Notable Runner: Columbia Property Trust Inc. (NYSE: CXP)

Financial
Juan Cowley

New York, San Francisco, April 14, 2020 – Shares of Columbia Property Trust Inc. (NYSE: CXP) declined -2.66% to $13.89. The stock grabbed the investor’s attention and traded 617.324K shares as compared to its average daily volume of 1.05M shares. The stock’s institutional ownership stands at 82.70%.

Columbia Property Trust Inc. (NYSE: CXP) posted revenues of $71.95M for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 8.29%. This compares to year-ago revenues of $73.34M. The company has topped consensus revenue estimates four times over the last four quarters. Columbia Property Trust came out with quarterly funds from operations (FFO) of $0.39 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 11.43%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.35 per share when it actually produced FFO of $0.38, delivering a surprise of 8.57%. Over the last four quarters, the company has surpassed consensus FFO estimates three times.

CXP has a market value of $1.59B while its EPS was booked as $0.07 in the last 12 months. The stock has 114.76M shares outstanding. In the profitability analysis, the company has gross profit margin of 68.20% while net profit margin was 3.10%. Beta value of the company was 1.24; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.40.

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