Corporate Office Properties Trust (NYSE:OFC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

OFC has been the subject of several other reports. Wells Fargo & Co reissued a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, August 15th. Bank of America reduced their price target on Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating for the company in a report on Monday, October 29th. Stifel Nicolaus reissued a “sell” rating and issued a $25.00 price target on shares of Corporate Office Properties Trust in a report on Friday, July 27th. Mizuho reissued a “hold” rating and issued a $31.00 price target on shares of Corporate Office Properties Trust in a report on Monday, August 6th. Finally, Robert W. Baird reissued a “hold” rating and issued a $29.00 price target on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.00.

OFC opened at $24.73 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.84 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.89 and a beta of 0.75. Corporate Office Properties Trust has a 12 month low of $24.55 and a 12 month high of $31.53.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $137.41 million during the quarter, compared to analysts’ expectations of $129.45 million. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%. As a group, research analysts forecast that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. Qube Research & Technologies Ltd purchased a new position in Corporate Office Properties Trust in the 2nd quarter valued at approximately $123,000. Private Advisor Group LLC purchased a new position in Corporate Office Properties Trust in the 3rd quarter valued at approximately $210,000. Nissay Asset Management Corp Japan ADV purchased a new position in Corporate Office Properties Trust in the 3rd quarter valued at approximately $211,000. NN Investment Partners Holdings N.V. purchased a new position in Corporate Office Properties Trust in the 3rd quarter valued at approximately $234,000. Finally, Quantbot Technologies LP purchased a new position in Corporate Office Properties Trust in the 3rd quarter valued at approximately $243,000.

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”).

Recommended Story: Why investors pay attention to retained earnings

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.