Chambers Street Properties Coverage Initiated at SunTrust (CSG)
Analysts at SunTrust began coverage on shares of Chambers Street Properties (NYSE:CSG) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Chambers Street Properties in a research note on Thursday, May 29th. They set an “outperform” rating on the stock. Analysts at Oppenheimer initiated coverage on shares of Chambers Street Properties in a research note on Monday, May 5th. They set a “market perform” rating on the stock.
Chambers Street Properties (NYSE:CSG) traded down 0.62% on Monday, hitting $8.06. The stock had a trading volume of 632,021 shares. Chambers Street Properties has a 52 week low of $7.16 and a 52 week high of $9.55. The stock has a 50-day moving average of $8.08 and a 200-day moving average of $7.86. The company has a market cap of $1.902 billion and a price-to-earnings ratio of 579.29.
Chambers Street Properties (NYSE:CSG) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.01. On average, analysts predict that Chambers Street Properties will post $0.68 earnings per share for the current fiscal year.
Chambers Street Properties is a net lease real estate investment trust. The Company is focused on acquiring, owning and operating industrial and office properties leased to a diversified mix of creditworthy tenants across a range of industries.
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