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
Industry Commercial REITs
Trailing P/E Ratio14.4
Forward P/E Ratio14.54
Sales & Book Value
Annual Sales$289 million
Price / Sales8.69
Cash Flow$2.41 per share
Price / Cash8.68
Book Value$21.13 per share
Price / Book0.99
Net Income$176.04 million
Return on Equity6.94%
Return on Assets4.17%
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, February 7th. Investors of record on Thursday, March 1st will be given a dividend of $0.20 per share on Thursday, March 15th. This represents a $0.80 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, 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 of Directors has authorized a stock repurchase plan 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 plans are usually an indication that the company's management believes its shares are undervalued.
How were Columbia Property Trust's earnings last quarter?
Columbia Property Trust Inc (NYSE:CXP) posted its quarterly earnings data on Thursday, February, 15th. The real estate investment trust reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The real estate investment trust had revenue of $71.63 million for the quarter, compared to analysts' expectations of $64.63 million. Columbia Property Trust had a return on equity of 6.94% and a net margin of 60.91%. The business's quarterly revenue was down 32.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. View Columbia Property Trust's Earnings History.
When will Columbia Property Trust make its next earnings announcement?
What guidance has Columbia Property Trust issued on next quarter's earnings?
Columbia Property Trust updated its FY18 earnings guidance on Thursday, February, 15th. The company provided earnings per share (EPS) guidance of $1.41-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.42.
Where is Columbia Property Trust's stock going? Where will Columbia Property Trust's stock price be in 2018?
6 equities research analysts have issued 12 month price objectives for Columbia Property Trust's stock. Their forecasts range from $21.00 to $26.00. On average, they expect Columbia Property Trust's share price to reach $23.50 in the next year. View Analyst Ratings for Columbia Property Trust.
Are investors shorting Columbia Property Trust?
Columbia Property Trust saw a increase in short interest in February. As of February 28th, there was short interest totalling 2,577,263 shares, an increase of 56.8% from the February 15th total of 1,644,074 shares. Based on an average daily trading volume, of 917,931 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.1% of the shares of the company are sold short.
Who are some of Columbia Property Trust's key competitors?
Some companies that are related to Columbia Property Trust include Store Capital (STOR), Equity One (EQY), EPR Properties (EPR), Cousins Properties (CUZ), Hammerson (HMSO), Derwent London (DLN), PS Business Parks (PSB), Shaftesbury (SHB), NRF Holdco (NRF), Empire State Realty Trust (ESRT), Intu Properties (INTU), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Select Income REIT (SIR), Workspace Group (WKP), American Assets Trust (AAT), Government Properties Income Trust (GOV) and Seritage Growth Properties (SRG).
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 (Age 56)
- James A. Fleming, Chief Financial Officer, Executive Vice President (Age 58)
- Wendy W. Gill CPA, Senior Vice President - Corporate Operations and Chief Accounting Officer (Age 42)
- Kevin A. Hoover, Senior Vice President - Portfolio Management (Age 52)
- John L. Dixon, Non-Executive Independent Chairman of the Board (Age 74)
- Carmen M. Bowser, Independent Director (Age 62)
- Charles R. Brown, Independent Director (Age 78)
- Richard W. Carpenter, Independent Director (Age 80)
- David B. Henry, Independent Director (Age 69)
Who owns Columbia Property Trust stock?
Columbia Property Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.25%), Cbre Clarion Securities LLC (3.29%), Bank of New York Mellon Corp (3.05%), Glenmede Trust Co. NA (1.62%), Schwab Charles Investment Management Inc. (1.22%) and Geode Capital Management LLC (1.01%). Company insiders that own Columbia Property Trust stock include Richard W Carpenter and Thomas G Wattles. View Institutional Ownership Trends for Columbia Property Trust.
Who sold Columbia Property Trust stock? Who is selling Columbia Property Trust stock?
Columbia Property Trust's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Alliancebernstein L.P., Wells Fargo & Company MN, Private Advisor Group LLC, Financial Advisors Network Inc., Millennium Management LLC, QS Investors LLC and Martingale Asset Management L P. View Insider Buying and Selling for Columbia Property Trust.
Who bought Columbia Property Trust stock? Who is buying Columbia Property Trust stock?
Columbia Property Trust's stock was bought by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Mesirow Financial Investment Management Equity Management, Jennison Associates LLC, American Century Companies Inc., Schroder Investment Management Group, Mackenzie Financial Corp, Glenmede Trust Co. NA and Dean Investment Associates LLC. 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 Columbia Property Trust stock?
Shares of Columbia Property Trust 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 Columbia Property Trust stock can currently be purchased for approximately $20.94.
How big of a company is Columbia Property Trust?
Columbia Property Trust has a market capitalization of $2.50 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 $1.45 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 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.
Columbia Property Trust (NYSE:CXP) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Buy||Buy||Buy|
|Consensus Rating Score: ||2.17||2.50||2.63||2.57|
|Ratings Breakdown: ||1 Sell Rating(s)|
3 Hold Rating(s)
2 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)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$23.50||$23.50||$23.86||$23.80|
|Price Target Upside: ||12.23% upside||7.80% upside||6.13% upside||7.01% upside|
Columbia Property Trust (NYSE:CXP) Consensus Price Target History
Columbia Property Trust (NYSE:CXP) Analyst Ratings History
(Data available from 3/16/2016 forward)
Columbia Property Trust (NYSE:CXP) Earnings History and Estimates Chart
Columbia Property Trust (NYSE CXP) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2018||Q4 2017||($0.03)||($0.01)||$64.63 million||$71.63 million||View||Listen|
|10/26/2017||Q3 2017||$0.02||$0.28||$75.43 million||$60.36 million||View||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|
|2/12/2015||Q4 2014||$0.48||$0.46||$137.89 million||View||N/A|
|10/30/2014||Q3 2014||$0.48||$0.20||$132.60 million||$136.98 million||View||N/A|
|8/7/2014||Q2 2014||$0.49||$0.07||$129.70 million||$136.76 million||View||N/A|
|5/8/2014||Q1 2014||$0.47||$0.03||$129.17 million||View||N/A|
|11/5/2013||Q3 2013||$0.04||$150.00 million||View||N/A|
|8/6/2013||Q2 2013||$0.15||$149.22 million||View||N/A|
|5/8/2013||Q1 2013||($0.24)||$145.80 million||View||N/A|
Columbia Property Trust (NYSE:CXP) Earnings Estimates
2018 EPS Consensus Estimate: $1.48
2019 EPS Consensus Estimate: $1.47
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Columbia Property Trust (NYSE:CXP) Dividend Information
|Most Recent Dividend:||3/15/2018|
|Dividend Growth:||-9.10% (3 Year Average)|
|Payout Ratio:||55.17% (Trailing 12 Months of Earnings) |
55.56% (Based on This Year's Estimates)
54.05% (Based on Next Year's Estimates)
Columbia Property Trust (NYSE:CXP) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Columbia Property Trust (NYSE CXP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 70.93%
Columbia Property Trust (NYSE CXP) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|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|| |
Columbia Property Trust (NYSE CXP) News Headlines
|Columbia Property Trust Inc (CXP) Short Interest Up 56.8% in February|
www.americanbankingnews.com - March 16 at 2:58 AM
|Analyzing Annaly Commercial Real Estate Group (CXS) & Columbia Property Trust (CXP)|
www.americanbankingnews.com - March 11 at 5:28 PM
|540,200 Shares in Columbia Property Trust Inc (CXP) Purchased by Mackenzie Financial Corp|
www.americanbankingnews.com - March 6 at 12:08 PM
|First Trust Advisors LP Has $7.73 Million Position in Columbia Property Trust Inc (CXP)|
www.americanbankingnews.com - March 5 at 9:40 AM
|Arrowstreet Capital Limited Partnership Has $5.35 Million Stake in Columbia Property Trust Inc (CXP)|
www.americanbankingnews.com - March 4 at 4:32 AM
|Bank of New York Mellon Corp Has $83.85 Million Stake in Columbia Property Trust Inc (CXP)|
www.americanbankingnews.com - March 3 at 4:42 AM
|Columbia Property Trust Inc Expected to Earn Q1 2019 Earnings of $0.37 Per Share (CXP)|
www.americanbankingnews.com - March 2 at 3:20 PM
|Martingale Asset Management L P Has $3.10 Million Stake in Columbia Property Trust Inc (CXP)|
www.americanbankingnews.com - March 2 at 12:16 PM
|Columbia Property Trust (CXP) Presents At Wells Fargo 21st Annual Real Estate Securities Conference - Slideshow|
seekingalpha.com - February 28 at 5:00 PM
|Columbia Property Trust Inc (CXP) Stake Lifted by California Public Employees Retirement System|
www.americanbankingnews.com - February 28 at 5:24 AM
|Schroder Investment Management Group Buys 547,816 Shares of Columbia Property Trust Inc (CXP)|
www.americanbankingnews.com - February 27 at 11:52 AM
|BMO Capital Markets Downgrades Columbia Property Trust (CXP) to Sell|
www.americanbankingnews.com - February 27 at 8:22 AM
|Cbre Clarion Securities LLC Invests $90.58 Million in Columbia Property Trust Inc (CXP) Stock|
www.americanbankingnews.com - February 26 at 1:02 PM
|Equities Analysts Offer Predictions for Columbia Property Trust Inc's Q3 2018 Earnings (CXP)|
www.americanbankingnews.com - February 26 at 5:10 AM
|Columbia Property Trust Inc (CXP) Shares Sold by Citadel Advisors LLC|
www.americanbankingnews.com - February 24 at 2:20 PM
|Columbia Property Trust Inc (CXP) Forecasted to Earn FY2018 Earnings of $1.42 Per Share|
www.americanbankingnews.com - February 23 at 12:50 PM
|Head to Head Analysis: Columbia Property Trust (CXP) versus American Assets Trust (AAT)|
www.americanbankingnews.com - February 23 at 12:21 PM
|Columbia Property Trust Inc (CXP) to Issue Quarterly Dividend of $0.20|
www.americanbankingnews.com - February 23 at 9:22 AM
|Columbia Property Trust Inc (CXP) Receives Consensus Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - February 20 at 2:54 PM
|Columbia Property Trust (CXP) Announces Quarterly Earnings Results|
www.americanbankingnews.com - February 16 at 10:56 AM
|BRIEF-Columbia Property Trust Files For Potential Mixed Shelf Offering|
www.reuters.com - February 16 at 9:08 AM
|Columbia Property Trust beats by $0.01, misses on revenue|
seekingalpha.com - February 16 at 9:08 AM
|BMO Capital Markets Reiterates "Buy" Rating for Columbia Property Trust (CXP)|
www.americanbankingnews.com - February 16 at 12:28 AM
|Columbia Property Trust (CXP) Issues FY18 Earnings Guidance|
www.americanbankingnews.com - February 15 at 5:46 PM
|Report: Developing Opportunities within Duke Energy, Dana, Columbia Property Trust, Rayonier Advanced Materials, Microchip Technology, and Cerner — Future Expectations, Projections Moving into 2018|
finance.yahoo.com - February 14 at 9:10 AM
|Columbia Property Trust (CXP) Declares $0.20 Quarterly Dividend; 3.8% Yield|
www.streetinsider.com - February 9 at 9:13 AM
|Columbia Property Trust Declares First Quarter Dividend|
finance.yahoo.com - February 8 at 8:54 AM
|Columbia Property Trust (CXP) to Release Earnings on Thursday|
www.americanbankingnews.com - February 8 at 1:40 AM
|Columbia Property Trust Announces Tax Treatment of 2017 Distributions|
finance.yahoo.com - February 7 at 9:13 AM
|Columbia Property Trust Inc (CXP) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - January 26 at 8:54 AM
|Traders Purchase Large Volume of Columbia Property Trust Call Options (CXP)|
www.americanbankingnews.com - January 25 at 2:14 AM
|Comparing Columbia Property Trust (CXP) & Seritage Growth Properties (SRG)|
www.americanbankingnews.com - January 20 at 5:18 PM
|CD 2017-CD3 Mortgage Trust -- Moody's Affirms Eight Classes of CD 2017-CD3|
finance.yahoo.com - January 19 at 5:42 PM
|Zacks Investment Research Downgrades Columbia Property Trust (CXP) to Hold|
www.americanbankingnews.com - January 18 at 10:54 PM
|Columbia Property Trust (CXP) Upgraded to Buy at Zacks Investment Research|
www.americanbankingnews.com - January 18 at 12:08 AM
|Columbia Property Trust (CXP) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - January 11 at 10:28 PM
|Columbia Property Trust Signs 34,100 SF Lease with PitchBook for Two Full Floors at 315 Park Avenue South|
finance.yahoo.com - January 11 at 5:18 PM
|Columbia Property Trust (CXP) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - January 7 at 8:12 PM
|Comparing Cole Real Estate Investments (COLE) & Columbia Property Trust (CXP)|
www.americanbankingnews.com - January 1 at 3:12 PM
|Columbia Property Trust Inc (CXP) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - January 1 at 7:54 AM
|Critical Review: Columbia Property Trust (CXP) vs. Washington Real Estate Investment Trust (WRE)|
www.americanbankingnews.com - December 29 at 1:58 AM
|Welltower Rides on Growth Curve With Strategic Developments|
finance.yahoo.com - December 28 at 9:02 AM
|Chatham Lodging Sells Hilton Carlsbad's Homewood Suites|
finance.yahoo.com - December 22 at 9:05 PM
|Columbia Property Trust, Inc. (CXP) Director Purchases $132,077.50 in Stock|
www.americanbankingnews.com - December 20 at 6:04 PM
|Terreno (TRNO) Buys Industrial Asset in Gardena for $37.6M|
finance.yahoo.com - December 19 at 9:40 AM
|Columbia Property Trust Target of Unusually Large Options Trading (CXP)|
www.americanbankingnews.com - December 18 at 4:40 AM
|2 Small-Cap REITs Poised To Pop|
finance.yahoo.com - December 15 at 5:44 PM
|Contrasting Columbia Property Trust (CXP) & Liberty Property Trust (LPT)|
www.americanbankingnews.com - December 15 at 10:12 AM
|HBJ’s 2017 Deals of the Year: Commercial Real Estate|
www.bizjournals.com - December 14 at 5:45 PM
|Columbia Property Trust (CXP) Earns Equal Weight Rating from Morgan Stanley|
www.americanbankingnews.com - December 14 at 11:14 AM
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 Friday, March, 16, 2018