News headlines about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.6219907291124 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Brokerages Expect Corporate Office Properties Trust (OFC) Will Announce Quarterly Sales of $127.35 Million (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) Passes Through 4% Yield Mark (nasdaq.com)
- COPT Research Adds Resource on Cap Rates in Its Markets (finance.yahoo.com)
- Corporate Office Properties Inks Build-to-Suit Lease Deal (finance.yahoo.com)
- COPT – Corporate Office Properties Trust: COPT Executes Two Build-to-Suit Leases (twst.com)
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Wednesday, October 18th. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 price objective on shares of Corporate Office Properties Trust in a research report on Friday, October 27th. Jefferies Group raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $39.00 in a research report on Monday, September 25th. TheStreet raised shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Finally, Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Corporate Office Properties Trust presently has an average rating of “Hold” and an average target price of $33.57.
Corporate Office Properties Trust (NYSE:OFC) opened at $27.15 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $2,769.13, a P/E ratio of 13.90 and a beta of 0.81. Corporate Office Properties Trust has a 12 month low of $27.10 and a 12 month high of $36.03.
Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. equities research analysts expect that Corporate Office Properties Trust will post 2.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.
In related news, Director Lisa G. Trimberger purchased 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now directly owns 1,464 shares in the company, valued at $44,490.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul R. Adkins purchased 10,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, December 21st. The stock was bought at an average cost of $29.06 per share, with a total value of $290,600.00. Following the completion of the acquisition, the insider now owns 29,465 shares in the company, valued at $856,252.90. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by corporate insiders.
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Corporate Office Properties Trust Company Profile
Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.
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