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.

WARNING: “Columbia Property Trust (CXP) Issues FY 2019 Earnings Guidance” was posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.themarketsdaily.com/2019/02/14/columbia-property-trust-cxp-issues-fy-2019-earnings-guidance.html.

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)

Receive News & Ratings for Columbia Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply