CommonWealth REIT (CWH) Announces Quarterly Dividend of $0.25
CommonWealth REIT (NYSE:CWH) declared a quarterly dividend on Wednesday, October 9th, Analyst Ratings.Net reports. Investors of record on Friday, October 25th will be given a dividend of $0.25 per share on Friday, November 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.16%.
On a related note, 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.
Shares of CommonWealth REIT (NYSE:CWH) opened at 24.01 on Wednesday. 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 $23.63 and a 200-day moving average of $22.72. The company has a market cap of $2.841 billion and a P/E ratio of 44.30.
CommonWealth REIT (NYSE:CWH) last released its earnings data on Wednesday, August 7th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. 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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