.C. office building now has the Navy fight song patterned into its ceiling, in Morse code|
finance.yahoo.com - June 8 at 9:59 AM
|Columbia Property Trust Continues Leasing Momentum at 80 M Street with Completion of $3 Million Renovation|
finance.yahoo.com - June 7 at 5:26 PM
|Columbia Property Trust Inc (CXP) Downgraded to Sell at Zacks Investment Research|
www.americanbankingnews.com - June 6 at 6:54 PM
|Form 8-K COLUMBIA PROPERTY TRUST, For: Jun 06|
www.streetinsider.com - June 6 at 4:52 PM
|Columbia Property Atlanta office portfolio gets to 100% leased|
seekingalpha.com - June 6 at 4:52 PM
|Columbia Property Trust Completes 47,000 Square Feet of Leasing at One Glenlake, Highlighted by Regus Renewal and Expansion|
finance.yahoo.com - June 6 at 4:52 PM
|Zacks Investment Research Upgrades Columbia Property Trust Inc (CXP) to Hold|
www.americanbankingnews.com - May 31 at 6:56 PM
|Columbia Property Trust Inc (CXP) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - May 19 at 7:36 AM
|Columbia Property Trust (CXP) Receives Coverage Optimism Rating of 0.36|
www.americanbankingnews.com - May 4 at 12:42 AM
|Columbia Property Trust Inc (CXP) Plans Quarterly Dividend of $0.20|
www.americanbankingnews.com - May 3 at 9:12 PM
|Columbia Property Trust Declares Second Quarter Dividend|
finance.yahoo.com - May 2 at 7:53 PM
|Positive News Coverage Likely to Impact Columbia Property Trust (CXP) Stock Price|
www.americanbankingnews.com - April 30 at 2:23 PM
|Columbia Property Trust Inc (CXP) Issues Earnings Results|
www.americanbankingnews.com - April 29 at 1:26 AM
|Columbia Property Trust Inc (CXP) Releases Earnings Results, Beats Estimates By $0.01 EPS|
www.americanbankingnews.com - April 29 at 1:25 AM
|Columbia Property Trust Inc (CXP) Posts Earnings Results|
www.americanbankingnews.com - April 29 at 1:24 AM
|Columbia Property Trust Inc (CXP) Issues FY17 Earnings Guidance|
www.americanbankingnews.com - April 29 at 1:01 AM
Columbia Property Trust (CXP) Chart for Wednesday, September, 20, 2017