Columbia Property Trust Inc. (CXP): Why its showing bull behavior?

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Columbia Property Trust Inc. (NYSE:CXP) changes shares on Thursday trading session, with a change of 1.22% or $0.16 shares. The trading starts at $12.93 and closed at $13.09 throughout the day. The trading session low price was $12.84 and day high was $13.36 on Thursday, June 25. After the session, the Real Estate sector daily volume shifted to 1.81 million while its average volume is 1.08M. In other hand, the CXP market cap reached to $1.55B. While, its current target price is $13.25 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -4.74% and down -3.50% for month. Its quarterly performance was 8.70% above, while its half year performance is down -35.84%. CXP yearly performance stood at negative -35.59% and fall -36.63% for year-to-date. Current recommendation for Columbia Property Trust Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CXP EPS (TTM) for 12-month is 0.10. EPS for this year is -1.80%, while for the next year its value is 0.16. Its EPS Q/Q reached 83.50%. It has an EPS of -36.80% down for past five years.

Let’s take a look on the analyst recommendations on CXP for the current month and previous month. For the current month, 3 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 5 analysts participate in stock recommendation. Out of 5, 0 rated it sell, 2 rated it as Buy and 3 as Hold Ratings. On the other hand, target price ranges from $13.50-$19.00. Average target price for CXP was reached at $16.50.

Vanguard Group, Inc. (The), Blackrock Inc. and CenterSquare Investment Management LLC are the top three holders in Columbia Property Trust Inc. (CXP) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 17.12 million shares which valued 214.03 million. On Mar 30, 2020, Blackrock Inc. owned 7.93 million shares which valued at 99.15 million. On Mar 30, 2020, CenterSquare Investment Management LLC has a total of 4.58 million shares which valued at 57.24 million. In the end, CenterSquare Investment Management LLC have 4.00% shares outstanding of Columbia Property Trust Inc. (CXP) on Mar 30, 2020. The insider ownership moved to 0.90% and institutional holding shifted to 82.40%.

The company posted an EPS (TTM) of 0.10. According to the most recent quarter report on (Jun 2020), 1 analysts estimated an average EPS of 0.03, while 0.41 EPS posted a year ago period. Analyst Estimated EPS for CXP published in the report was 0.03-0.03 during the same period. Comparing with last year, the average estimated EPS was 0.41 which is higher than 0.05 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CXP fall -25.86% for period of 200 days. SMA for 50 days was -0.19% which is showing red signal, while SMA-20 was -6.12%. The moving average value for Columbia Property Trust Inc. (CXP) is 16.57 and 13.34 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CXP stock. On Mar 24, Mills E Nelson, President & CEO, bought 6,000 trading shares at the cost of $8.34, which valued at 50040.0. On Mar 19, Mills E Nelson, President & CEO, bought 21,056 shares at the cost of $9.64, with total shares of 476,264. On Mar 16, Dixon John L., Director, bought 5,000 shares at the cost of 12.43. After this transaction, Dixon John L. total shares reached to 49,887 which valued at 62157.0.