Corporate Office Properties Trust (NYSE:OFC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other research analysts have also weighed in on OFC. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “neutral” rating and set a $36.00 target price (up previously from $32.00) on shares of Corporate Office Properties Trust in a report on Tuesday, May 30th. BidaskClub raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Mizuho lowered Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.33.

Shares of Corporate Office Properties Trust (OFC) opened at 33.49 on Friday. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The firm’s 50-day moving average is $33.31 and its 200-day moving average is $33.76. The firm has a market capitalization of $3.32 billion, a P/E ratio of 45.94 and a beta of 0.84.

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

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In other news, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven D. Kesler sold 3,637 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total value of $128,749.80. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cadence Capital Management LLC acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at approximately $204,000. World Asset Management Inc acquired a new position in shares of Corporate Office Properties Trust during the first quarter valued at approximately $201,000. Bailard Inc. acquired a new position in shares of Corporate Office Properties Trust during the first quarter valued at approximately $202,000. LS Investment Advisors LLC raised its position in shares of Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 97 shares during the last quarter. Finally, Garner Asset Management Corp acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at approximately $246,000.

Corporate Office Properties Trust Company Profile

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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