Analysts See $0.27 EPS for Columbia Property Trust Inc (CXP)

July 26, 2017 - By Linda Rogers

 Analysts See $0.27 EPS for Columbia Property Trust Inc (CXP)
Investors sentiment increased to 1.09 in Q4 2016. Its up 0.07, from 1.02 in 2016Q3. It improved, as 19 investors sold Columbia Property Trust Inc shares while 72 reduced holdings. 30 funds opened positions while 69 raised stakes. 72.51 million shares or 3.61% less from 75.22 million shares in 2016Q3 were reported.
Commonwealth Equity Service Incorporated reported 252,749 shares. Delta Asset Limited Liability Tn holds 1,550 shares or 0.01% of its portfolio. Axa invested in 24,900 shares. Cubist Systematic Strategies Lc stated it has 18,377 shares. Presima stated it has 169,400 shares. Moreover, Amp Capital Invsts Ltd has 0% invested in Columbia Property Trust Inc (NYSE:CXP) for 19,041 shares. Paloma Ptnrs Management holds 30,665 shares. Henderson Grp Public Limited Liability reported 10,378 shares stake. Earnest Prtn Ltd Liability reported 0% in Columbia Property Trust Inc (NYSE:CXP). Bancshares Of Montreal Can holds 22,145 shares. Blackrock Institutional Trust Communications Na stated it has 0.01% in Columbia Property Trust Inc (NYSE:CXP). 5,530 were accumulated by Advsrs Asset Mngmt Inc. Blackrock Grp Ltd stated it has 0.01% in Columbia Property Trust Inc (NYSE:CXP). First Tru Advisors Limited Partnership invested in 170,036 shares. Illinois-based Citadel Limited Liability Company has invested 0% in Columbia Property Trust Inc (NYSE:CXP).

Investors wait Columbia Property Trust Inc (NYSE:CXP) to report on July, 27 after the close. its quarterly earnings Wall Street analysts expect $0.27 earnings per share, down $0.21 or 43.75 % from last year’s $0.48 same quarter earnings. This translates into $32.85M profit for CXP giving the stock a 20.40 P/E. This is assuming the current $0.27 EPS is accurate. Columbia Property Trust Inc’s Wall Street analysts see -3.57 % negative EPS growth, taking into account the $0.28 EPS reproted in the previous quarter, It closed at $22.03 lastly. It is down 8.42% since July 26, 2016 and is uptrending. It has underperformed by 8.28% the S&P500.

Columbia Property Trust Inc (NYSE:CXP) Ratings Coverage

Among 8 analysts covering Columbia Property Trust (NYSE:CXP), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Columbia Property Trust had 14 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by BMO Capital Markets with “Market Perform” on Thursday, September 10. Wunderlich maintained Columbia Property Trust Inc (NYSE:CXP) on Tuesday, August 4 with “Buy” rating. The firm has “Hold” rating given on Wednesday, September 2 by TheStreet. The stock has “Mkt Perform” rating by JMP Securities on Monday, January 9. The company was upgraded on Tuesday, January 24 by Oppenheimer. The company was upgraded on Tuesday, March 28 by Evercore. The company was downgraded on Friday, February 19 by Goldman Sachs. BMO Capital Markets maintained the stock with “Buy” rating in Monday, May 1 report. The rating was initiated by Suntrust Robinson with “Hold” on Thursday, December 22. The firm has “Outperform” rating given on Thursday, June 2 by BMO Capital Markets.

Columbia Property Trust, Inc. operates as a real estate investment trust , which owns and operates commercial real estate properties. The company has market cap of $2.68 billion. 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. It has a 17.79 P/E ratio. The Company’s divisions include New York, San Francisco, Atlanta, Washington, D.C., Boston, Los Angeles and all other office markets.

More notable recent Columbia Property Trust Inc (NYSE:CXP) news were published by: Seekingalpha.com which released: “Columbia Property Trust’s (CXP) CEO Nelson Mills on Q4 2016 Results – Earnings …” on February 10, 2017, also Seekingalpha.com with their article: “Columbia Property Trust forms JV with Allianz” published on July 06, 2017, Businesswire.com published: “Columbia Property Trust and Allianz Real Estate Form Joint Venture to Own …” on July 06, 2017. More interesting news about Columbia Property Trust Inc (NYSE:CXP) were released by: Law360.com and their article: “Columbia Property Trust Sells Houston Buildings For $272M” published on January 09, 2017 as well as Seekingalpha.com‘s news article titled: “Columbia Property Trust Is Undervalued” with publication date: June 12, 2017.

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