BidaskClub lowered shares of Columbia Property Trust, Inc. (NYSE:CXP) from a hold rating to a sell rating in a report issued on Tuesday.

Other analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $21.00 price target on shares of Columbia Property Trust in a research note on Thursday, June 22nd. BMO Capital Markets set a $26.00 price target on Columbia Property Trust and gave the company a buy rating in a research note on Tuesday, March 28th. Evercore ISI raised Columbia Property Trust from an in-line rating to an outperform rating and lifted their price target for the company from $24.50 to $25.00 in a research note on Monday, March 27th. Finally, Zacks Investment Research lowered Columbia Property Trust from a hold rating to a sell rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $24.33.

Columbia Property Trust (NYSE CXP) traded down 1.59% on Tuesday, hitting $21.71. The company had a trading volume of 931,221 shares. The firm has a 50-day moving average price of $22.22 and a 200-day moving average price of $22.29. The firm has a market capitalization of $2.63 billion, a PE ratio of 19.04 and a beta of 1.17. Columbia Property Trust has a 12-month low of $20.27 and a 12-month high of $24.63.

Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Columbia Property Trust had a net margin of 37.27% and a return on equity of 5.54%. The firm had revenue of $74.86 million for the quarter, compared to analyst estimates of $79.51 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was down 41.5% compared to the same quarter last year.

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Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Columbia Property Trust by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,524,197 shares of the real estate investment trust’s stock worth $32,921,000 after buying an additional 123,530 shares during the period. GSA Capital Partners LLP increased its position in shares of Columbia Property Trust by 6.3% in the fourth quarter. GSA Capital Partners LLP now owns 10,700 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 632 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Columbia Property Trust by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,312 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 180 shares during the period. Norges Bank bought a new position in shares of Columbia Property Trust during the fourth quarter worth about $27,971,000. Finally, Teachers Advisors LLC increased its position in shares of Columbia Property Trust by 34.2% in the fourth quarter. Teachers Advisors LLC now owns 270,768 shares of the real estate investment trust’s stock worth $5,849,000 after buying an additional 69,019 shares during the period. Institutional investors own 63.52% of the company’s stock.

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.

Analyst Recommendations for Columbia Property Trust (NYSE:CXP)

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