Columbia Property Trust Now Covered by Oppenheimer (CXP)
Oppenheimer assumed coverage on shares of Columbia Property Trust (NYSE:CXP) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
A number of other firms have also recently commented on CXP. Analysts at Evercore Partners initiated coverage on shares of Columbia Property Trust in a research note on Monday, July 14th. They set an “equal weight” rating and a $27.00 price target on the stock. Analysts at Morgan Stanley downgraded shares of Columbia Property Trust from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 15th. They now have a $30.00 price target on the stock.
Columbia Property Trust (NYSE:CXP) traded down 0.27% on Tuesday, hitting $26.01. 374,982 shares of the company’s stock traded hands. Columbia Property Trust has a one year low of $21.76 and a one year high of $29.59. The stock’s 50-day moving average is $26.31 and its 200-day moving average is $26.1. The company has a market cap of $3.250 billion and a P/E ratio of 82.01.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.41. On average, analysts predict that Columbia Property Trust will post $0.52 earnings per share for the current fiscal year.
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