CommonWealth REIT Short Interest Down 60.0% in May (CWH)
Shares of CommonWealth REIT (NYSE:CWH) were the target of a large decrease in short interest in May. As of May 30th, there was short interest totalling 4,761,463 shares, a decrease of 60.0% from the May 15th total of 11,898,443 shares, AmericanBankingNews.com reports. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 1,041,869 shares, the days-to-cover ratio is currently 4.6 days.
CWH has been the subject of a number of recent research reports. Analysts at Stifel upgraded shares of CommonWealth REIT from a “sell” rating to a “hold” rating in a research note on Friday, June 13th. Separately, analysts at Stifel Nicolaus upgraded shares of CommonWealth REIT from a “sell” rating to a “hold” rating in a research note on Friday, June 13th. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of CommonWealth REIT from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 28th. They now have a $26.70 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.70.
Shares of CommonWealth REIT (NYSE:CWH) opened at 27.62 on Tuesday. CommonWealth REIT has a 52-week low of $21.59 and a 52-week high of $28.28. The stock has a 50-day moving average of $26.50 and a 200-day moving average of $25.53.
CommonWealth REIT (NYSE:CWH) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.01. The company had revenue of $217.30 million for the quarter, compared to the consensus estimate of $202.97 million. During the same quarter last year, the company posted $0.78 earnings per share. CommonWealth REIT’s revenue was down 17.3% compared to the same quarter last year. Analysts expect that CommonWealth REIT will post $2.29 EPS for the current fiscal year.
CommonWealth REIT (NYSE:CWH) is a real estate investment trust (REIT).
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