Corporate Office Properties Trust (NYSE:OFC) – Stock analysts at KeyCorp upped their FY2017 EPS estimates for Corporate Office Properties Trust in a research note issued on Monday. KeyCorp analyst C. Mailman now forecasts that the firm will post earnings of $2.10 per share for the year, up from their prior estimate of $2.08.

Several other research firms also recently weighed in on OFC. Mizuho increased their price objective on Corporate Office Properties Trust from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. upped their price target on Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, August 15th. Finally, BTIG Research began coverage on Corporate Office Properties Trust in a research note on Thursday, August 25th. They set a “buy” rating and a $33.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.14.

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 29.18 on Tuesday. The firm has a market cap of $2.76 billion, a PE ratio of 87.89 and a beta of 0.88. The firm’s 50-day moving average is $27.47 and its 200 day moving average is $28.12. Corporate Office Properties Trust has a 52 week low of $19.52 and a 52 week high of $30.55.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Corporate Office Properties Trust had a net margin of 8.00% and a return on equity of 3.41%. The company had revenue of $142.10 million for the quarter, compared to analysts’ expectations of $125.03 million. During the same quarter in the previous year, the company posted $0.52 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis.

In other news, Director Steven D. Kesler sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. LS Investment Advisors LLC boosted its position in Corporate Office Properties Trust by 75.7% in the second quarter. LS Investment Advisors LLC now owns 5,685 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,450 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Corporate Office Properties Trust by 186.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,998 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 3,903 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Corporate Office Properties Trust by 256.5% in the third quarter. Riverhead Capital Management LLC now owns 6,000 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 4,317 shares during the last quarter. SECOR Capital Advisors LP acquired a new position in Corporate Office Properties Trust during the second quarter valued at about $203,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Corporate Office Properties Trust during the second quarter valued at about $215,000. Hedge funds and other institutional investors own 98.44% 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.

5 Day Chart for NYSE:OFC

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