Columbia Property Trust (CXP) to Release Earnings on Thursday

Columbia Property Trust (NYSE:CXP) is set to release its earnings data after the market closes on Thursday, February 15th. Analysts expect Columbia Property Trust to post earnings of ($0.03) per share for the quarter.

Columbia Property Trust (CXP) opened at $20.84 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.59 and a current ratio of 3.59. Columbia Property Trust has a 52 week low of $20.37 and a 52 week high of $23.48. The firm has a market capitalization of $2,520.00, a price-to-earnings ratio of 12.52 and a beta of 1.05.

Several brokerages have weighed in on CXP. SunTrust Banks set a $22.00 price objective on Columbia Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded Columbia Property Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 10th. BMO Capital Markets restated a “buy” rating and set a $25.00 price objective on shares of Columbia Property Trust in a research note on Tuesday, January 9th. Morgan Stanley restated an “equal weight” rating and set a $22.00 price objective on shares of Columbia Property Trust in a research note on Thursday, December 14th. Finally, JMP Securities upgraded Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.57.

In other Columbia Property Trust news, Director Richard W. Carpenter bought 5,750 shares of the stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of $22.97 per share, for a total transaction of $132,077.50. Following the purchase, the director now directly owns 20,298 shares of the company’s stock, valued at approximately $466,245.06. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.

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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.

Earnings History for Columbia Property Trust (NYSE:CXP)

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