Shares of Columbia Property Trust Inc (NYSE:CXP) have received an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.50.
A number of equities analysts have commented on CXP shares. Zacks Investment Research cut Columbia Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $25.00 price target on shares of Columbia Property Trust in a research note on Tuesday, January 9th. JMP Securities raised Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, October 30th. SunTrust Banks set a $22.00 price target on Columbia Property Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 price target on shares of Columbia Property Trust in a research note on Thursday, December 14th.
In related news, Director Richard W. Carpenter purchased 5,750 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were acquired at an average cost of $22.97 per share, with a total value of $132,077.50. Following the purchase, the director now directly owns 20,298 shares of the company’s stock, valued at $466,245.06. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.
Shares of Columbia Property Trust (NYSE:CXP) opened at $21.73 on Tuesday. The firm has a market capitalization of $2,605.38, a P/E ratio of 14.99 and a beta of 1.05. Columbia Property Trust has a 12-month low of $20.01 and a 12-month high of $23.44. 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 Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The company had revenue of $71.63 million during the quarter, compared to the consensus estimate of $64.63 million. Columbia Property Trust had a return on equity of 6.94% and a net margin of 60.91%. Columbia Property Trust’s quarterly revenue was down 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. analysts expect that Columbia Property Trust will post 1.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.68%. Columbia Property Trust’s dividend payout ratio (DPR) is currently 55.17%.
COPYRIGHT VIOLATION NOTICE: “Columbia Property Trust Inc (CXP) Given Average Recommendation of “Hold” by Analysts” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2018/02/20/columbia-property-trust-inc-cxp-given-average-recommendation-of-hold-by-analysts.html.
About Columbia Property Trust
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.
Receive News & Ratings for Columbia Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.