A number of research firms have changed their ratings and price targets for Corporate Office Properties Trust (NYSE: OFC):

  • 8/19/2017 – Corporate Office Properties Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/11/2017 – Corporate Office Properties Trust was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/3/2017 – Corporate Office Properties Trust was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Corporate Office Properties Trust was downgraded by analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating. They now have a $29.00 price target on the stock, down previously from $33.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/31/2017 – Corporate Office Properties Trust was downgraded by analysts at Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating.
  • 7/27/2017 – Corporate Office Properties Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/14/2017 – Corporate Office Properties Trust had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $33.00 price target on the stock.
  • 7/12/2017 – Corporate Office Properties Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services. “
  • 7/11/2017 – Corporate Office Properties Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – Corporate Office Properties Trust was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $38.00 price target on the stock.
  • 7/4/2017 – Corporate Office Properties Trust had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $36.00 price target on the stock.

Corporate Office Properties Trust (NYSE:OFC) opened at 32.77 on Monday. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The stock’s 50 day moving average price is $33.76 and its 200-day moving average price is $33.69. The stock has a market capitalization of $3.25 billion, a P/E ratio of 44.95 and a beta of 0.83.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $151.44 million during the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities research analysts expect that Corporate Office Properties Trust will post $0.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.36%. Corporate Office Properties Trust’s dividend payout ratio is presently 150.68%.

In other news, Director Steven D. Kesler sold 3,637 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $128,749.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total value of $69,020.00. Following the transaction, the director now owns 294,500 shares of the company’s stock, valued at $10,163,195. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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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