Boston, MA 01/07/2013 (wallstreetpr) – Shares of the Chambers Street Properties (NYSE:CSG) surged by 7.30 percent to close at $10.00 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $9.08 to $10.00 per share during the day. The Chambers Street Properties (NYSE:CSG) had a market capitalization of $2.49 billion. The stock opened at $9.23 per share. The 52 week high value of the company is at $10.10 and 52 week low is at $8.75 per share.
The shares of Chambers Street Properties (NYSE:CSG) had started to trade ex dividend beginning from June 26, 2013. It had been announced that cash dividend of $0.15 per share would be made to the shareholders of the company on July 12, 2013. Shareholders who purchased this company stock prior to the ex-dividend date would be eligible to receive the cash dividend payment. The dividend yield of Chambers Street Properties (NYSE:CSG) for this fiscal year had been calculated to be 5.35 percent.
Chambers Street Properties (NYSE:CSG) primarily operates in the consumer services sectors and also includes Simon Property Group, Inc and American Tower Corporation as its subsidiaries. A recent announcement made by the company conveys that around $125 aggregate value of common shares of the company had been modified in the tender offer of Dutch Auction. Around 76 million shares were tendered and minimal shareholders with 99 shares or less were given the first preference in the tender offer at a purchase price of $10.10 per share.
Chambers Street Properties (NYSE:CSG) presently had around 248.95 million shares outstanding in the market with a total market capitalization at $2.49 billion. The company had experienced the trade of around 23.76 million shares on Friday which was nearly ten times the average trading volume for Chambers Street Properties (NYSE:CSG) at 2.37 million shares per day.