Media coverage about Columbia Property Trust (NYSE:CXP) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Columbia Property Trust earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.2364452808818 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
CXP stock opened at $20.65 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $2,510.66, a price-to-earnings ratio of 14.24 and a beta of 1.05. Columbia Property Trust has a 12 month low of $20.01 and a 12 month high of $23.31.
Columbia Property Trust (NYSE:CXP) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $64.63 million. Columbia Property Trust had a net margin of 60.91% and a return on equity of 6.94%. Columbia Property Trust’s revenue was down 32.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. equities research analysts anticipate that Columbia Property Trust will post 1.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 3.87%. Columbia Property Trust’s dividend payout ratio is currently 55.17%.
A number of equities analysts have recently commented on CXP shares. BMO Capital Markets cut shares of Columbia Property Trust to a “sell” rating in a report on Tuesday, February 27th. Zacks Investment Research raised shares of Columbia Property Trust from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, January 4th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price objective on shares of Columbia Property Trust in a research note on Thursday, December 14th. Finally, SunTrust Banks set a $22.00 price objective on shares of Columbia Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Columbia Property Trust currently has an average rating of “Hold” and a consensus target price of $23.57.
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Columbia Property Trust Company Profile
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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