Sandler O’Neill Reconfirms a Hold Rating on Luther Burbank (LBC) and $13.0000 Target; Columbia Property Trust (CXP) Sentiment Is 1.07

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In an analyst note made public on 29 March, Luther Burbank Corp (LBC) stock Hold was reaffirmed at Sandler O’Neill. They currently have a $13.0000 target on the stock. Sandler O’Neill’s target suggests a potential upside of 8.24% from the company’s stock close price.

Columbia Property Trust Inc (CXP) investors sentiment increased to 1.07 in Q4 2017. It’s up 0.04, from 1.03 in 2017Q3. The ratio is more positive, as 90 hedge funds increased and started new stock positions, while 84 cut down and sold their stock positions in Columbia Property Trust Inc. The hedge funds in our database now hold: 81.16 million shares, up from 79.49 million shares in 2017Q3. Also, the number of hedge funds holding Columbia Property Trust Inc in top ten stock positions increased from 3 to 5 for an increase of 2. Sold All: 18 Reduced: 66 Increased: 54 New Position: 36.

Analysts await Luther Burbank Corporation (NASDAQ:LBC) to report earnings on April, 26. LBC’s profit will be $10.18 million for 16.68 P/E if the $0.18 EPS becomes a reality. After $0.27 actual earnings per share reported by Luther Burbank Corporation for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Among 4 analysts covering Luther Burbank (LBC), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Luther Burbank has $14 highest and $13.0 lowest target. $13.50’s average target is 12.41% above currents $12.01 stock price. Luther Burbank had 5 analyst reports since January 2, 2018 according to SRatingsIntel. The stock of Luther Burbank Corporation (NASDAQ:LBC) earned “Hold” rating by Sandler O’Neill on Friday, January 26. The stock of Luther Burbank Corporation (NASDAQ:LBC) has “Hold” rating given on Tuesday, January 2 by Sandler O’Neill.

The stock increased 0.84% or $0.1 during the last trading session, reaching $12.01. About 104,250 shares traded. Luther Burbank Corporation (LBC) has 0.00% since March 30, 2017 and is . It has underperformed by 11.55% the S&P500.

Luther Burbank Corporation operates as the bank holding firm for Luther Burbank Savings that provides various banking services and products for individuals, entrepreneurs, professionals, and businesses in the United States. The company has market cap of $679.36 million. It offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It has a 7.43 P/E ratio. The firm also provides commercial real estate loans consisting of first mortgage loans for purchase, refinance, or build-out tenant improvements on investor owned multifamily residential units, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; and single family residential loans.

Analysts await Columbia Property Trust, Inc. (NYSE:CXP) to report earnings on April, 26. They expect $0.36 EPS, up 28.57% or $0.08 from last year’s $0.28 per share. CXP’s profit will be $43.16 million for 14.21 P/E if the $0.36 EPS becomes a reality. After $0.32 actual EPS reported by Columbia Property Trust, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

The stock decreased 0.34% or $0.07 during the last trading session, reaching $20.46. About 467,374 shares traded. Columbia Property Trust, Inc. (CXP) has declined 7.43% since March 30, 2017 and is downtrending. It has underperformed by 18.98% the S&P500.

Columbia Property Trust, Inc. is an equity real estate investment trust. The company has market cap of $2.45 billion. The firm invests in the real estate markets of the United States. It has a 14.11 P/E ratio. It focuses on investing in and managing high-quality commercial office properties.

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $132,051 activity.

12 West Capital Management Lp holds 5.98% of its portfolio in Columbia Property Trust, Inc. for 2.15 million shares. Waterfront Capital Partners Llc owns 1.25 million shares or 3.57% of their US portfolio. Moreover, Clean Yield Group has 2.49% invested in the company for 273,650 shares. The Kansas-based Dean Capital Management has invested 1.99% in the stock. Mesirow Financial Investment Management, a Alabama-based fund reported 920,238 shares.

Ratings analysis reveals 25% of Columbia Property Trust’s analysts are positive. Out of 4 Wall Street analysts rating Columbia Property Trust, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. CXP was included in 4 notes of analysts from December 22, 2016. The rating was upgraded by Oppenheimer to “Outperform” on Tuesday, January 24. Goldman Sachs upgraded the shares of CXP in report on Wednesday, February 22 to “Neutral” rating. As per Monday, January 9, the company rating was downgraded by JMP Securities. On Thursday, December 22 the stock rating was initiated by SunTrust with “Hold”.

Columbia Property Trust, Inc. (NYSE:CXP) Ratings Chart