Fundamental and Technical Insights on Columbia Property Trust, Inc. (NYSE:CXP)

Columbia Property Trust, Inc. (NYSE:CXP) (TREND ANALYSIS) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $24.84, down by -4.2%, with a volume of 1,200,117 shares against an average volume for the last 3 months of 524,783.

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Columbia Property Trust, Inc. (NYSE:CXP) stock is currently trading 10.94% below its 52-week-high, 22.55% above its 52-week-low. The 1-year stock price history is in the range of $20.27 – $27.89. Columbia Property Trust, Inc. (CXP) has a price to earnings ratio of 32.68 versus Financial sector average of 16.18. CXP stock price has underperformed the S&P 500 by 0.9%. The Office REIT company is currently valued at $3.11 billion and its share price closed the last trading session at $24.84. The stock has a 50-day moving average of $24.03 and a 200-day moving average of $24.78.

Columbia Property Trust, Inc. (CXP) current short interest stands at 3.25 million shares. It has increased by 37% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.54 million shares, the number of days required to cover the short positions stand at 6.1 days.

CXP reported last quarter earnings on October 29. The Office REIT company announced earnings per share of $0.47 against a consensus Street estimate of $0.44, beating the average estimate by $0.03. This corresponds to a decrease of $0.05 compared to the same quarter of the previous fiscal year.

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There are currently seven analysts that cover Columbia Property Trust, Inc. stock. Of those seven, three have a Buy rating, four have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $26.17.

A recent analyst activity consisted of BMO Capital who initiated their coverage on the stock with Market Perform rating on September 10. BMO Capital fixed their price target at $22. This corresponds to a 11.43% downside from the last closing price. On the date of report, the stock closed at $21.68.

Evercore Partners reiterated their Hold stance on September 8, and decreased their price target from $27 to $24. This corresponds to a 3.38% downside from the last closing price. On the date of report, the stock closed at $21.49.

Another research firm was Goldman Sachs who upgraded their Sell rating to Neutral on February 26. Goldman Sachs increased their price target on Columbia Property Trust, Inc. from $24 to $26. This translates to a 4.67% upside from the last closing price. On the date of report, the stock closed at $25.06.

Company profile

Corporate Express N.V. supplies office products to businesses and institutions in North America, Europe, Australia, and New Zealand. It offers a range of products and services, including office supplies, computer supplies, information communication technology products, office furniture, print and forms management, facility management, customized corporate gifts, and desktop software. The company also supplies graphic machines, materials, and related services to the graphic industry; pre-press systems, cutting, folding, and binding equipment; consumables, such as ink and spare parts; and printers and copiers. It markets and sells its products and services to contract and non-contract business customers through a network of central account managers and local sales representatives, as well as through eCommerce systems, including customized Internet sites. The company was founded in 1875. It was formerly known as NV Koninklijke KNP BT and changed its name to Buhrmann NV in 1997. Further, the company changed its name to Corporate Express NV in 2007. Corporate Express N.V. is headquartered in Amsterdam, the Netherlands.

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