Shares of Corporate Office Properties Trust (NYSE:OFC) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $29.50.

Several research analysts have weighed in on the company. BTIG Research assumed coverage on Corporate Office Properties Trust in a research note on Thursday, August 25th. They issued a “buy” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Corporate Office Properties Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, August 15th. Jefferies Group reiterated a “hold” rating and issued a $27.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, July 29th. Mizuho lifted their target price on Corporate Office Properties Trust from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, KeyCorp downgraded Corporate Office Properties Trust to a “hold” rating in a research note on Friday, July 15th.

Corporate Office Properties Trust (NYSE:OFC) opened at 27.74 on Friday. The company has a 50-day moving average price of $28.39 and a 200 day moving average price of $27.77. Corporate Office Properties Trust has a 1-year low of $19.52 and a 1-year high of $30.55. The firm has a market capitalization of $2.62 billion, a P/E ratio of 27.91 and a beta of 0.89.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Friday, July 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.14. Corporate Office Properties Trust had a net margin of 18.58% and a return on equity of 7.92%. The company earned $145.93 million during the quarter, compared to analysts’ expectations of $116.93 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. Analysts expect that Corporate Office Properties Trust will post $2.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.97%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 111.11%.

In other Corporate Office Properties Trust news, Director David M. Jacobstein sold 1,924 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $28.36, for a total transaction of $54,564.64. Following the sale, the director now directly owns 9,243 shares in the company, valued at $262,131.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $29.49, for a total value of $58,980.00. Following the sale, the director now owns 306,500 shares in the company, valued at $9,038,685. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of OFC. Kempen Capital Management N.V. increased its stake in Corporate Office Properties Trust by 17.5% in the first quarter. Kempen Capital Management N.V. now owns 42,769 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 6,383 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Corporate Office Properties Trust during the first quarter worth approximately $580,000. Landscape Capital Management L.L.C. increased its stake in Corporate Office Properties Trust by 160.6% in the first quarter. Landscape Capital Management L.L.C. now owns 126,898 shares of the real estate investment trust’s stock worth $3,330,000 after buying an additional 78,200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Corporate Office Properties Trust by 436.8% in the first quarter. JPMorgan Chase & Co. now owns 318,334 shares of the real estate investment trust’s stock worth $8,354,000 after buying an additional 259,030 shares during the last quarter. Finally, BlackRock Japan Co. Ltd increased its stake in Corporate Office Properties Trust by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 5,006 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 62 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

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