Corporate Office Properties Trust (OFC) Given Average Rating of “Hold” by Analysts

Shares of Corporate Office Properties Trust (NYSE:OFC) have received a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $29.67.

Several equities research analysts recently issued reports on OFC shares. TheStreet lowered shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research note on Friday, February 9th. ValuEngine lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $30.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Mizuho set a $26.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird set a $28.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday, February 9th.

How to Become a New Pot Stock Millionaire

Shares of Corporate Office Properties Trust stock traded down $0.08 on Wednesday, hitting $27.23. 688,250 shares of the company traded hands, compared to its average volume of 977,347. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Corporate Office Properties Trust has a 12-month low of $24.55 and a 12-month high of $36.03. The stock has a market cap of $2,735.67, a P/E ratio of 13.42, a P/E/G ratio of 7.88 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The company had revenue of $164.57 million for the quarter, compared to analysts’ expectations of $143.44 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. equities research analysts expect that Corporate Office Properties Trust will post 2.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, March 28th. Corporate Office Properties Trust’s payout ratio is presently 54.19%.

In other news, Director Lisa G. Trimberger bought 3,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $25.40 per share, with a total value of $76,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Denton sold 8,500 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $25.98, for a total transaction of $220,830.00. Following the transaction, the director now directly owns 2,508 shares of the company’s stock, valued at approximately $65,157.84. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 5,400 shares of company stock valued at $138,944. 0.60% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB acquired a new position in Corporate Office Properties Trust during the 4th quarter worth $256,000. Envestnet Asset Management Inc. lifted its position in Corporate Office Properties Trust by 27.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 27,757 shares of the real estate investment trust’s stock worth $810,000 after acquiring an additional 5,994 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Corporate Office Properties Trust during the 4th quarter worth $1,840,000. Jane Street Group LLC acquired a new position in Corporate Office Properties Trust during the 4th quarter worth $293,000. Finally, Verition Fund Management LLC acquired a new position in Corporate Office Properties Trust during the 4th quarter worth $804,000.

TRADEMARK VIOLATION WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://ledgergazette.com/2018/04/19/corporate-office-properties-trust-ofc-given-average-rating-of-hold-by-analysts.html.

Corporate Office Properties Trust Company Profile

COPT is an office REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).

Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply