Corporate Office Properties Trust (OFC) Stock Rating Reaffirmed by Mizuho

Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “hold” rating restated by stock analysts at Mizuho in a note issued to investors on Wednesday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub cut Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. SunTrust Banks, Inc. restated a “hold” rating and set a $34.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. Capital One Financial Corporation cut Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.57.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. During the same quarter last year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: “Corporate Office Properties Trust (OFC) Stock Rating Reaffirmed by Mizuho” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/11/03/corporate-office-properties-trust-ofc-stock-rating-reaffirmed-by-mizuho.html.

Hedge funds have recently bought and sold shares of the business. Cadence Capital Management LLC bought a new stake in Corporate Office Properties Trust in the second quarter valued at $204,000. World Asset Management Inc lifted its stake in Corporate Office Properties Trust by 3.8% in the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 229 shares during the last quarter. Garner Asset Management Corp bought a new stake in Corporate Office Properties Trust in the second quarter valued at $246,000. Cubist Systematic Strategies LLC bought a new stake in shares of Corporate Office Properties Trust during the second quarter valued at about $248,000. Finally, Riverhead Capital Management LLC raised its stake 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 valued at $255,000 after purchasing an additional 2,394 shares in the last quarter.

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)

What are top analysts saying about Corporate Office Properties Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Corporate Office Properties Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit