Columbia Property Trust (NYSE:CXP) will be issuing its quarterly earnings data after the market closes on Thursday, October 25th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Columbia Property Trust has set its FY18 guidance at $1.46-1.51 EPS.
Columbia Property Trust (NYSE:CXP) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Columbia Property Trust had a return on equity of 3.66% and a net margin of 34.95%. The firm had revenue of $75.37 million for the quarter, compared to analyst estimates of $71.96 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, analysts expect Columbia Property Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:CXP opened at $21.98 on Thursday. Columbia Property Trust has a 1 year low of $19.55 and a 1 year high of $25.07. The company has a market cap of $2.79 billion, a PE ratio of 19.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.81.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.64%. Columbia Property Trust’s dividend payout ratio (DPR) is 70.18%.
Separately, Zacks Investment Research lowered Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.67.
Columbia Property Trust Company Profile
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, DC Its portfolio includes 19 properties with approximately nine million square feet. Columbia carries an investment-grade rating from both Moody's and Standard & Poor's.
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