Columbia Property Trust (CXP) Receives Daily Coverage Optimism Score of 0.19
Media headlines about Columbia Property Trust (NYSE:CXP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Columbia Property Trust earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.9183459304999 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Winthrop Realty Trust (FUR) vs. Columbia Property Trust (CXP) Financial Survey (americanbankingnews.com)
- Columbia Property Trust : Appoints Constance B. Moore to Board of Directors (4-traders.com)
- Columbia Property Trust Appoints Constance B. Moore to Board of Directors (finance.yahoo.com)
- Columbia Property Trust, Inc. (CXP) Plans Quarterly Dividend of $0.20 (americanbankingnews.com)
- Columbia Property Trust Declares Fourth Quarter Dividend (finance.yahoo.com)
Several analysts have issued reports on CXP shares. BidaskClub lowered shares of Columbia Property Trust from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. JMP Securities upgraded shares of Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Columbia Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.17.
Columbia Property Trust (CXP) traded up $0.17 during midday trading on Thursday, reaching $22.47. 299,481 shares of the company traded hands, compared to its average volume of 587,577. Columbia Property Trust has a twelve month low of $20.37 and a twelve month high of $23.48. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,701.57, a P/E ratio of 18.95 and a beta of 1.17.
Columbia Property Trust (NYSE:CXP) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.26. The firm had revenue of $60.36 million for the quarter, compared to the consensus estimate of $75.43 million. Columbia Property Trust had a net margin of 63.37% and a return on equity of 8.10%. During the same period in the previous year, the firm earned $0.37 EPS. sell-side analysts anticipate that Columbia Property Trust will post 1.12 EPS for the current fiscal year.
Columbia Property Trust announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 8th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, November 30th. Columbia Property Trust’s dividend payout ratio is currently 47.62%.
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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