Press coverage about Corporate Office Properties Trust (NYSE:OFC) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.7521509159467 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Corporate Office Properties Trust to Post FY2019 Earnings of $2.24 Per Share, Jefferies Group Forecasts (OFC) (americanbankingnews.com)
- Analysts Offer Predictions for Corporate Office Properties Trust’s FY2018 Earnings (OFC) (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) to Post FY2019 Earnings of $2.06 Per Share, KeyCorp Forecasts (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) Insider Buys $290,600.00 in Stock (americanbankingnews.com)
- Research Analysts Issue Forecasts for Corporate Office Properties Trust’s Q3 2018 Earnings (OFC) (americanbankingnews.com)
Several equities analysts have recently commented on OFC shares. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Jefferies Group raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $39.00 in a research note on Monday, September 25th. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. Finally, TheStreet raised shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.57.
Corporate Office Properties Trust (NYSE:OFC) last issued its 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 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 analysts’ expectations of $142.74 million. During the same quarter in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. research analysts expect that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 159.42%.
In other Corporate Office Properties Trust news, Director Lisa G. Trimberger bought 3,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the acquisition, the director now owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul R. Adkins bought 10,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were acquired at an average price of $29.06 per share, with a total value of $290,600.00. Following the completion of the acquisition, the insider now directly owns 29,465 shares in the company, valued at approximately $856,252.90. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.
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Corporate Office Properties Trust Company Profile
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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