Columbia Property Trust, Inc. (CXP) Receives Average Rating of “Buy” from Brokerages

Columbia Property Trust, Inc. (NYSE:CXP) has earned an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $24.43.

CXP has been the subject of a number of analyst reports. JMP Securities raised shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Monday, October 30th. Zacks Investment Research raised 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 research note on Wednesday, November 22nd.

Shares of Columbia Property Trust (NYSE:CXP) opened at $22.00 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.59 and a current ratio of 3.59. Columbia Property Trust has a 1 year low of $20.37 and a 1 year high of $23.48. The firm has a market cap of $2,648.86, a PE ratio of 18.58 and a beta of 1.17.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.26. Columbia Property Trust had a net margin of 63.37% and a return on equity of 8.10%. The business had revenue of $60.36 million during the quarter, compared to the consensus estimate of $75.43 million. During the same quarter in the prior year, the firm earned $0.37 EPS. research analysts expect that Columbia Property Trust will post 1.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, November 30th. Columbia Property Trust’s payout ratio is 47.62%.

A number of institutional investors have recently bought and sold shares of CXP. TLP Group LLC acquired a new position in Columbia Property Trust during the 2nd quarter valued at about $150,000. SG Americas Securities LLC boosted its stake in Columbia Property Trust by 0.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,839 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 51 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Columbia Property Trust by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,249 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 701 shares during the period. First Allied Advisory Services Inc. lifted its stake in shares of Columbia Property Trust by 3.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 9,311 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 296 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Columbia Property Trust in the 2nd quarter worth approximately $213,000. 67.39% of the stock is owned by hedge funds and other institutional investors.

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Columbia Property Trust Company Profile

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.

Analyst Recommendations for Columbia Property Trust (NYSE:CXP)

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