Columbia Property Trust (NYSE:CXP) has received a consensus recommendation of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.67.
Separately, Zacks Investment Research lowered shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday.
Several large investors have recently modified their holdings of CXP. Private Advisor Group LLC boosted its position in Columbia Property Trust by 252.2% during the 3rd quarter. Private Advisor Group LLC now owns 57,745 shares of the real estate investment trust’s stock valued at $1,365,000 after buying an additional 41,350 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position 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 purchasing an additional 7,758 shares during the period. CWM LLC lifted its position 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 purchasing an additional 2,375 shares during the period. Barings LLC purchased a new stake in shares of Columbia Property Trust in the 3rd quarter worth about $466,000. Finally, Creative Planning lifted its position 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 purchasing an additional 3,153 shares during the period. 75.63% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Property Trust stock traded down $0.18 during midday trading on Friday, hitting $21.96. 8,160 shares of the stock were exchanged, compared to its average volume of 984,253. Columbia Property Trust has a 52-week low of $19.55 and a 52-week high of $25.07. The stock has a market cap of $2.66 billion, a PE ratio of 19.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.92 and a current ratio of 1.92.
Columbia Property Trust (NYSE:CXP) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $73.34 million for 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%. As a group, analysts predict that Columbia Property Trust will post 1.51 EPS for the current fiscal year.
Columbia Property Trust Company 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.
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