Columbia Property Trust (CXP) Releases FY19 Earnings Guidance

Columbia Property Trust (NYSE:CXP) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.35-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.44. Columbia Property Trust also updated its FY 2019 guidance to $1.35-1.40 EPS.

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

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

Separately, Zacks Investment Research lowered Columbia Property Trust from a hold rating to a sell rating in a research note on Monday, January 7th.

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

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