Revenue Update on Columbia Property Trust Inc(NYSE:CXP)

Columbia Property Trust Inc(NYSE:CXP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $127.93M. Analysts estimated a revenue of $127.96M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.07.

In a different note, On Jun 2, 2016, BMO Capital said it Upgrades its rating on Columbia Property Trust Inc. The shares have been rated ‘Outperform’ by the firm.

Columbia Property Trust Inc (CXP) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.08% at a volume of 2,20,460. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.86. The peak price level was also seen at $23.86 while the days lowest was $23.73. Finally the shares closed at $23.76. The 52-week high of the shares is $26.24 while the 52-week low is $19.335. According to the latest information available, the market cap of the company is $2,934 M.

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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