Corporate Office Properties Trust (OFC) Receives Daily Coverage Optimism Rating of 0.17
News stories about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.5879009503203 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- $0.52 Earnings Per Share Expected for Corporate Office Properties Trust (OFC) This Quarter (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) Raised to Buy at ValuEngine (americanbankingnews.com)
- Manchin’s corporate partnership, said to be in blind trust, is right there for all to see (wvmetronews.com)
- Corporate Office Properties Trust : COPT Elects Lisa G. Trimberger to Board of Trustees (4-traders.com)
OFC has been the topic of a number of research reports. Jefferies Group LLC reissued a “neutral” rating and issued a $36.00 price objective (up previously from $32.00) on shares of Corporate Office Properties Trust in a research note on Tuesday, May 30th. BidaskClub downgraded Corporate Office Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Capital One Financial Corporation lowered Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Corporate Office Properties Trust presently has a consensus rating of “Hold” and an average price target of $33.33.
Corporate Office Properties Trust (NYSE OFC) opened at 33.49 on Monday. The stock’s 50 day moving average price is $33.31 and its 200-day moving average price is $33.76. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03. The stock has a market cap of $3.32 billion, a P/E ratio of 45.94 and a beta of 0.84.
Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. During the same quarter last year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Corporate Office Properties Trust will post $0.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio is 150.68%.
In other Corporate Office Properties Trust news, Director Steven D. Kesler sold 3,637 shares of Corporate Office Properties Trust 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert L. Denton sold 2,000 shares of Corporate Office Properties Trust stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $34.51, for a total value of $69,020.00. Following the completion of the sale, the director now directly owns 294,500 shares in the company, valued at approximately $10,163,195. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
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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.
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