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Morgan Stanley Sees Further NAV Expansion Ahead For Columbia Property Trust Inc

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In a report published Monday, Morgan Stanley analyst Vance H. Edelson reiterated an Equal-Weight rating on Columbia Property Trust Inc (NYSE: CXP).

In the report, Morgan Stanley noted, “We spent several days on the road with CXP meeting international investors. The quality portfolio, clean balance sheet and cheap valuation are evident, and gradual value creation via highly measured asset recycling is prudent. We place index inclusion odds at 30% in November and 80% in May.”

Columbia Property Trust Inc closed on Friday at $24.06.

Latest Ratings for CXP

DateFirmActionFromTo
Jun 2020Morgan StanleyMaintainsEqual-Weight
May 2020Morgan StanleyMaintainsEqual-Weight
Apr 2020Goldman SachsUpgradesNeutralBuy

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Posted-In: Morgan Stanley Vance H. EdelsonAnalyst Color Reiteration Analyst Ratings

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