About Columbia Property Trust (NYSE:CXP)
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:
Capitalization:- Market Cap: $2.58 billion
- Outstanding Shares: 121,235,000
Average Prices:- 50 Day Moving Avg: $21.35
- 200 Day Moving Avg: $21.85
- 52 Week Range: $20.27 - $23.48
P/E:- Trailing P/E Ratio: 18.65
- Foreward P/E Ratio: 81.77
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $376.05 million
- Price / Sales: 6.85
- Book Value: $20.66 per share
- Price / Book: 1.03
Dividend:- Annual Dividend: $0.80
- Dividend Yield: 3.7%
Profitability:- EBITDA: $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: 572,612 shs.
- Beta: 1.17
- 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. Shareholders 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 3.76%. The ex-dividend date of this dividend 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 has initiated a stock repurchase plan on Wednesday, August 9th 2017, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were Columbia Property Trust's earnings last quarter?
Columbia Property Trust, Inc. (NYSE:CXP) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.01. The firm earned $74.86 million during the quarter, compared to the consensus estimate of $79.51 million. Columbia Property Trust had a return on equity of 5.55% and a net margin of 37.27%. Columbia Property Trust's revenue for the quarter was down 41.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. 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 brokerages have issued 12 month target prices for Columbia Property Trust's shares. Their predictions range from $21.00 to $26.00. On average, they expect Columbia Property Trust's share price to reach $23.80 in the next twelve months. 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 DuPont Fabros Technology (DFT), SEGRO plc (SGRO), Biomed Realty Trust (BMR), STORE Capital Corporation (STOR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN), Intu Properties PLC (INTU), 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), Workspace Group plc (WKP) and Global Net Lease (GNL).
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
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 $21.26.
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.
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 (11.95% upside) |
Consensus Price Target History for Columbia Property Trust (NYSE:CXP)
Analysts' Ratings History for Columbia Property Trust (NYSE:CXP)
Show:
| 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 | |
(Data available from 10/20/2015 forward)
Earnings History for Columbia Property Trust (NYSE:CXP)Earnings History by Quarter for Columbia Property Trust (NYSE CXP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | | | | | | N/A | |
| 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 | |
| 2/11/2014 | Q413 | $0.10 | $0.10 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Columbia Property Trust (NYSE:CXP)2017 EPS Consensus Estimate: $1.22
2018 EPS Consensus Estimate: $1.46
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.25 | $0.28 | $0.27 |
| Q2 2017 | 2 | $0.28 | $0.28 | $0.28 |
| Q3 2017 | 2 | $0.31 | $0.33 | $0.32 |
| Q4 2017 | 2 | $0.30 | $0.40 | $0.35 |
| Q1 2018 | 2 | $0.34 | $0.37 | $0.36 |
| Q2 2018 | 2 | $0.35 | $0.38 | $0.37 |
| Q3 2018 | 2 | $0.34 | $0.39 | $0.37 |
| Q4 2018 | 2 | $0.35 | $0.39 | $0.37 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Columbia Property Trust (NYSE:CXP)| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 3.76% |
| 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)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/7/2017 | quarterly | $0.20 | 3.69% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/3/2017 | quarterly | $0.20 | 3.6% | 5/30/2017 | 6/1/2017 | 6/15/2017 |
| 2/10/2017 | quarterly | $0.20 | 3.48% | 2/27/2017 | 3/1/2017 | 3/15/2017 |
| 11/11/2016 | quarterly | $0.30 | 5.71% | 11/29/2016 | 12/1/2016 | 1/5/2017 |
| 8/9/2016 | quarterly | $0.30 | 4.94% | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/3/2016 | quarterly | $0.30 | 5.33% | 5/27/2016 | 6/1/2016 | 6/15/2016 |
| 2/11/2016 | Quarterly | $0.30 | | 2/26/2016 | 3/1/2016 | 3/15/2016 |
| 11/6/2015 | Quarterly | $0.30 | | 11/27/2015 | 12/1/2015 | 1/6/2016 |
| 8/7/2015 | quarterly | $0.30 | 5.07% | 8/28/2015 | 9/1/2015 | 9/15/2015 |
| 5/6/2015 | quarterly | $0.30 | 4.56% | 5/28/2015 | 6/1/2015 | 6/16/2015 |
| 2/13/2015 | quarterly | $0.30 | 4.62% | 2/26/2015 | 3/2/2015 | 3/17/2015 |
| 11/3/2014 | quarterly | $0.30 | 4.77% | 11/28/2014 | 12/2/2014 | 12/16/2014 |
| 8/7/2014 | quarterly | $0.30 | 4.83% | 8/28/2014 | 9/2/2014 | 9/16/2014 |
| 5/9/2014 | quarterly | $0.30 | 4.12% | 5/29/2014 | 6/2/2014 | 6/17/2014 |
| 2/20/2014 | quarterly | $0.30 | 4.92% | 2/27/2014 | 3/3/2014 | 3/18/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Columbia Property Trust (NYSE:CXP)Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 64.89%
Insider Trades by Quarter for Columbia Property Trust (NYSE:CXP)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Columbia Property Trust (NYSE:CXP)
Latest Headlines for Columbia Property Trust (NYSE:CXP)
| Source: |
|
| Date | Headline |
|---|
 | Columbia Property Trust, Inc. (CXP) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - October 18 at 11:20 AM |
| Columbia Property Trust, Inc. (CXP) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - October 18 at 3:23 AM |
 | Columbia Property Trust and partner buy 1800 M for $421 million
finance.yahoo.com - October 12 at 6:30 PM |
| Columbia Property Trust Expands in Washington, D.C. with Acquisition of 1800 M Street
finance.yahoo.com - October 11 at 7:14 PM |
| Columbia Property Trust Increases its Midtown South Presence with Two Chelsea Acquisitions
finance.yahoo.com - October 11 at 7:14 PM |
| Columbia Property Trust (CXP) versus Vornado Realty Trust (VNO) Head to Head Analysis
www.americanbankingnews.com - October 5 at 2:26 PM |
| Comparing Realty Income Corporation (O) & Columbia Property Trust (CXP)
www.americanbankingnews.com - October 5 at 9:46 AM |
| Columbia Property Trust (CXP) & Its Peers Head to Head Comparison
www.americanbankingnews.com - October 3 at 6:22 AM |
| Critical Survey: Columbia Property Trust (CXP) vs. Federal Realty Investment Trust (FRT)
www.americanbankingnews.com - October 1 at 4:34 AM |
| Columbia Property Trust, Inc. (CXP) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 23 at 9:10 AM |
| Columbia Property Trust Announces the Date of its 2017 Third Quarter Results and Conference Call Information
finance.yahoo.com - September 22 at 4:46 PM |
| Columbia Property Trust Renews DLA Piper in 119,000 Square Feet at University Circle in Palo Alto
finance.yahoo.com - September 21 at 5:44 PM |
 | 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. (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 Is Undervalued
seekingalpha.com - June 13 at 12:22 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, Inc. 2017 Q1 - Results - Earnings Call Slides
seekingalpha.com - April 27 at 10:13 PM |
 | Columbia reports 1Q results
marketbeat.com - April 27 at 5:55 PM |
 | West Coast developer: 'Houston is just too big to ignore'
www.bizjournals.com - March 14 at 6:13 PM |
| Columbia Property Trust (CXP) Agrees to Purchase 149 Madison Avenue in Manhattan, NY - StreetInsider.com
www.streetinsider.com - March 12 at 4:27 PM |
| Columbia Property Trust (CXP) Agrees to Purchase 149 Madison Avenue in Manhattan, NY
www.streetinsider.com - March 10 at 5:44 PM |
| Columbia Property Trust adds to NYC holdings
seekingalpha.com - March 9 at 5:11 PM |
| COLUMBIA PROPERTY TRUST, INC. Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - March 1 at 1:12 PM |
Columbia Property Trust (CXP) Chart for Friday, October, 20, 2017
