NYSE:CXP - Columbia Property Trust Stock Price, News, & Analysis

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$21.81 +0.03 (+0.14 %)
(As of 03/21/2019 08:45 AM ET)
Previous Close$21.78
Today's Range$21.46 - $21.94
52-Week Range$18.08 - $25.07
Volume959,917 shs
Average Volume839,675 shs
Market Capitalization$2.55 billion
P/E Ratio13.98
Dividend Yield3.67%
Beta1
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, D.C. 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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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone404-465-2200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$297.94 million
Cash Flow$1.0244 per share
Book Value$23.23 per share

Profitability

Net Income$9.49 million

Miscellaneous

EmployeesN/A
Market Cap$2.55 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Columbia Property Trust (NYSE:CXP) Frequently Asked Questions

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, February 11th. Investors of record on Friday, March 1st will be paid a dividend of $0.20 per share on Friday, March 15th. This represents a $0.80 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, February 28th. View Columbia Property Trust's Dividend History.

How will Columbia Property Trust's stock buyback program work?

Columbia Property Trust announced that its board has authorized a stock buyback program on Wednesday, August 9th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

How were Columbia Property Trust's earnings last quarter?

Columbia Property Trust (NYSE:CXP) issued its quarterly earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.33. The real estate investment trust had revenue of $75.52 million for the quarter, compared to the consensus estimate of $73.26 million. Columbia Property Trust had a net margin of 3.19% and a return on equity of 0.34%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. View Columbia Property Trust's Earnings History.

When is Columbia Property Trust's next earnings date?

Columbia Property Trust is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Columbia Property Trust.

What guidance has Columbia Property Trust issued on next quarter's earnings?

Columbia Property Trust updated its FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share (EPS) guidance of $1.35-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. Columbia Property Trust also updated its FY 2019 guidance to $1.35-1.40 EPS.

What price target have analysts set for CXP?

2 analysts have issued 1 year price targets for Columbia Property Trust's shares. Their forecasts range from $21.00 to $22.00. On average, they anticipate Columbia Property Trust's stock price to reach $21.50 in the next year. This suggests that the stock has a possible downside of 1.4%. View Analyst Price Targets for Columbia Property Trust.

What is the consensus analysts' recommendation for Columbia Property Trust?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Property Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Columbia Property Trust.

Has Columbia Property Trust been receiving favorable news coverage?

Press coverage about CXP stock has trended negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Columbia Property Trust earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the near term.

Are investors shorting Columbia Property Trust?

Columbia Property Trust saw a increase in short interest during the month of February. As of February 15th, there was short interest totalling 801,334 shares, an increase of 48.2% from the January 31st total of 540,605 shares. Based on an average trading volume of 581,697 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the shares of the stock are short sold. View Columbia Property Trust's Current Options Chain.

Who are some of Columbia Property Trust's key competitors?

What other stocks do shareholders of Columbia Property Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbia Property Trust investors own include Mattel (MAT), Ultra Clean (UCTT), General Electric (GE), Twitter (TWTR), US Foods (USFD), American National BankShares (AMNB), Enterprise Bancorp (EBTC), New York Times (NYT), Clear Channel Outdoor (CCO) and General Motors (GM).

Who are Columbia Property Trust's key executives?

Columbia Property Trust's management team includes the folowing people:
  • Mr. E. Nelson Mills CPA, CPA, Pres, CEO & Director (Age 57)
  • Mr. James A. Fleming, Exec. VP & CFO (Age 59)
  • Ms. Wendy W. Gill CPA, CPA, Sr. VP of Corp. Operations & Chief Accounting Officer (Age 43)
  • Mr. Kevin A. Hoover, Sr. VP of Portfolio Management & Transactions (Age 53)
  • Mr. Matt Stover, Director - Fin. & Investor Relations

Who are Columbia Property Trust's major shareholders?

Columbia Property Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.82%), Jennison Associates LLC (2.62%), Dimensional Fund Advisors LP (1.61%), Dimensional Fund Advisors LP (1.62%), Prudential Financial Inc. (1.35%) and Geode Capital Management LLC (1.29%). Company insiders that own Columbia Property Trust stock include Richard W Carpenter and Thomas G Wattles. View Institutional Ownership Trends for Columbia Property Trust.

Which major investors are selling Columbia Property Trust stock?

CXP stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Northern Trust Corp, Bank of New York Mellon Corp, Mesirow Financial Investment Management Equity Management, Amundi Pioneer Asset Management Inc., Macquarie Group Ltd., Clean Yield Group and First Trust Advisors LP. View Insider Buying and Selling for Columbia Property Trust.

Which major investors are buying Columbia Property Trust stock?

CXP stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Cohen & Steers Inc., Millennium Management LLC, BlackRock Inc., Jennison Associates LLC, Geode Capital Management LLC, Geode Capital Management LLC and Barclays PLC. Company insiders that have bought Columbia Property Trust stock in the last two years include Richard W Carpenter and Thomas G Wattles. View Insider Buying and Selling for Columbia Property Trust.

How do I buy shares of Columbia Property Trust?

Shares of CXP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 CXP stock can currently be purchased for approximately $21.81.

How big of a company is Columbia Property Trust?

Columbia Property Trust has a market capitalization of $2.55 billion and generates $297.94 million in revenue each year. The real estate investment trust earns $9.49 million in net income (profit) each year or $1.56 on an earnings per share basis.

What is Columbia Property Trust's official website?

The official website for Columbia Property Trust is http://www.columbia.reit.

How can I contact Columbia Property Trust?

Columbia Property Trust's mailing address is 1170 PEACHTREE STREET NE SUITE 600, ATLANTA GA, 30309. The real estate investment trust can be reached via phone at 404-465-2200 or via email at [email protected]


MarketBeat Community Rating for Columbia Property Trust (NYSE CXP)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  223 (Vote Outperform)
Underperform Votes:  279 (Vote Underperform)
Total Votes:  502
MarketBeat's community ratings are surveys of what our community members think about Columbia Property Trust and other stocks. Vote "Outperform" if you believe CXP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CXP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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