CommonWealth REIT (NYSE:CWH) posted its quarterly earnings results on Wednesday. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.05, StockRatingsNetwork.com reports. The company had revenue of $201.74 million for the quarter, compared to the consensus estimate of $259.64 million. During the same quarter last year, the company posted $0.86 earnings per share.
Shares of CommonWealth REIT (NYSE:CWH) traded down 2.39% during mid-day trading on Thursday, hitting $23.31. The stock had a trading volume of 951,946 shares. CommonWealth REIT has a 1-year low of $13.81 and a 1-year high of $26.38. The stock’s 50-day moving average is $23.81 and its 200-day moving average is $23.00. The company has a market cap of $2.758 billion and a P/E ratio of 44.06.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, October 23rd.
On the ratings front, analysts at Stifel Nicolaus downgraded shares of CommonWealth REIT from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 12th. They noted that the move was a valuation call.
CommonWealth REIT (NYSE:CWH) is a real estate investment trust (REIT).
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