Corporate Office Properties Trust Given Rating at Wells Fargo & Co. (OFC)
Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “” rating reiterated by equities researchers at Wells Fargo & Co. in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Corporate Office Properties Trust (NYSE:OFC) traded down 0.08% during mid-day trading on Tuesday, hitting $24.33. The stock had a trading volume of 835,601 shares. Corporate Office Properties Trust has a 1-year low of $21.48 and a 1-year high of $29.95. The stock’s 50-day moving average is $22.91 and its 200-day moving average is $24.17. The company has a market cap of $2.117 billion and a price-to-earnings ratio of 6087.50.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.21. The company had revenue of $136.00 million for the quarter, compared to the consensus estimate of $96.48 million. During the same quarter last year, the company posted $0.53 earnings per share. Corporate Office Properties Trust’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Corporate Office Properties Trust will post $0.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of 0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, December 27th.
OFC has been the subject of a number of other recent research reports. Analysts at KeyCorp upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 19th. Separately, analysts at BMO Capital Markets downgraded shares of Corporate Office Properties Trust from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, November 18th. They now have a $24.00 price target on the stock, down previously from $34.00. Finally, analysts at Merrill Lynch upgraded shares of Corporate Office Properties Trust to a “buy” rating in a research note to investors on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.33.
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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