Columbia Property Trust (CXP) Issues FY 2019 Earnings Guidance

Columbia Property Trust (NYSE:CXP) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.35-1.40 for the period.

NYSE CXP traded up $0.06 on Wednesday, hitting $22.80. The stock had a trading volume of 576,315 shares, compared to its average volume of 629,727. Columbia Property Trust has a one year low of $18.08 and a one year high of $25.07. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.49. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 20.00 and a beta of 1.06.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, February 28th. Columbia Property Trust’s dividend payout ratio (DPR) is 70.18%.

Separately, Zacks Investment Research cut shares of Columbia Property Trust from a hold rating to a sell rating in a research report on Tuesday, October 30th.

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About Columbia Property Trust

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.

See Also: Quiet Period

Earnings History and Estimates for Columbia Property Trust (NYSE:CXP)

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