Columbia Property Trust Company Profile (NYSE:CXP)

About Columbia Property Trust (NYSE:CXP)

Columbia Property Trust logoColumbia 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: Capitalization:
  • Market Cap: $2.56 billion
  • Outstanding Shares: 121,235,000
Average Prices:
  • 50 Day Moving Avg: $21.15
  • 200 Day Moving Avg: $21.94
  • 52 Week Range: $20.27 - $23.48
P/E:
  • Trailing P/E Ratio: 18.51
  • Foreward P/E Ratio: 81.15
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $376.05 million
  • Price / Sales: 6.80
  • Book Value: $20.66 per share
  • Price / Book: 1.02
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 3.7%
Profitability:
  • EBIDTA: $171.48 million
  • Net Margins: 37.27%
  • Return on Equity: 5.55%
  • Return on Assets: 3.30%
Debt:
  • Debt-to-Equity Ratio: 0.58%
  • Current Ratio: 4.20%
  • Quick Ratio: 4.20%
Misc:
  • 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?

Columbia Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Columbia Property Trust.

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?

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?

One share of Columbia Property Trust stock can currently be purchased for approximately $21.10.


MarketBeat Community Rating for Columbia Property Trust (NYSE CXP)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  83 (Vote Outperform)
Underperform Votes:  145 (Vote Underperform)
Total Votes:  228
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.

Analyst Ratings

Consensus Ratings for Columbia Property Trust (NYSE:CXP) (How are Consensus Ratings Calculated?)
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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/22/2017Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral -> Neutral$21.00LowView Rating Details
4/28/2017BMO Capital MarketsReiterated RatingBuy$26.00LowView Rating Details
3/27/2017Evercore ISIUpgradeIn-Line -> Outperform$24.50 -> $25.00HighView Rating Details
1/24/2017CIBCUpgradeMarket Perform -> OutperformN/AView Rating Details
1/24/2017Oppenheimer Holdings, Inc.UpgradeMarket Perform -> Outperform$26.00N/AView Rating Details
1/9/2017JMP SecuritiesDowngradeOutperform -> Market PerformN/AView Rating Details
12/21/2016SunTrust Banks, Inc.Initiated CoverageHold$21.00N/AView Rating Details
3/3/2016Morgan StanleyDowngradeOverweight -> Equal Weight$29.00 -> $21.00N/AView Rating Details
(Data available from 9/20/2015 forward)

Earnings

Earnings History for Columbia Property Trust (NYSE:CXP)
Earnings by Quarter for Columbia Property Trust (NYSE:CXP)
Earnings History by Quarter for Columbia Property Trust (NYSE CXP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017N/AView Earnings Details
7/27/2017Q2 2017$0.27$0.26$79.51 million$74.86 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.27$0.28$100.52 million$82.16 millionViewN/AView Earnings Details
2/9/2017Q416$0.36$0.37$109.23 million$105.77 millionViewListenView Earnings Details
10/27/2016Q3($0.01)$0.37$114.97 million$113.27 millionViewListenView Earnings Details
7/28/2016Q216$0.39$0.11$127.96 million$127.93 millionViewListenView Earnings Details
4/28/2016Q116$0.29$0.05$132.19 million$126.58 millionViewListenView Earnings Details
2/11/2016Q415$0.45$0.08$135.97 million$132.70 millionViewListenView Earnings Details
10/29/2015Q315$0.07$0.16$139.22 million$137.71 millionViewListenView Earnings Details
7/30/2015Q215$0.04$0.07$146.84 million$148.10 millionViewListenView Earnings Details
4/30/2015Q115$0.49$0.52$137.88 million$147.50 millionViewN/AView Earnings Details
2/11/2014Q413$0.10$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Columbia Property Trust (NYSE:CXP)
2017 EPS Consensus Estimate: $1.22
2018 EPS Consensus Estimate: $1.46
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.25$0.28$0.27
Q2 20172$0.28$0.28$0.28
Q3 20172$0.31$0.33$0.32
Q4 20172$0.30$0.40$0.35
Q1 20182$0.34$0.37$0.36
Q2 20182$0.35$0.38$0.37
Q3 20182$0.34$0.39$0.37
Q4 20182$0.35$0.39$0.37
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Columbia Property Trust (NYSE:CXP)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.80
Dividend Yield:3.79%
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 Payments by Quarter for Columbia Property Trust (NYSE:CXP)

Dividend History by Quarter for Columbia Property Trust (NYSE CXP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/7/2017quarterly$0.203.69%8/30/20179/1/20179/15/2017
5/3/2017quarterly$0.203.6%5/30/20176/1/20176/15/2017
2/10/2017quarterly$0.203.48%2/27/20173/1/20173/15/2017
11/11/2016quarterly$0.305.71%11/29/201612/1/20161/5/2017
8/9/2016quarterly$0.304.94%8/30/20169/1/20169/15/2016
5/3/2016quarterly$0.305.33%5/27/20166/1/20166/15/2016
2/11/2016Quarterly$0.302/26/20163/1/20163/15/2016
11/6/2015Quarterly$0.3011/27/201512/1/20151/6/2016
8/7/2015quarterly$0.305.07%8/28/20159/1/20159/15/2015
5/6/2015quarterly$0.304.56%5/28/20156/1/20156/16/2015
2/13/2015quarterly$0.304.62%2/26/20153/2/20153/17/2015
11/3/2014quarterly$0.304.77%11/28/201412/2/201412/16/2014
8/7/2014quarterly$0.304.83%8/28/20149/2/20149/16/2014
5/9/2014quarterly$0.304.12%5/29/20146/2/20146/17/2014
2/20/2014quarterly$0.304.92%2/27/20143/3/20143/18/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Columbia Property Trust (NYSE:CXP)
Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 64.81%
Insider Trades by Quarter for Columbia Property Trust (NYSE:CXP)
Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)
Insider Trades by Quarter for Columbia Property Trust (NYSE:CXP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/15/2017Thomas G WattlesDirectorBuy4,700$21.27$99,969.00View SEC Filing  
8/24/2015John L DixonDirectorBuy2,000$21.96$43,920.00View SEC Filing  
9/15/2014John L DixonDirectorBuy2,000$25.07$50,140.00View SEC Filing  
6/4/2014John L DixonDirectorBuy2,000$26.54$53,080.00View SEC Filing  
12/19/2013Thomas G WattlesDirectorBuy4,100$24.50$100,450.00View SEC Filing  
12/5/2013Murray J MccabeDirectorBuy4,390$22.75$99,872.50View SEC Filing  
11/26/2013John L DixonDirectorBuy1,500$23.02$34,530.00View SEC Filing  
11/26/2013Randy FretzSVPBuy1,085$23.05$25,009.25View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Columbia Property Trust (NYSE:CXP)
Latest Headlines for Columbia Property Trust (NYSE:CXP)
Source:
DateHeadline
thestreet.com logoFirst Week of CXP November 17th Options Trading
www.thestreet.com - September 19 at 5:40 PM
americanbankingnews.com logoContrasting Columbia Property Trust (CXP) and Easterly Government Properties (DEA)
www.americanbankingnews.com - September 19 at 10:51 AM
zacks.com logoNew Strong Sell Stocks for September 6th
www.zacks.com - September 6 at 5:43 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - August 29 at 8:44 AM
nasdaq.com logoEx-Dividend Reminder: FNB, Columbia Property Trust and Chemical Financial
www.nasdaq.com - August 28 at 5:33 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Director Thomas G. Wattles Acquires 4,700 Shares
www.americanbankingnews.com - August 16 at 1:34 PM
americanbankingnews.com logoColumbia 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
finance.yahoo.com logoIHS 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
streetinsider.com logoColumbia Property Trust (CXP) Announces New $200M Share Repurchase Program
www.streetinsider.com - August 9 at 10:53 PM
nasdaq.com logoColumbia Property Trust is Oversold
www.nasdaq.com - August 9 at 10:52 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Columbia Property Trust Inc.
finance.yahoo.com - August 9 at 10:52 PM
americanbankingnews.com logoShare Buyback Plan Declared by Columbia Property Trust (NYSE:CXP) Board of Directors
www.americanbankingnews.com - August 9 at 11:04 AM
finance.yahoo.com logoColumbia Property Trust Announces New $200 Million Share Repurchase Program
finance.yahoo.com - August 8 at 5:27 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (NYSE:CXP) Announces Quarterly Dividend of $0.20
www.americanbankingnews.com - August 7 at 6:34 PM
finance.yahoo.com logoColumbia Property Trust Declares Third Quarter Dividend
finance.yahoo.com - August 7 at 6:06 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (NYSE:CXP) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 4 at 8:52 AM
americanbankingnews.com logoColumbia Property Trust, Inc. (NYSE:CXP) Sees Large Growth in Short Interest
www.americanbankingnews.com - August 1 at 7:17 AM
finance.yahoo.com logoEdited Transcript of CXP earnings conference call or presentation 27-Jul-17 9:00pm GMT
finance.yahoo.com - July 28 at 7:37 PM
finance.yahoo.com logoColumbia reports 2Q results
finance.yahoo.com - July 27 at 11:04 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Issues Quarterly Earnings Results
www.americanbankingnews.com - July 27 at 10:30 PM
finance.yahoo.com logoInvestor Network: Columbia Property Trust, Inc. to Host Earnings Call
finance.yahoo.com - July 27 at 6:01 PM
finance.yahoo.com logoColumbia Property Trust Releases Second Quarter 2017 Update and Results
finance.yahoo.com - July 27 at 6:01 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Lifted to Hold at BidaskClub
www.americanbankingnews.com - July 16 at 2:50 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (NYSE:CXP) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - July 10 at 9:11 AM
nasdaq.com logoNotable Two Hundred Day Moving Average Cross - CXP
www.nasdaq.com - July 9 at 11:09 AM
seekingalpha.com logoColumbia Property Trust forms JV with Allianz
seekingalpha.com - July 7 at 5:07 AM
finance.yahoo.com logoColumbia 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
finance.yahoo.com logoAllianz, Columbia Form a $1.26 Billion U.S. Real Estate Venture
finance.yahoo.com - July 6 at 7:00 PM
finance.yahoo.com logoColumbia Property Trust Announces the Date of its 2017 Second Quarter Results and Conference Call Information
finance.yahoo.com - July 3 at 5:37 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Receives Neutral Rating from Goldman Sachs Group, Inc. (The)
www.americanbankingnews.com - June 25 at 7:10 AM
americanbankingnews.com logoCritical Review: Columbia Property Trust (CXP) versus Biomed Realty Trust (BMR)
www.americanbankingnews.com - June 24 at 4:40 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Rating Increased to Sell at BidaskClub
www.americanbankingnews.com - June 24 at 1:46 PM
seekingalpha.com logoColumbia Property Trust Is Undervalued
seekingalpha.com - June 13 at 12:22 PM
americanbankingnews.com logoColumbia Property Trust, Inc. (CXP) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - June 13 at 7:45 AM
finance.yahoo.com logoAnchors 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
finance.yahoo.com logoColumbia Property Trust Continues Leasing Momentum at 80 M Street with Completion of $3 Million Renovation
finance.yahoo.com - June 7 at 5:26 PM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - June 6 at 6:54 PM
streetinsider.com logoForm 8-K COLUMBIA PROPERTY TRUST, For: Jun 06
www.streetinsider.com - June 6 at 4:52 PM
seekingalpha.com logoColumbia Property Atlanta office portfolio gets to 100% leased
seekingalpha.com - June 6 at 4:52 PM
finance.yahoo.com logoColumbia 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
americanbankingnews.com logoZacks Investment Research Upgrades Columbia Property Trust Inc (CXP) to Hold
www.americanbankingnews.com - May 31 at 6:56 PM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - May 19 at 7:36 AM
americanbankingnews.com logoColumbia Property Trust (CXP) Receives Coverage Optimism Rating of 0.36
www.americanbankingnews.com - May 4 at 12:42 AM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Plans Quarterly Dividend of $0.20
www.americanbankingnews.com - May 3 at 9:12 PM
finance.yahoo.com logoColumbia Property Trust Declares Second Quarter Dividend
finance.yahoo.com - May 2 at 7:53 PM
americanbankingnews.com logoPositive News Coverage Likely to Impact Columbia Property Trust (CXP) Stock Price
www.americanbankingnews.com - April 30 at 2:23 PM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Issues Earnings Results
www.americanbankingnews.com - April 29 at 1:26 AM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 29 at 1:25 AM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Posts Earnings Results
www.americanbankingnews.com - April 29 at 1:24 AM
americanbankingnews.com logoColumbia Property Trust Inc (CXP) Issues FY17 Earnings Guidance
www.americanbankingnews.com - April 29 at 1:01 AM

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Chart

Columbia Property Trust (CXP) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff