Stock Traders Buy High Volume of Cole Real Estate Investments Call Options (COLE)
Cole Real Estate Investments (NASDAQ:COLE) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 19,950 call options on the company, AnalystRatingsNetwork.com reports. This represents an increase of approximately 1,298% compared to the average daily volume of 1,427 call options.
COLE has been the subject of a number of recent research reports. Analysts at FBR Capital Markets downgraded shares of Cole Real Estate Investments from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 10th. They now have a $14.00 price target on the stock. Analysts at Zacks upgraded shares of Cole Real Estate Investments from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $15.10 price target on the stock.
Cole Real Estate Investments (NASDAQ:COLE) opened at 15.34 on Wednesday. Cole Real Estate Investments has a 1-year low of $9.85 and a 1-year high of $15.52. The stock has a 50-day moving average of $14.24 and a 200-day moving average of $12.84. The company has a market cap of $7.200 billion and a price-to-earnings ratio of 33.73.
Cole Real Estate Investments (NASDAQ:COLE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.13. The company had revenue of $366.60 million for the quarter, compared to the consensus estimate of $156.89 million. On average, analysts predict that Cole Real Estate Investments will post $0.29 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of 0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Wednesday, February 5th. This is a boost from Cole Real Estate Investments’s previous monthly dividend of $0.08.
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