Brokerages Set Corporate Office Properties Trust (OFC) PT at $25.60

Corporate Office Properties Trust (NYSE:OFC) has received an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $25.60.

A number of equities research analysts recently weighed in on OFC shares. Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. KeyCorp downgraded shares of Corporate Office Properties Trust from a “sector weight” rating to an “underweight” rating and set a $23.00 target price for the company. in a research note on Tuesday, April 23rd.

Shares of NYSE OFC traded down $0.19 during trading on Thursday, reaching $28.12. The company had a trading volume of 466,354 shares, compared to its average volume of 515,335. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.14. The company has a market cap of $3.15 billion, a PE ratio of 13.99, a P/E/G ratio of 2.83 and a beta of 1.03. Corporate Office Properties Trust has a 52 week low of $20.03 and a 52 week high of $31.01.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). The business had revenue of $148.94 million for the quarter, compared to the consensus estimate of $150.89 million. Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. As a group, equities research analysts forecast that Corporate Office Properties Trust will post 2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, June 27th. Corporate Office Properties Trust’s payout ratio is presently 54.73%.

In other news, Director Robert L. Denton sold 4,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.79, for a total value of $107,160.00. Following the transaction, the director now directly owns 276,000 shares of the company’s stock, valued at $7,394,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Denton sold 3,458 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $28.21, for a total transaction of $97,550.18. Following the transaction, the director now directly owns 279,432 shares in the company, valued at $7,882,776.72. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

A number of large investors have recently bought and sold shares of OFC. Nisa Investment Advisors LLC increased its stake in shares of Corporate Office Properties Trust by 142.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,700 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Corporate Office Properties Trust by 36.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,319 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 355 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Corporate Office Properties Trust by 2,069.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 864,333 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 824,484 shares during the period. Fort L.P. increased its position in shares of Corporate Office Properties Trust by 420.6% during the fourth quarter. Fort L.P. now owns 2,150 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,737 shares during the period. Finally, Advisor Group Inc. increased its position in shares of Corporate Office Properties Trust by 51.1% during the first quarter. Advisor Group Inc. now owns 2,071 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Corporate Office Properties Trust Company Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”).

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Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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