News headlines about Corporate Office Properties Trust (NYSE:OFC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.779312774232 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Contrasting Corporate Office Properties Trust (OFC) and Its Peers (americanbankingnews.com)
- Corporate Office Properties Trust’s (OFC) “Hold” Rating Reiterated at Mizuho (americanbankingnews.com)
- COPT Announces Offering of Common Shares (finance.yahoo.com)
- Corporate Office Properties Trust : COPT Announces Pricing of Offering of Common Shares (4-traders.com)
Several equities analysts recently issued reports on OFC shares. Mizuho lowered shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a report on Monday, July 10th. BidaskClub lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and issued a $33.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 14th. Finally, Capital One Financial Corporation lowered shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $34.57.
Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $142.74 million. During the same period last year, the company posted $0.51 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a $0.275 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.39%. Corporate Office Properties Trust’s dividend payout ratio is 159.42%.
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.
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