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About Columbia Property Trust (NYSE:CXP)
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 operating properties with over nine million square feet, as well as one property under redevelopment. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's. For more information, please visit www.columbia.reit.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CXP
CUSIPN/A
Phone404-465-2200
Debt
Debt-to-Equity Ratio0.58
Current Ratio1.19
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio19.02
Forward P/E Ratio14.95
P/E GrowthN/A
Sales & Book Value
Annual Sales$289 million
Price / Sales8.90
Cash Flow$2.4116 per share
Price / Cash8.99
Book Value$23.97 per share
Price / Book0.90
Profitability
EPS (Most Recent Fiscal Year)$1.14
Net Income$176.04 million
Net Margins36.65%
Return on Equity3.94%
Return on Assets2.37%
Miscellaneous
Employees94
Outstanding Shares118,600,000
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 announced a quarterly dividend on Wednesday, May 16th. Shareholders of record on Friday, June 1st will be given a dividend of $0.20 per share on Friday, June 15th. This represents a $0.80 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, May 31st. 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 authorized a share repurchase program on Wednesday, August 9th 2017, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
How were Columbia Property Trust's earnings last quarter?
Columbia Property Trust (NYSE:CXP) issued its quarterly earnings results on Thursday, April, 26th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.05. The real estate investment trust earned $73.71 million during the quarter, compared to analyst estimates of $70.21 million. Columbia Property Trust had a return on equity of 3.94% and a net margin of 36.65%. The company's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. View Columbia Property Trust's Earnings History.
When is Columbia Property Trust's next earnings date?
What guidance has Columbia Property Trust issued on next quarter's earnings?
Columbia Property Trust issued an update on its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share guidance of $1.43-1.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44.
What price target have analysts set for CXP?
5 analysts have issued 1-year target prices for Columbia Property Trust's shares. Their forecasts range from $21.00 to $26.00. On average, they anticipate Columbia Property Trust's share price to reach $23.20 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 Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Vici Properties (VICI) and Kilroy Realty (KRC).
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 of Fin. & Investor Relations
Has Columbia Property Trust been receiving favorable news coverage?
News stories about CXP stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbia Property Trust earned a coverage optimism score of 0.15 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 47.31 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Columbia Property Trust's major shareholders?
Columbia Property Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.36%), Centersquare Investment Management LLC (1.74%), Dimensional Fund Advisors LP (1.58%), Thompson Siegel & Walmsley LLC (1.54%), Schwab Charles Investment Management Inc. (1.32%) and Northern Trust Corp (1.16%). 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 Prudential Financial Inc., UBS Group AG, Mesirow Financial Investment Management Equity Management, Wells Fargo & Company MN, Quantitative Systematic Strategies LLC, California Public Employees Retirement System, Sei Investments Co. and Schroder Investment Management Group. View Insider Buying and Selling for Columbia Property Trust.
Which major investors are buying Columbia Property Trust stock?
CXP stock was acquired by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Nuveen Asset Management LLC, Westwood Holdings Group Inc., Russell Investments Group Ltd., Thompson Siegel & Walmsley LLC, Employees Retirement System of Texas, Teachers Insurance & Annuity Association of America 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 $21.68.
How big of a company is Columbia Property Trust?
Columbia Property Trust has a market capitalization of $2.57 billion and generates $289 million in revenue each year. The real estate investment trust earns $176.04 million in net income (profit) each year or $1.14 on an earnings per share basis. Columbia Property Trust employs 94 workers across the globe.
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 (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 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.
Columbia Property Trust (NYSE:CXP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Columbia Property Trust in the last 12 months. Their average twelve-month price target is $23.20, suggesting that the stock has a possible upside of 7.01%. The high price target for CXP is $26.00 and the low price target for CXP is $21.00. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Buy |
| Consensus Rating Score: | 2.20 | 2.00 | 2.50 | 2.71 |
| Ratings Breakdown: | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $23.20 | $23.20 | $23.50 | $24.1667 |
| Price Target Upside: | 7.01% upside | 8.51% upside | 10.38% upside | 12.67% upside |
Columbia Property Trust (NYSE:CXP) Consensus Price Target History
Columbia Property Trust (NYSE:CXP) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Columbia Property Trust (NYSE:CXP) Dividend Information
Columbia Property Trust pays an annual dividend of $0.80 per share, with a dividend yield of 3.69%. CXP's next quarterly dividend payment will be made on Friday, June 15. Columbia Property Trust pays out 70.18% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 3.69% |
| Dividend Growth: | -9.10% (3 Year Average) |
| Payout Ratio(s): | 70.18% (Trailing 12 Months of Earnings)
55.17% (Based on This Year's Estimates)
53.69% (Based on Next Year's Estimates)
33.17% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Columbia Property Trust (NYSE:CXP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/16/2018 | quarterly | $0.20 | 3.74% | 5/31/2018 | 6/1/2018 | 6/15/2018 |
| 2/7/2018 | Quarterly | $0.20 | 3.91% | 2/28/2018 | 3/1/2018 | 3/15/2018 |
| 11/14/2017 | quarterly | $0.20 | 3.55% | 11/30/2017 | 12/1/2017 | 1/4/2018 |
| 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)
Columbia Property Trust (NYSE CXP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.57%
Institutional Ownership Percentage: 73.40%
Columbia Property Trust (NYSE CXP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/19/2017 | Richard W Carpenter | Director | Buy | 5,750 | $22.97 | $132,077.50 | 20,298 |  |
| 8/15/2017 | Thomas G Wattles | Director | Buy | 4,700 | $21.27 | $99,969.00 | 21,166 | |
| 8/24/2015 | John L Dixon | Director | Buy | 2,000 | $21.96 | $43,920.00 | 19,747 | |
| 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)
Columbia Property Trust (NYSE CXP) News Headlines
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Columbia Property Trust (NYSE:CXP) SEC Filings
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Columbia Property Trust (NYSE:CXP) Income Statement, Balance Sheet and Cash Flow Statement
Columbia Property Trust (NYSE CXP) Stock Chart for Wednesday, May, 23, 2018
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