Jefferies Group LLC restated their hold rating on shares of Corporate Office Properties Trust (NYSE:OFC) in a research report sent to investors on Tuesday, July 4th. Jefferies Group LLC currently has a $36.00 price objective on the real estate investment trust’s stock.

Several other brokerages have also weighed in on OFC. Zacks Investment Research raised Corporate Office Properties Trust from a sell rating to a hold rating in a research report on Wednesday, March 22nd. Evercore ISI reissued an underperform rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a report on Tuesday, March 28th. ValuEngine raised Corporate Office Properties Trust from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Corporate Office Properties Trust from a hold rating to a buy rating in a research note on Thursday, June 15th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Corporate Office Properties Trust presently has an average rating of Hold and an average price target of $32.75.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down 0.86% during mid-day trading on Tuesday, reaching $32.45. 336,550 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $34.84 and its 200-day moving average price is $33.66. Corporate Office Properties Trust has a 12-month low of $24.92 and a 12-month high of $36.03. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 44.51 and a beta of 0.83.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. During the same quarter last year, the company earned $0.52 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Corporate Office Properties Trust will post $0.81 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.10 annualized dividend and a yield of 3.36%. Corporate Office Properties Trust’s dividend payout ratio is presently 150.68%.

In related news, Director Robert L. Denton sold 2,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total value of $69,020.00. Following the completion of the transaction, the director now owns 294,500 shares of the company’s stock, valued at $10,163,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David M. Jacobstein sold 3,118 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $33.54, for a total value of $104,577.72. Following the transaction, the director now directly owns 8,633 shares in the company, valued at approximately $289,550.82. The disclosure for this sale can be found here. Insiders sold 11,873 shares of company stock valued at $404,400 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its position in Corporate Office Properties Trust by 2.4% in the first quarter. Profund Advisors LLC now owns 17,452 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 406 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Corporate Office Properties Trust by 4.1% in the first quarter. Retirement Systems of Alabama now owns 127,387 shares of the real estate investment trust’s stock worth $4,217,000 after buying an additional 5,016 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Corporate Office Properties Trust by 76.4% in the first quarter. State of Alaska Department of Revenue now owns 65,800 shares of the real estate investment trust’s stock valued at $2,177,000 after buying an additional 28,490 shares in the last quarter. Boston Advisors LLC acquired a new stake in Corporate Office Properties Trust during the first quarter valued at approximately $5,336,000. Finally, Louisiana State Employees Retirement System boosted its stake in Corporate Office Properties Trust by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 1,500 shares in the last quarter.

About Corporate Office Properties Trust

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.

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

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