Columbia Property Trust (CXP) Plans Quarterly Dividend of $0.20

Columbia Property Trust (NYSE:CXP) declared a quarterly dividend on Wednesday, May 15th, Wall Street Journal reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.20 per share by the real estate investment trust on Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 3.60%. The ex-dividend date is Friday, May 31st.

Columbia Property Trust has decreased its dividend payment by an average of 12.6% annually over the last three years. Columbia Property Trust has a payout ratio of 53.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Columbia Property Trust to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 55.6%.

CXP traded up $0.07 during midday trading on Wednesday, hitting $22.20. 265,130 shares of the company’s stock traded hands, compared to its average volume of 627,719. The firm has a market cap of $2.59 billion, a PE ratio of 14.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.80 and a current ratio of 2.80. Columbia Property Trust has a one year low of $18.08 and a one year high of $25.07.



Columbia Property Trust (NYSE:CXP) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.35). The business had revenue of $75.43 million for the quarter, compared to the consensus estimate of $72.75 million. Columbia Property Trust had a net margin of 3.84% and a return on equity of 0.42%. Columbia Property Trust’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. On average, sell-side analysts anticipate that Columbia Property Trust will post 1.39 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Columbia Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th.

TRADEMARK VIOLATION WARNING: “Columbia Property Trust (CXP) Plans Quarterly Dividend of $0.20” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://dakotafinancialnews.com/2019/05/15/columbia-property-trust-cxp-plans-quarterly-dividend-of-0-20.html.

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.

See Also: The primary rules of Elliott Wave theory

Dividend History 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.