Schroder Investment Management Group Acquires 180,951 Shares of Columbia Property Trust (CXP)

Schroder Investment Management Group grew its holdings in Columbia Property Trust (NYSE:CXP) by 29.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 787,576 shares of the real estate investment trust’s stock after buying an additional 180,951 shares during the period. Schroder Investment Management Group owned approximately 0.67% of Columbia Property Trust worth $18,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. CWM LLC lifted its holdings in shares of Columbia Property Trust by 108.2% in the 3rd quarter. CWM LLC now owns 4,570 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 2,375 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Columbia Property Trust by 1,273.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,367 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 7,758 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Columbia Property Trust in the 3rd quarter worth about $263,000. Creative Planning lifted its holdings in shares of Columbia Property Trust by 28.2% in the 3rd quarter. Creative Planning now owns 14,323 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 3,153 shares during the last quarter. Finally, Commonwealth Bank of Australia bought a new stake in shares of Columbia Property Trust in the 3rd quarter worth about $425,000. 75.64% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.20.

Columbia Property Trust stock opened at $21.47 on Friday. The stock has a market capitalization of $2.53 billion, a PE ratio of 14.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.92. Columbia Property Trust has a 12-month low of $19.55 and a 12-month high of $25.07.

Columbia Property Trust (NYSE:CXP) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $73.34 million during the quarter, compared to analyst estimates of $71.86 million. Columbia Property Trust had a net margin of 1.07% and a return on equity of 0.11%. Research analysts forecast that Columbia Property Trust will post 1.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Monday, December 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.73%. Columbia Property Trust’s dividend payout ratio (DPR) is presently 70.18%.

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Columbia Property Trust Profile

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC 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.

Further Reading: When is a capital gain realized?

Institutional Ownership by Quarter for Columbia Property Trust (NYSE:CXP)

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