Corporate Office Properties Trust (OFC) Given Average Rating of “Hold” by Brokerages

Shares of Corporate Office Properties Trust (NYSE:OFC) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. 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. The average 12 month price target among brokerages that have covered the stock in the last year is $33.20.

Several brokerages recently issued reports on OFC. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. BidaskClub upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Jefferies Group upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a report on Monday, September 25th.

In other news, Director Lisa G. Trimberger acquired 3,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $30.39 per share, with a total value of $91,170.00. Following the transaction, the director now directly owns 1,464 shares in the company, valued at approximately $44,490.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

A number of large investors have recently bought and sold shares of OFC. Cadence Capital Management LLC bought a new position in shares of Corporate Office Properties Trust during the second quarter worth about $204,000. World Asset Management Inc lifted its position in shares of Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 229 shares during the last quarter. Garner Asset Management Corp bought a new position in shares of Corporate Office Properties Trust during the second quarter worth about $246,000. Cubist Systematic Strategies LLC bought a new position in shares of Corporate Office Properties Trust during the second quarter worth about $248,000. Finally, Riverhead Capital Management LLC lifted its position in shares of Corporate Office Properties Trust by 48.9% during the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,394 shares during the last quarter.

Shares of Corporate Office Properties Trust (OFC) traded down $0.15 during midday trading on Thursday, reaching $29.65. The company had a trading volume of 856,300 shares, compared to its average volume of 791,340. Corporate Office Properties Trust has a 52-week low of $29.03 and a 52-week high of $36.03. The firm has a market cap of $3,240.00, a P/E ratio of 14.90 and a beta of 0.81. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The firm had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. equities analysts predict that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.71%. Corporate Office Properties Trust’s payout ratio is currently 159.42%.

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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)

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