Jefferies Group reiterated their buy rating on shares of Corporate Office Properties Trust (NYSE:OFC) in a research note issued to investors on Wednesday morning. The brokerage currently has a $38.00 price objective on the real estate investment trust’s stock. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2017 earnings at $2.05 EPS, FY2018 earnings at $2.11 EPS and FY2019 earnings at $2.33 EPS.

OFC has been the topic of a number of other reports. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a buy rating to a hold rating in a research note on Thursday, October 19th. BidaskClub upgraded shares of Corporate Office Properties Trust from a sell rating to a hold rating in a research note on Saturday, August 19th. KeyCorp reiterated a hold rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. ValuEngine upgraded shares of Corporate Office Properties Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, Mizuho reiterated a hold rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. One 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. Corporate Office Properties Trust has a consensus rating of Hold and a consensus price target of $33.57.

Corporate Office Properties Trust (NYSE OFC) opened at $30.22 on Wednesday. Corporate Office Properties Trust has a one year low of $29.03 and a one year high of $36.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34. The stock has a market cap of $2,998.23, a PE ratio of 15.05 and a beta of 0.81.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business had revenue of $157.00 million for the quarter, compared to analyst estimates of $142.74 million. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. 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. Shareholders of record on Friday, December 29th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.10 annualized dividend and a yield of 3.64%. Corporate Office Properties Trust’s payout ratio is currently 159.42%.

In related news, Director Lisa G. Trimberger bought 3,000 shares of the stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the completion of the transaction, the director now owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capstone Asset Management Co. grew its position in Corporate Office Properties Trust by 1.0% during the second quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 80 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Corporate Office Properties Trust by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after purchasing an additional 98 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Corporate Office Properties Trust by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 137 shares during the last quarter. World Asset Management Inc grew its position in shares of Corporate Office Properties Trust by 3.8% in the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 229 shares during the last quarter. Finally, Utah Retirement Systems grew its position in shares of Corporate Office Properties Trust by 2.4% in the second quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 595 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/12/10/corporate-office-properties-trust-ofc-earns-buy-rating-from-jefferies-group.html.

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)

Receive News & Stock Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related stocks with our FREE daily email newsletter.