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

$12.56
+0.37 (+3.04 %)
(As of 03/29/2020 02:32 AM ET)
Today's Range
$10.99
Now: $12.56
$12.93
50-Day Range
$8.00
MA: $17.88
$22.47
52-Week Range
$7.63
Now: $12.56
$23.13
Volume2.29 million shs
Average Volume1.35 million shs
Market Capitalization$1.45 billion
P/E Ratio157.02
Dividend Yield6.89%
Beta0.88
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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Columbia Property Trust logo

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-687-0800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$288.84 million
Cash Flow$0.98 per share
Book Value$22.49 per share

Profitability

Net Income$9.20 million

Miscellaneous

EmployeesN/A
Market Cap$1.45 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Columbia Property Trust (NYSE:CXP) Frequently Asked Questions

How has Columbia Property Trust's stock been impacted by COVID-19 (Coronavirus)?

Columbia Property Trust's stock was trading at $15.60 on March 11th, 2020 when Coronavirus (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.

Do Wall Street analysts recommend investors buy shares of Columbia Property Trust?

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.

When is Columbia Property Trust's next earnings date?

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.

How were Columbia Property Trust's earnings last quarter?

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

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

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

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 EPS estimate of $1.49.

What price target have analysts set for CXP?

5 Wall Street analysts have issued 1-year price objectives for Columbia Property Trust's stock. Their forecasts range from $22.00 to $24.00. On average, they expect Columbia Property Trust's stock 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.

Has Columbia Property Trust been receiving favorable news coverage?

Media coverage about CXP stock has been trending negative recently, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing 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 daily sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutColumbia Property Trust.

Are investors shorting Columbia 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 short-interest ratio is currently 2.0 days. Currently, 1.3% of the company's shares 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 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).

Who are Columbia Property Trust's key executives?

Columbia Property Trust's management team includes the following 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

What is Columbia Property Trust's stock symbol?

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

Who are Columbia Property Trust's major shareholders?

Columbia Property Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.

Which institutional investors are selling Columbia Property Trust stock?

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.

Which institutional investors are buying Columbia Property Trust stock?

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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Columbia Property Trust's stock price today?

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

How big of a company is Columbia Property Trust?

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.

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 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]


MarketBeat Community Rating for Columbia Property Trust (NYSE CXP)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  269 (Vote Outperform)
Underperform Votes:  343 (Vote Underperform)
Total Votes:  612
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 3/29/2020 by MarketBeat.com Staff

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