Corporate Office Properties Trust (NYSE:OFC) Receives $26.83 Consensus PT from Analysts

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Shares of Corporate Office Properties Trust (NYSE:OFC) have received an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.83.

A number of research firms have commented on OFC. BTIG Research lowered Tableau Software from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. KeyCorp set a $79.00 price objective on Prologis and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research note on Thursday.

In other news, Director Robert L. Denton sold 3,458 shares of Corporate Office Properties Trust stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $28.21, for a total value of $97,550.18. Following the transaction, the director now owns 279,432 shares in the company, valued at approximately $7,882,776.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc increased its stake in shares of Corporate Office Properties Trust by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 14,929,426 shares of the real estate investment trust’s stock valued at $445,345,000 after purchasing an additional 236,834 shares during the last quarter. BlackRock Inc. increased its stake in shares of Corporate Office Properties Trust by 2.1% in the 1st quarter. BlackRock Inc. now owns 12,596,646 shares of the real estate investment trust’s stock valued at $343,888,000 after purchasing an additional 257,097 shares during the last quarter. FMR LLC increased its stake in shares of Corporate Office Properties Trust by 33.1% in the 1st quarter. FMR LLC now owns 12,463,394 shares of the real estate investment trust’s stock valued at $340,250,000 after purchasing an additional 3,096,607 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Corporate Office Properties Trust by 18.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,402,346 shares of the real estate investment trust’s stock valued at $92,884,000 after acquiring an additional 538,554 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Corporate Office Properties Trust by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,768,599 shares of the real estate investment trust’s stock valued at $37,194,000 after acquiring an additional 29,809 shares in the last quarter. Institutional investors own 96.00% of the company’s stock.

Corporate Office Properties Trust stock traded down $0.12 during mid-day trading on Friday, reaching $27.25. 27,258 shares of the company were exchanged, compared to its average volume of 950,454. The firm’s fifty day simple moving average is $28.00. Corporate Office Properties Trust has a 12 month low of $20.03 and a 12 month high of $31.01. 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 $3.11 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.98 and a beta of 0.86.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The company had revenue of $148.94 million for the quarter, compared to the consensus estimate of $150.89 million. During the same quarter last year, the business earned $0.50 EPS. Corporate Office Properties Trust’s revenue was down 4.2% on a year-over-year basis. As a group, research analysts expect that Corporate Office Properties Trust will post 2.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.275 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.10 annualized dividend and a dividend yield of 4.04%. Corporate Office Properties Trust’s payout ratio is 54.73%.

About Corporate Office Properties Trust

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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