Columbia Property Trust Inc. (NYSE:CXP) has a beta value of 1.27 and has seen 4.01 million shares traded in the last trading session. The company, currently valued at $2.19B, closed the last trade at $19.01 per share which meant it lost -$0.01 on the day or -0.05% during that session. The CXP stock price is -2.52% off its 52-week high price of $19.49 and 46.82% above the 52-week low of $10.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.08 million shares traded. The 3-month trading volume is 1.85 million shares.
Sporting -0.05% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/28/21 when the CXP stock price touched $19.01 or saw a rise of 0.47%. Year-to-date, Columbia Property Trust Inc. shares have moved 32.57%, while the 5-day performance has seen it change -0.16%. Over the past 30 days, the shares of Columbia Property Trust Inc. (NYSE:CXP) have changed 10.72%. Short interest in the company has seen 1.43 million shares shorted with days to cover at 2.24.
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Wall Street analysts have a consensus price target for the stock at $18.71, which means that the shares’ value could drop -1.6% from current levels. The projected low price target is $18.00 while the price target rests at a high of $19.30. In that case, then, we find that the current price level is -1.53% off the targeted high while a plunge would see the stock lose 5.31% from current levels.
Columbia Property Trust Inc. (CXP) estimates and forecasts
Figures show that Columbia Property Trust Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 9.13% over the past 6 months, with this year growth rate of -16.45%, compared to 2.80% for the industry. Revenue growth from the last financial year stood is estimated to be -20.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of $64.39 million for the current quarter. 2 have an estimated revenue figure of $63.42 million for the next quarter concluding in Jun 2021. Year-ago sales stood $71.37 million and $70.95 million respectively for this quarter and the next, and analysts expect sales will shrink by -9.80% for the current quarter and -10.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.60% over the past 5 years.
Columbia Property Trust Inc. is expected to release its next earnings report between October 27 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.84 at a share yield of 4.42%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.67%.
Columbia Property Trust Inc. (NYSE:CXP)’s Major holders
Insiders own 1.10% of the company shares, while shares held by institutions stand at 81.87% with a share float percentage of 82.78%. Investors are also buoyed by the number of investors in a company, with Columbia Property Trust Inc. having a total of 316 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 16.64 million shares worth more than $289.41 million. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 14.48% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 11.2 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $194.7 million and represent 9.74% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. As of Apr 29, 2021, the former fund manager holds about 4.50% shares in the company for having 5.17 million shares of worth $93.2 million while later fund manager owns 3.26 million shares of worth $56.66 million as of Jun 29, 2021, which makes it owner of about 2.84% of company’s outstanding stock.