Morgan Stanley reissued their equal weight rating on shares of Columbia Property Trust (NYSE:CXP) in a research report sent to investors on Thursday morning. The firm currently has a $22.00 price target on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on CXP. JMP Securities upgraded 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. Zacks Investment Research upgraded Columbia Property Trust from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Columbia Property Trust presently has an average rating of Buy and an average target price of $24.13.

Columbia Property Trust (NYSE:CXP) opened at $23.01 on Thursday. The company has a market capitalization of $2,756.69, a P/E ratio of 19.34 and a beta of 1.17. 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 one year low of $20.37 and a one year high of $23.48.

Columbia Property Trust (NYSE:CXP) last released its earnings results 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. The company had revenue of $60.36 million during the quarter, compared to analysts’ expectations of $75.43 million. Columbia Property Trust had a return on equity of 8.10% and a net margin of 63.37%. During the same period in the prior year, the business posted $0.37 EPS. sell-side analysts anticipate that Columbia Property Trust will post 1.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, November 30th. Columbia Property Trust’s dividend payout ratio is currently 47.62%.

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in shares of Columbia Property Trust by 39.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 238,090 shares of the real estate investment trust’s stock valued at $5,328,000 after acquiring an additional 67,250 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Columbia Property Trust during the 2nd quarter valued at approximately $9,026,000. Legal & General Group Plc raised its position in shares of Columbia Property Trust by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 414,630 shares of the real estate investment trust’s stock valued at $9,278,000 after acquiring an additional 12,065 shares in the last quarter. BlackRock Inc. raised its position in shares of Columbia Property Trust by 2.6% during the 2nd quarter. BlackRock Inc. now owns 8,281,850 shares of the real estate investment trust’s stock valued at $185,346,000 after acquiring an additional 208,882 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Columbia Property Trust by 31.1% during the 2nd quarter. Sei Investments Co. now owns 58,615 shares of the real estate investment trust’s stock valued at $1,311,000 after acquiring an additional 13,894 shares in the last quarter. 67.39% of the stock is currently 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.

Analyst Recommendations for Columbia Property Trust (NYSE:CXP)

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