Media stories about Columbia Property Trust (NYSE:CXP) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded 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 0.10 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.7754077578304 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts recently issued reports on CXP shares. Zacks Investment Research cut Columbia Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. BMO Capital Markets cut Columbia Property Trust to a “sell” rating in a research report on Tuesday, February 27th. SunTrust Banks set a $22.00 price target on Columbia Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $22.00 price target on shares of Columbia Property Trust in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.57.
Columbia Property Trust (NYSE:CXP) opened at $21.50 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83. Columbia Property Trust has a 52-week low of $20.01 and a 52-week high of $23.31. The stock has a market capitalization of $2,570.00, a P/E ratio of 14.83 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Wednesday, February 28th. Columbia Property Trust’s payout ratio is 55.17%.
In other Columbia Property Trust news, Director Richard W. Carpenter bought 5,750 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $22.97 per share, for a total transaction of $132,077.50. Following the transaction, the director now owns 20,298 shares of the company’s stock, valued at approximately $466,245.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.
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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