Evercore ISI upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from an in-line rating to an outperform rating in a report released on Monday morning, Marketbeat reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a hold rating to a buy rating and set a $37.00 target price on the stock in a report on Wednesday, October 18th. SunTrust Banks reiterated a hold rating and issued a $34.00 target price on shares of Corporate Office Properties Trust in a report on Friday, October 27th. Bank of America lowered shares of Corporate Office Properties Trust from a buy rating to a neutral rating in a report on Monday. Jefferies Group upgraded shares of Corporate Office Properties Trust from a hold rating to a buy rating and increased their target price for the stock from $36.00 to $39.00 in a report on Monday, September 25th. Finally, Mizuho restated a hold rating and set a $32.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Corporate Office Properties Trust has an average rating of Hold and a consensus price target of $33.57.

Corporate Office Properties Trust (NYSE:OFC) opened at $29.65 on Monday. Corporate Office Properties Trust has a 52 week low of $29.03 and a 52 week high of $36.03. The stock has a market cap of $2,968.35, a P/E ratio of 14.90 and a beta of 0.81. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. equities research analysts predict that Corporate Office Properties Trust will post 2.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

In related news, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average price of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of OFC. Cadence Capital Management LLC acquired a new stake in Corporate Office Properties Trust in the 2nd quarter worth about $204,000. World Asset Management Inc raised its stake in Corporate Office Properties Trust by 3.8% in the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 229 shares in the last quarter. Garner Asset Management Corp acquired a new stake in Corporate Office Properties Trust in the 2nd quarter worth about $246,000. Cubist Systematic Strategies LLC acquired a new stake in Corporate Office Properties Trust in the 2nd quarter worth about $248,000. Finally, Riverhead Capital Management LLC raised its stake in Corporate Office Properties Trust by 48.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,394 shares in the last quarter.

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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.

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

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