CXP - Shares of Columbia Property Trust Inc. (CXP) Exceed 52-Week High
Columbia Property Trust Inc. (NYSE:CXP) traded today at a new 52-week high of $18.55. This new high was reached on below average trading volume as 707,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.
Based on a current price of $18.51, Columbia Property Trust Inc. is currently 7.8% above its average consensus analyst price target of $17.07.
In the past 52 weeks, shares of Columbia Property Trust Inc. have traded between a low of $10.11 and a high of $18.55 and is now at $18.51, which is 83% above that low price.
Columbia Property Trust Inc is a real estate investment trust engaged in acquiring, developing, and leasing office properties in large metropolitan areas throughout the United States. In terms of total square footage, the company's real estate portfolio is primarily composed of offices in San Francisco, Atlanta, New York City, Cleveland, and Houston. Columbia Property also derives most of its total revenue in the form of rental income from these same cities. The company's largest office tenants are legal services firms, business services companies, depository institutions, and securities and commodities brokers. These industries contribute the majority of Columbia's total rent revenue.
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