Brokerage Firm Rating Update on Columbia Property Trust (CXP)

Columbia Property Trust (CXP) : Zacks Investment Research ranks Columbia Property Trust (CXP) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2, which indicates as a Buy.

Columbia Property Trust (CXP) : 3 investment research analysts covering Columbia Property Trust (CXP) have an average price target of $24.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $21 for the short term. Analysts expect the variance to be within $3.51 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, BMO Capital upgrades its view on Columbia Property Trust (NYSE:CXP) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on June 2, 2016.

Columbia Property Trust (NYSE:CXP): The stock opened at $24.12 and touched an intraday high of $24.63 on Wednesday. During the day, the stock corrected to an intraday low of $24.12, however, the bulls stepped in and pushed the price higher to close in the green at $24.63 with a gain of 2.16% for the day. The total traded volume for the day was 481,420. The stock had closed at $24.11 in the previous trading session.

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 Companys 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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