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

Columbia Property Trust's stock was trading at $15.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CXP shares have decreased by 19.5% and is now trading at $12.56. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Property Trust in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Columbia Property Trust.

Columbia Property Trust is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Columbia Property Trust.

Columbia Property Trust (NYSE:CXP) issued its quarterly earnings data on Thursday, February, 13th. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.16. The real estate investment trust earned $68.73 million during the quarter, compared to analyst estimates of $67.36 million. Columbia Property Trust had a return on equity of 0.34% and a net margin of 3.18%. Columbia Property Trust's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. View Columbia Property Trust's earnings history.

Columbia Property Trust announced a quarterly dividend on Monday, February 10th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.21 per share on Tuesday, March 17th. This represents a $0.84 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Friday, February 28th. View Columbia Property Trust's dividend history.

Columbia Property Trust updated its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share guidance of $1.46-1.51 for the period, compared to the Thomson Reuters consensus estimate of $1.49.

5 brokerages have issued 1 year target prices for Columbia Property Trust's stock. Their forecasts range from $22.00 to $24.00. On average, they expect Columbia Property Trust's share price to reach $22.60 in the next year. This suggests a possible upside of 79.9% from the stock's current price. View analysts' price targets for Columbia Property Trust.

Media coverage about CXP stock has trended somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Columbia Property Trust earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutColumbia Property Trust.

Columbia Property Trust saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,479,700 shares, an increase of 18.4% from the February 27th total of 1,250,000 shares. Based on an average trading volume of 731,100 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.3% of the shares of the company are sold short. View Columbia Property Trust's Current Options Chain.

Some companies that are related to Columbia Property Trust include Gaming and Leisure Properties (GLPI), Federal Realty Investment Trust (FRT), Healthcare Trust Of America (HTA), Vereit (VER), Douglas Emmett (DEI), Store Capital (STOR), Apartment Investment and Management (AIV), CubeSmart (CUBE), Lamar Advertising (LAMR), Kimco Realty (KIM), Rexford Industrial Realty (REXR), Life Storage (LSI), JBG SMITH Properties (JBGS), CoreSite Realty (COR) and American Campus Communities (ACC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbia Property Trust investors own include Stag Industrial (STAG), Walmart (WMT), Cisco Systems (CSCO), Alexandria Real Estate Equities (ARE), Catchmark Timber Trust (CTT), PS Business Parks (PSB), New Senior Investment Group (SNR), Twitter (TWTR), Vereit (VER) and Wells Fargo & Co (WFC).

Columbia Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXP."

Columbia Property Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wealth Quarterback LLC (172.08%), Cohen & Steers Inc. (6.76%), State Street Corp (3.46%), Goldman Sachs Group Inc. (2.75%), Jennison Associates LLC (1.78%) and Geode Capital Management LLC (1.65%). Company insiders that own Columbia Property Trust stock include E Nelson Mills, Francis X Jr Wentworth, Jeffrey K Gronning, John L Dixon and Kevin A Hoover. View institutional ownership trends for Columbia Property Trust.

CXP stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., State Street Corp, Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., Mesirow Financial Investment Management Equity Management, Sei Investments Co., Renaissance Technologies LLC, and Barclays PLC. View insider buying and selling activity for Columbia Property Trust.

CXP stock was purchased by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Norges Bank, Prudential Financial Inc., Marshall Wace LLP, HGI Capital Management LLC, Jennison Associates LLC, Nuveen Asset Management LLC, and Bank of New York Mellon Corp. Company insiders that have bought Columbia Property Trust stock in the last two years include E Nelson Mills, Francis X Jr Wentworth, Jeffrey K Gronning, John L Dixon, and Kevin A Hoover. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of CXP stock can currently be purchased for approximately $12.56.

Columbia Property Trust has a market capitalization of $1.45 billion and generates $288.84 million in revenue each year. The real estate investment trust earns $9.20 million in net income (profit) each year or $1.50 on an earnings per share basis.  View additional information about Columbia Property Trust.

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

Columbia Property Trust's mailing address is 315 Park Avenue South, New York NY, 10010. The real estate investment trust can be reached via phone at 212-687-0800 or via email at [email protected]