Media headlines about Columbia Property Trust (NYSE:CXP) have been trending positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbia Property Trust earned a media sentiment score of 0.39 on AlphaOne’s scale. AlphaOne also gave news articles about the real estate investment trust an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
A number of research analysts have issued reports on CXP shares. Goldman Sachs Group, Inc. (The) upgraded Columbia Property Trust from a “sell” rating to a “neutral” rating and set a $22.00 price target for the company in a research report on Wednesday, February 22nd. Zacks Investment Research lowered Columbia Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. BMO Capital Markets restated a “buy” rating and issued a $27.00 price objective on shares of Columbia Property Trust in a report on Thursday, March 2nd. Finally, Evercore ISI upgraded Columbia Property Trust from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $24.50 to $25.00 in a report on Monday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Columbia Property Trust has an average rating of “Hold” and an average price target of $24.50.
Shares of Columbia Property Trust (NYSE CXP) traded down 1.22% during mid-day trading on Friday, reaching $21.82. The company had a trading volume of 993,212 shares. Columbia Property Trust has a 12 month low of $20.27 and a 12 month high of $24.63. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.63 and a beta of 1.18. The firm’s 50-day moving average is $22.04 and its 200 day moving average is $22.08.
Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $100.52 million. Columbia Property Trust had a net margin of 35.49% and a return on equity of 6.02%. The business’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, equities research analysts predict that Columbia Property Trust will post ($0.02) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were issued a $0.20 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. Columbia Property Trust’s dividend payout ratio is presently 64.52%.
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About Columbia Property Trust
Columbia Property Trust, Inc operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. The Company’s primary objective is to generate long-term shareholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located principally in high-barrier-to-entry markets.
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