Columbia Property Trust (NYSE:CXP) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $1.41-1.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42.
A number of research firms recently issued reports on CXP. BMO Capital Markets restated a buy rating and set a $25.00 price target on shares of Columbia Property Trust in a research note on Thursday, February 15th. SunTrust Banks set a $22.00 price target on Columbia Property Trust and gave the stock a hold rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded Columbia Property Trust from a buy rating to a hold rating in a research note on Thursday, January 18th. Finally, Morgan Stanley restated an equal weight rating and set a $22.00 price target on shares of Columbia Property Trust in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $23.57.
Shares of Columbia Property Trust (NYSE:CXP) traded up $0.46 during mid-day trading on Friday, hitting $21.36. The company’s stock had a trading volume of 565,324 shares, compared to its average volume of 854,086. Columbia Property Trust has a one year low of $20.01 and a one year high of $23.44. The stock has a market cap of $2,505.86, a P/E ratio of 14.73 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.70.
Columbia Property Trust (NYSE:CXP) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. Columbia Property Trust had a return on equity of 6.94% and a net margin of 60.91%. The company had revenue of $71.63 million for the quarter, compared to the consensus estimate of $64.63 million. During the same period last year, the business posted $0.37 EPS. The company’s revenue was down 32.3% on a year-over-year basis. research analysts expect that Columbia Property Trust will post 1.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.75%. Columbia Property Trust’s dividend payout ratio (DPR) is currently 55.17%.
In related news, Director Richard W. Carpenter bought 5,750 shares of the stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $22.97 per share, for a total transaction of $132,077.50. Following the purchase, the director now owns 20,298 shares of the company’s stock, valued at approximately $466,245.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.
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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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