Corporate Office Properties Trust Hits New 52-Week Low at $22.39 (OFC)
Shares of Corporate Office Properties Trust (NYSE:OFC) hit a new 52-week low during trading on Friday, Analyst Ratings Network reports. The stock traded as low as $22.39 and last traded at $22.54, with a volume of 120,356 shares trading hands. The stock had previously closed at $22.58.
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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus target price of $27.38.
Corporate Office Properties Trust has a 1-year low of $22.39 and a 1-year high of $29.95. The stock has a 50-day moving average of $23.40 and a 200-day moving average of $26.17. The company’s market cap is $1.929 billion.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results 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. Stockholders 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 4.87%. 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.
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