It’s been a crucial week for Columbia Property Trust Inc (NYSE:CXP); here’s what analysts have to say.

July 18, 2017 - By Louis Casey

 It's been a crucial week for Columbia Property Trust Inc (NYSE:CXP); here's what analysts have to say.
Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.07, from 1.02 in 2016Q3. It is positive, 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.
Lsv Asset Management invested 0% of its portfolio in Columbia Property Trust Inc (NYSE:CXP). Earnest Prtn Lc reported 0% stake. First Personal Financial Svcs has invested 0% of its portfolio in Columbia Property Trust Inc (NYSE:CXP). Walleye Trading Lc owns 2,208 shares. Qs Ltd Limited Liability Company accumulated 14,534 shares. Quantbot Techs L P, a New York-based fund reported 4,810 shares. Nomura Asset Management reported 0.03% stake. Regions Finance Corp accumulated 65,665 shares or 0.02% of the stock. Henderson Gru Pcl reported 10,378 shares. The Delaware-based Blackrock Lc has invested 0% in Columbia Property Trust Inc (NYSE:CXP). Verition Fund Ltd stated it has 0.05% of its portfolio in Columbia Property Trust Inc (NYSE:CXP). Dekabank Deutsche Girozentrale has 209,123 shares for 0.05% of their portfolio. New York-based Jpmorgan Chase And has invested 0% in Columbia Property Trust Inc (NYSE:CXP). State Street Corporation stated it has 0.01% in Columbia Property Trust Inc (NYSE:CXP). California State Teachers Retirement System holds 0.01% of its portfolio in Columbia Property Trust Inc (NYSE:CXP) for 264,506 shares.

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 firm has “Buy” rating given on Tuesday, August 4 by Wunderlich. Evercore maintained the stock with “Hold” rating in Tuesday, September 8 report. The stock of Columbia Property Trust Inc (NYSE:CXP) earned “Outperform” rating by Oppenheimer on Tuesday, January 24. Goldman Sachs maintained the shares of CXP in report on Thursday, June 22 with “Neutral” rating. Evercore upgraded Columbia Property Trust Inc (NYSE:CXP) rating on Tuesday, March 28. Evercore has “Outperform” rating and $25 target. As per Thursday, September 10, the company rating was initiated by BMO Capital Markets. The company was downgraded on Wednesday, September 2 by TheStreet. SunTrust initiated the shares of CXP in report on Thursday, December 22 with “Hold” rating. The company was initiated on Thursday, December 22 by Suntrust Robinson. The rating was upgraded by Goldman Sachs on Wednesday, February 22 to “Neutral”. Below is a list of Columbia Property Trust Inc (NYSE:CXP) latest ratings and price target changes.

22/06/2017 Broker: Goldman Sachs Rating: Neutral New Target: $21 Maintain
01/05/2017 Broker: BMO Capital Markets Rating: Buy New Target: $26.00 Maintain
28/03/2017 Broker: Evercore Old Rating: In-Line New Rating: Outperform Old Target: $24.50 New Target: $25.00 Upgrade
22/02/2017 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
24/01/2017 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform Upgrade

The stock increased 0.62% or $0.14 on July 17, reaching $22.63. About 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. 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: Law360.com which released: “Columbia Property Trust Sells Houston Buildings For $272M” on January 09, 2017, also Businesswire.com with their article: “Columbia Property Trust and Allianz Real Estate Form Joint Venture to Own …” published on July 06, 2017, Seekingalpha.com published: “Columbia Property Trust forms JV with Allianz” on July 06, 2017. More interesting news about Columbia Property Trust Inc (NYSE:CXP) were released by: Seekingalpha.com and their article: “Columbia Property Trust’s (CXP) CEO Nelson Mills on Q1 2017 Results – Earnings …” published on April 28, 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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