Investors Purchase High Volume of CommonWealth REIT Call Options (CWH)
CommonWealth REIT (NYSE:CWH) was the recipient of some unusual options trading on Friday. Traders acquired 8,446 call options on the stock, StockRatingsNetwork.com reports. This is an increase of 599% compared to the average volume of 1,209 call options.
A number of research firms have recently commented on CWH. 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. Analysts at Zacks downgraded shares of CommonWealth REIT from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th. They now have a $25.60 price target on the stock.
CommonWealth REIT (NYSE:CWH) opened at 23.76 on Monday. CommonWealth REIT has a 52 week low of $13.46 and a 52 week high of $26.38. The stock has a 50-day moving average of $23.6 and a 200-day moving average of $22.71. The company has a market cap of $2.811 billion and a price-to-earnings ratio of 43.84.
CommonWealth REIT (NYSE:CWH) last released its earnings data on Wednesday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.01. The company had revenue of $274.77 million for the quarter, compared to the consensus estimate of $272.75 million. During the same quarter last year, the company posted $0.83 earnings per share. CommonWealth REIT’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that CommonWealth REIT will post $2.71 earnings per share for the current fiscal year.
CommonWealth REIT (NYSE:CWH) is a real estate investment trust (REIT).
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