Goldman Sachs Upgrades Columbia Property Trust Inc to Neutral

Brokerage firm Goldman Sachs Upgrades its rating on Columbia Property Trust Inc(CXP). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Feb 22, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 24, 2017, Oppenheimer said it Upgrades its rating on Columbia Property Trust Inc. The shares have been rated ‘Outperform’ by the firm. On Jan 9, 2017, JMP Securities said it Downgrades its rating on Columbia Property Trust Inc. The shares have been rated ‘Market Perform’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage On Columbia Property Trust Inc, according to a research note issued on Dec 22, 2016. In the research note, the firm Announces the price-target to $21 per share. The shares have been rated ‘Hold’ by the firm.

Columbia Property Trust Inc (CXP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.74% or 0.17 points. Due to strong positive momentum, the stock ended at $23.18, which is also near the day’s high of $23.3. The stock began the session at $23.3 and the volume stood at 6,70,831 shares. The 52-week high of the shares is $24.63 and the 52 week low is $19.71. The company has a current market capitalization of $2,839 M and it has 12,24,55,763 shares in outstanding.

Columbia Property Trust Inc(CXP) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $105.768M. Analysts had an estimated revenue of $113.030M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2015, John L. Dixon (director) purchased 2,000 shares at $21.96 per share price.

Columbia Property Trust Inc. (Columbia Property Trust) is a real estate investment trust (REIT). The Company operates as a REIT for federal income tax purposes and owns and operates commercial real estate properties. Columbia Property Trust conducts business through Columbia Property Trust Operating Partnership L.P. (Columbia Property Trust OP). Columbia Property Trust OP acquires develops owns leases and operates real properties directly through wholly owned subsidiaries or through joint ventures. Columbia Property Trust invests in income-generating office properties. The Company’s portfolio comprises a combination of multi- and single-tenant office properties located in Central Business District (CBD) and suburban areas. It focuses on the acquisition of primary markets including CBD and urban in-fill locations.

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