Columbia Property Trust, Inc. (CXP) Updates FY17 Earnings Guidance

Cornelia Mascio
Novembre 14, 2017

(NYSE:CXP) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, November 1st. Finally, Sandler O'Neill raised shares of Liberty Property Trust from a sell rating to a hold rating and set a $45.00 target price on the stock in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company now has a consensus rating of Hold and an average target price of $44.17. The stock of Liberty Property Trust (NYSE:LPT) has "Hold" rating given on Friday, September 22 by KeyBanc Capital Markets. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78. The company has market cap of $6.64 billion. The stock of Liberty Property Trust (NYSE:LPT) earned "Market Perform" rating by Cowen & Co on Tuesday, January 12.

Parkwood LLC continued to hold its position in Liberty Property Trust (NYSE:LPT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.26. Alexandria Limited Liability Company stated it has 1,317 shares or 0.01% of all its holdings. Morgan Stanley downgraded Liberty Property Trust (NYSE:LPT) on Wednesday, October 28 to "Equal-Weight" rating. The firm had revenue of $60.36 million for the quarter, compared to analyst estimates of $75.43 million. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of US & global trademark and copyright laws. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright laws. The correct version of this piece of content can be viewed at banking-finance/2318625/parkwood-llc-has-546000-stake-in-liberty-property-trust-lpt.html. Axa invested in 0.01% or 132,812 shares. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, December 29th. Pacer Advisors Inc. boosted its position in Liberty Property Trust by 3.0% during the 2nd quarter.

In related news, Director Thomas G. Wattles purchased 4,700 shares of Columbia Property Trust stock in a transaction that occurred on Tuesday, August 15th. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued. It also increased its holding in Equinix Inc (NASDAQ:EQIX) by 25,546 shares in the quarter, for a total of 73,539 shares, and has risen its stake in Invitation Homes Inc. Wellington Management Group Llp bolstered its position by buying 76,125 shares an increase of 5.2% in the quarter. State Treasurer State of MI now owns 60,700 shares of the real estate investment trust's stock worth $2,471,000 after purchasing an additional 1,000 shares during the period. State Treasurer State of MI boosted its position in Liberty Property Trust by 1.7% during the 2nd quarter. The institutional investor purchased 48,577 shares of the real estate investment trust's stock, valued at approximately $1,058,000. Cetera Investment Advisers bought a new position in Columbia Property Trust in the second quarter worth about $438,000.

Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. Finally, Louisiana State Employees Retirement System boosted its position in Liberty Property Trust by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust's stock valued at $23,278,000 after buying an additional 399,424 shares during the period.

Among 9 analysts covering Liberty Property Trust (NYSE:LPT), 2 have Buy rating, 0 Sell and 7 Hold. Company insiders own 0.46% of the company's stock.

Liberty Property Trust is a real estate investment trust.

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