Corporate Office Properties Trust Stock Rating Reaffirmed by Jefferies Group (OFC)
Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a $24.00 target price on the stock. Jefferies Group’s price target indicates a potential upside of 2.21% from the stock’s previous close.
Corporate Office Properties Trust (NYSE:OFC) traded down 0.97% on Thursday, hitting $23.48. The stock had a trading volume of 606,298 shares. Corporate Office Properties Trust has a one year low of $22.40 and a one year high of $29.95. The stock’s 50-day moving average is $24. and its 200-day moving average is $26.51. The company’s market cap is $2.007 billion.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.01. During the same quarter in the prior year, the company posted $0.54 earnings per share. Analysts expect that Corporate Office Properties Trust will post $0.45 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company cut their price target on shares of Corporate Office Properties Trust (NYSE:OFC) from $28.00 to $25.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at ISI Group upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. They now have a $28.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, July 18th. They now have a $31.00 price target on the stock.
Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.38.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.28 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.68%.
In other Corporate Office Properties Trust news, Director Clay Hamlin III unloaded 5,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $22.81, for a total transaction of $114,050.00. Following the completion of the transaction, the director now directly owns 10,390 shares in the company. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Corporate Office Properties Trust is an office real estate investment trust (NYSE:OFC), which focuses on the customer relationships and specialized tenant requirements in the United States Government and defense information technology, and data sectors.
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