Insider Selling: Corporate Office Properties Trust Director Sells 5,000 Shares of Stock (OFC)
Corporate Office Properties Trust (NYSE:OFC) Director Clay Hamlin III sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $24.00, for a total transaction of $120,000.00. Following the transaction, the director now directly owns 11,390 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on OFC shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Corporate Office Properties Trust (NYSE:OFC) in a research note to investors on Thursday, September 12th. They now have a $24.00 price target on the stock. Separately, 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, September 12th. They now have a “market perform” rating on the stock. Finally, 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.
Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Corporate Office Properties Trust currently has an average rating of “Hold” and a consensus target price of $27.38.
Corporate Office Properties Trust (NYSE:OFC) remained flat at $24.70 during trading on Thursday. The stock had a trading volume of 683,883 shares. Corporate Office Properties Trust has a 52-week low of $22.40 and a 52-week high of $29.95. The stock’s 50-day moving average is $23.87 and its 200-day moving average is $26.44. The company’s market cap is $2.111 billion.
Corporate Office Properties Trust (NYSE:OFC) last released its earnings data on Friday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, analysts predict that Corporate Office Properties Trust will post $0.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.28 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Thursday, September 26th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.