Mizuho reiterated their hold rating on shares of Corporate Office Properties Trust (NYSE:OFC) in a research note issued to investors on Monday. They currently have a $31.00 price objective on the real estate investment trust’s stock.

A number of other brokerages have also commented on OFC. Zacks Investment Research raised Corporate Office Properties Trust from a sell rating to a hold rating in a report on Saturday, July 28th. Stifel Nicolaus reissued a sell rating and set a $25.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, July 27th. ValuEngine raised Corporate Office Properties Trust from a sell rating to a hold rating in a report on Thursday, July 5th. Jefferies Financial Group reissued a $28.83 rating on shares of Corporate Office Properties Trust in a report on Wednesday, July 18th. Finally, Wells Fargo & Co began coverage on Corporate Office Properties Trust in a report on Friday, April 20th. They set a market perform rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $31.11.

Shares of Corporate Office Properties Trust opened at $30.39 on Monday, MarketBeat reports. Corporate Office Properties Trust has a one year low of $24.55 and a one year high of $33.81. The stock has a market capitalization of $3.17 billion, a P/E ratio of 14.97, a PEG ratio of 4.48 and a beta of 0.70. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.98 and a quick ratio of 1.98.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, July 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $155.10 million. Corporate Office Properties Trust had a return on equity of 4.52% and a net margin of 10.81%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. analysts expect that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.275 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.62%. Corporate Office Properties Trust’s payout ratio is presently 54.19%.

In related news, Director David M. Jacobstein sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $30.64, for a total value of $76,600.00. Following the transaction, the director now owns 9,591 shares in the company, valued at $293,868.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert L. Denton sold 2,508 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $26.69, for a total value of $66,938.52. Following the completion of the transaction, the director now owns 3,458 shares in the company, valued at approximately $92,294.02. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of OFC. Centersquare Investment Management LLC purchased a new position in Corporate Office Properties Trust in the first quarter valued at approximately $49,919,000. Frontier Capital Management Co. LLC purchased a new position in Corporate Office Properties Trust in the first quarter valued at approximately $49,111,000. Citadel Advisors LLC lifted its stake in Corporate Office Properties Trust by 487.5% in the first quarter. Citadel Advisors LLC now owns 1,425,536 shares of the real estate investment trust’s stock valued at $36,821,000 after purchasing an additional 1,182,912 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Corporate Office Properties Trust in the second quarter valued at approximately $23,004,000. Finally, Strs Ohio lifted its stake in Corporate Office Properties Trust by 86.8% in the second quarter. Strs Ohio now owns 1,018,418 shares of the real estate investment trust’s stock valued at $29,523,000 after purchasing an additional 473,338 shares during the last quarter.

Corporate Office Properties Trust Company Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).

See Also: Book Value Per Share – BVPS

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

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