Columbia Property Trust (NYSE:CXP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.43-1.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44.
CXP stock traded up $0.33 during midday trading on Thursday, reaching $21.04. 816,989 shares of the company’s stock traded hands, compared to its average volume of 803,774. The stock has a market capitalization of $2,472.29, a price-to-earnings ratio of 18.46 and a beta of 1.03. Columbia Property Trust has a 1-year low of $19.55 and a 1-year high of $23.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83.
Columbia Property Trust (NYSE:CXP) last released its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.36. The company had revenue of $73.71 million during the quarter, compared to analysts’ expectations of $70.21 million. Columbia Property Trust had a return on equity of 6.94% and a net margin of 60.91%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. equities analysts expect that Columbia Property Trust will post 1.44 earnings per share for the current fiscal year.
CXP has been the subject of several research reports. Zacks Investment Research raised Columbia Property Trust from a hold rating to a buy rating and set a $23.00 target price for the company in a research note on Thursday, March 29th. BMO Capital Markets cut Columbia Property Trust to a sell rating in a research note on Tuesday, February 27th. Finally, SunTrust Banks set a $22.00 target price on Columbia Property Trust and gave the company a hold rating in a research note on Monday, January 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $23.17.
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 operating properties with over nine million square feet, as well as one property under redevelopment. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.
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