Columbia Property Trust Inc (CXP) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.42. The company posted revenue of $126.58 million in the period, compared to analysts expectations of $132.19 million. The company’s revenue was down -14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Columbia Property Trust Inc. Columbia Property Trust Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 3, 2016. Columbia Property Trust Inc was Downgraded by Goldman to ” Sell” on Feb 19, 2016.
Columbia Property Trust Inc opened for trading at $21.51 and hit $21.64 on the upside on Wednesday, eventually ending the session at $21.6, with a gain of 0.19% or 0.04 points. The heightened volatility saw the trading volume jump to 5,98,899 shares. Company has a market cap of $2,667 M.
In a different news, 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.