Corporate Office Properties Trust (OFC) Given Consensus Rating of “Hold” by Brokerages
Corporate Office Properties Trust (NYSE:OFC) has received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $29.67.
A number of research firms have weighed in on OFC. Mizuho restated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Jefferies Group reissued a “buy” rating and set a $38.00 price objective on shares of Corporate Office Properties Trust in a research report on Wednesday, December 6th.
In other news, Director Robert L. Denton sold 8,500 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $25.98, for a total transaction of $220,830.00. Following the sale, the director now owns 2,508 shares in the company, valued at approximately $65,157.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa G. Trimberger bought 3,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of $30.39 per share, for a total transaction of $91,170.00. Following the acquisition, the director now owns 1,464 shares in the company, valued at approximately $44,490.96. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 16,000 shares of company stock worth $457,970. Insiders own 0.60% of the company’s stock.
Shares of Corporate Office Properties Trust (OFC) traded up $0.38 on Tuesday, hitting $26.03. The company’s stock had a trading volume of 911,567 shares, compared to its average volume of 1,099,657. The firm has a market capitalization of $2,636.42, a PE ratio of 45.67, a PEG ratio of 7.57 and a beta of 0.68. Corporate Office Properties Trust has a 12 month low of $24.78 and a 12 month high of $36.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 1.81.
Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business had revenue of $164.57 million during the quarter, compared to analyst estimates of $143.44 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, March 28th. Corporate Office Properties Trust’s payout ratio is currently 192.99%.
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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.
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