Columbia Property Trust (NYSE:CXP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Columbia Property Trust (NYSE:CXP) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,772,710 shares of the real estate investment trust’s stock after selling 14,687 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.52% of Columbia Property Trust worth $36,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CXP. Russell Investments Group Ltd. boosted its position in Columbia Property Trust by 313.9% in the second quarter. Russell Investments Group Ltd. now owns 824,582 shares of the real estate investment trust’s stock valued at $17,071,000 after buying an additional 625,346 shares during the last quarter. Schroder Investment Management Group lifted its stake in Columbia Property Trust by 4.7% during the 2nd quarter. Schroder Investment Management Group now owns 628,437 shares of the real estate investment trust’s stock valued at $13,034,000 after acquiring an additional 28,058 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Columbia Property Trust by 51.8% in the 2nd quarter. Centersquare Investment Management LLC now owns 4,120,411 shares of the real estate investment trust’s stock valued at $85,458,000 after acquiring an additional 1,406,048 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Columbia Property Trust in the 2nd quarter valued at $340,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Columbia Property Trust by 8.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,685 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 1,705 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Shares of CXP opened at $21.77 on Wednesday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 14.01 and a beta of 0.92. Columbia Property Trust has a 52 week low of $18.08 and a 52 week high of $24.29. The stock’s 50-day moving average price is $21.41 and its 200-day moving average price is $21.85. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.43.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Columbia Property Trust had a return on equity of 2.28% and a net margin of 21.11%. The company had revenue of $72.73 million during the quarter, compared to analysts’ expectations of $70.73 million. During the same period last year, the business earned $0.39 earnings per share. Columbia Property Trust’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Columbia Property Trust will post 1.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 3.67%. Columbia Property Trust’s dividend payout ratio is presently 51.28%.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Columbia Property Trust from a “buy” rating to a “hold” rating in a report on Monday, August 19th. BMO Capital Markets set a $23.00 price target on Columbia Property Trust and gave the stock a “buy” rating in a research report on Friday, July 26th.

About Columbia Property Trust

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.

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

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