$0.28 EPS Expected for Columbia Property Trust Inc (CXP)

July 18, 2017 - By Peter Erickson

 $0.28 EPS Expected for Columbia Property Trust Inc (CXP)
Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.07, from 1.02 in 2016Q3. It increased, 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.
Voya Investment Management Ltd holds 0% of its portfolio in Columbia Property Trust Inc (NYSE:CXP) for 38,626 shares. Sii Invests Wi reported 41,234 shares. 1.12 million are held by Northern Tru. Hbk Ltd Partnership stated it has 0% in Columbia Property Trust Inc (NYSE:CXP). State Street stated it has 3.97 million shares. Security Capital Research & Management holds 0.12% or 170,800 shares. Great West Life Assurance Com Can, Manitoba – Canada-based fund reported 69,981 shares. Manufacturers Life Insurance The has 8,232 shares for 0% of their portfolio. Malaga Cove Capital Limited Liability Com invested in 28,765 shares or 0.4% of the stock. 33,280 are owned by Parametrica Ltd. 191,999 were reported by Strs Ohio. Cipher Capital Limited Partnership, a New York-based fund reported 10,830 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 7,185 shares in its portfolio. Arete Wealth Advsrs Ltd Com has invested 0.1% in Columbia Property Trust Inc (NYSE:CXP). France-based Axa has invested 0% in Columbia Property Trust Inc (NYSE:CXP).

Analysts await Columbia Property Trust Inc (NYSE:CXP) to report earnings on July, 27. They expect $0.28 earnings per share, down 41.67 % or $0.20 from last year’s $0.48 per share. CXP’s profit will be $34.52 million for 20.21 P/E if the $0.28 EPS becomes a reality. After $0.28 actual earnings per share reported by Columbia Property Trust Inc for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. The stock increased 0.62% or $0.14 during the last trading session, reaching $22.63. About 433,655 shares traded. Columbia Property Trust Inc (NYSE:CXP) has risen 8.42% since July 18, 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 maintained by Evercore with “Hold” on Tuesday, September 8. Wunderlich maintained it with “Buy” rating and $28 target in Tuesday, August 4 report. The stock of Columbia Property Trust Inc (NYSE:CXP) earned “Outperform” rating by Evercore on Tuesday, March 28. BMO Capital Markets maintained it with “Buy” rating and $26 target in Monday, May 1 report. The company was initiated on Thursday, December 22 by SunTrust. JMP Securities downgraded the stock to “Mkt Perform” rating in Monday, January 9 report. The stock of Columbia Property Trust Inc (NYSE:CXP) has “Outperform” rating given on Thursday, June 2 by BMO Capital Markets. The stock of Columbia Property Trust Inc (NYSE:CXP) has “Hold” rating given on Wednesday, September 2 by TheStreet. The firm has “Sell” rating given on Friday, February 19 by Goldman Sachs. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, February 22 report.

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 $2.79 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 18.28 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: Gurufocus.com and their article: “Clean Yield Group Buys Columbia Property Trust Inc, NTT DOCOMO Inc, Tractor …” published on July 17, 2017 as well as Therealdeal.com‘s news article titled: “Columbia Property Trust to buy land beneath 149 Madison” with publication date: March 08, 2017.

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