Columbia Property Trust Inc. (NYSE:CXP)’s share price rose 2.2% during mid-day trading on Friday . The company traded as high as $23.04 and last traded at $22.92, with a volume of 692,325 shares trading hands. The stock had previously closed at $22.42.

CXP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. BMO Capital Markets restated a “hold” rating on shares of Columbia Property Trust in a research report on Friday, April 29th. Finally, TheStreet upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.29.

The firm has a market cap of $2.83 billion and a price-to-earnings ratio of 62.62. The company has a 50 day moving average of $21.72 and a 200-day moving average of $21.68.

Columbia Property Trust (NYSE:CXP) last released its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The business had revenue of $126.58 million for the quarter, compared to the consensus estimate of $132.19 million. Columbia Property Trust’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. On average, equities research analysts expect that Columbia Property Trust Inc. will post $0.20 EPS for the current fiscal year.

A number of institutional investors have added to or reduced their stakes in CXP. Dimensional Fund Advisors LP raised its position in Columbia Property Trust by 34.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,145,303 shares of the real estate investment trust’s stock valued at $26,893,000 after buying an additional 290,448 shares during the period. I.G. Investment Management LTD. raised its position in Columbia Property Trust by 0.5% in the fourth quarter. I.G. Investment Management LTD. now owns 398,639 shares of the real estate investment trust’s stock valued at $9,360,000 after buying an additional 1,798 shares during the period. Deere & Co. raised its position in Columbia Property Trust by 7.1% in the fourth quarter. Deere & Co. now owns 80,345 shares of the real estate investment trust’s stock valued at $1,887,000 after buying an additional 5,304 shares during the period. Wells Fargo & Company MN raised its position in Columbia Property Trust by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 542,646 shares of the real estate investment trust’s stock valued at $12,742,000 after buying an additional 11,378 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Columbia Property Trust by 147.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 123,871 shares of the real estate investment trust’s stock valued at $2,909,000 after buying an additional 73,773 shares during the period.

Columbia Property Trust, Inc operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures.

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