Columbia Property Trust (CXP) Given Daily Media Sentiment Rating of 0.12
Press coverage about Columbia Property Trust (NYSE:CXP) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Columbia Property Trust earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.4345864296229 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Columbia Property Trust (CXP) Declares $0.20 Quarterly Dividend; 3.8% Yield (streetinsider.com)
- Columbia Property Trust Declares First Quarter Dividend (finance.yahoo.com)
- Columbia Property Trust (CXP) to Release Earnings on Thursday (americanbankingnews.com)
- Columbia Property Trust Announces Tax Treatment of 2017 Distributions (finance.yahoo.com)
Several research firms have weighed in on CXP. SunTrust Banks set a $22.00 price objective on Columbia Property Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Zacks Investment Research raised Columbia Property Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $25.00 price objective on shares of Columbia Property Trust in a research report on Tuesday, January 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price objective on shares of Columbia Property Trust in a research report on Thursday, December 14th. Finally, JMP Securities raised Columbia Property Trust from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.57.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.20 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.83%. Columbia Property Trust’s dividend payout ratio is currently 47.62%.
In related news, Director Richard W. Carpenter purchased 5,750 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of $22.97 per share, with a total value of $132,077.50. Following the transaction, the director now directly owns 20,298 shares in the company, valued at approximately $466,245.06. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.
About Columbia Property Trust
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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