Evercore ISI Group Upgrades Columbia Property Trust Inc to Outperform with Price Target $25

Brokerage firm Evercore ISI Group Upgrades its rating on Columbia Property Trust Inc(CXP). As per the latest information, Evercore ISI Group Raises the price target to $25 per share from a prior target of $24.5. The shares have been rated Outperform. Previously, the analysts had a In-Line rating on the shares. The rating by the stock financial advisor at Evercore ISI Group was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 22, 2017, Goldman Sachs said it Upgrades its rating on Columbia Property Trust Inc. The shares have been rated ‘Neutral’ by the firm. On Feb 22, 2017, Goldman Sachs said it Upgrades its rating on Columbia Property Trust Inc. The shares have been rated ‘Neutral’ by the firm. 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.

Columbia Property Trust Inc (CXP) made into the market gainers list on Fridays trading session with the shares advancing 0.73% or 0.16 points. Due to strong positive momentum, the stock ended at $21.95, which is also near the day’s high of $22.13. The stock began the session at $21.81 and the volume stood at 5,17,903 shares. The 52-week high of the shares is $24.63 and the 52 week low is $20.16. The company has a current market capitalization of $2,688 M and it has 12,24,50,566 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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