Corporate Office Properties Trust (NYSE:OFC) Price Target Lowered to $26.00 at Wells Fargo & Company

Corporate Office Properties Trust (NYSE:OFC – Get Rating) had its price target trimmed by Wells Fargo & Company from $31.00 to $26.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

OFC has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on Corporate Office Properties Trust to $29.00 in a research report on Thursday, December 1st. StockNews.com started coverage on Corporate Office Properties Trust in a research report on Thursday. They set a hold rating on the stock.

Corporate Office Properties Trust Stock Performance

Shares of Corporate Office Properties Trust stock opened at $22.87 on Thursday. The stock’s fifty day moving average is $26.35 and its two-hundred day moving average is $25.86. The company has a market capitalization of $2.57 billion, a PE ratio of 14.95 and a beta of 1.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.30. Corporate Office Properties Trust has a 52 week low of $22.22 and a 52 week high of $29.64.

Corporate Office Properties Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a dividend of $0.285 per share. This is an increase from Corporate Office Properties Trust’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, March 30th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.98%. Corporate Office Properties Trust’s dividend payout ratio is presently 71.90%.

Hedge Funds Weigh In On Corporate Office Properties Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis purchased a new stake in shares of Corporate Office Properties Trust during the 4th quarter worth $1,717,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Corporate Office Properties Trust by 17.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 74,701 shares of the real estate investment trust’s stock worth $1,937,000 after purchasing an additional 11,025 shares during the last quarter. CI Private Wealth LLC purchased a new stake in shares of Corporate Office Properties Trust during the 4th quarter worth $724,000. Lazard Asset Management LLC lifted its stake in shares of Corporate Office Properties Trust by 217.2% during the 4th quarter. Lazard Asset Management LLC now owns 3,372 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Corporate Office Properties Trust during the 4th quarter worth $403,000.

Corporate Office Properties Trust Company Profile

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Corporate Office Properties Trust, Inc is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.