Columbia Property Trust (NYSE:CXP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Columbia Property Trust, Inc. operates as a real estate investment trust. It focuses on the acquisition, development, ownership, leasing and operation of office properties in primary U.S. markets. Columbia Property Trust, Inc. is headquartered in Atlanta, GA. “

Other analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $25.00 target price on shares of Columbia Property Trust in a research note on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 target price on shares of Columbia Property Trust in a research note on Thursday, December 14th. Finally, JMP Securities raised 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Columbia Property Trust presently has a consensus rating of “Hold” and an average target price of $24.29.

Columbia Property Trust (NYSE:CXP) traded down $0.18 during midday trading on Thursday, reaching $21.74. The company had a trading volume of 643,280 shares, compared to its average volume of 806,682. Columbia Property Trust has a 1 year low of $20.37 and a 1 year high of $23.48. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,600.00, a P/E ratio of 12.94 and a beta of 1.18.

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

In related news, Director Richard W. Carpenter bought 5,750 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CXP. TLP Group LLC purchased a new position in shares of Columbia Property Trust during the 2nd quarter worth $150,000. SG Americas Securities LLC grew its holdings in shares of 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 worth $153,000 after purchasing an additional 51 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of 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 worth $207,000 after purchasing an additional 701 shares during the period. First Allied Advisory Services Inc. grew its holdings in shares of Columbia Property Trust by 3.3% during 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 purchasing an additional 296 shares during the period. Finally, Ramsey Quantitative Systems purchased a new position in shares of Columbia Property Trust during the 2nd quarter worth $307,000. 67.39% of the stock is owned by institutional investors and hedge funds.

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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.

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