Corporate Office Properties Trust Director Clay W. Hamlin III Sells 10,000 Shares (OFC)
Corporate Office Properties Trust (NYSE:OFC) Director Clay W. Hamlin III unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Friday, April 4th. The stock was sold at an average price of $27.00, for a total value of $270,000.00. Following the completion of the transaction, the director now directly owns 11,390 shares in the company, valued at approximately $307,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
OFC has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus downgraded shares of Corporate Office Properties Trust to a “buy” rating in a research note on Thursday, February 13th. They now have a $30.00 price target on the stock, up previously from $28.00. Analysts at Wells Fargo & Co. reiterated a “” rating on shares of Corporate Office Properties Trust in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.17.
Shares of Corporate Office Properties Trust (NYSE:OFC) traded up 0.11% during mid-day trading on Monday, hitting $27.05. The stock had a trading volume of 797,287 shares. Corporate Office Properties Trust has a 52 week low of $21.48 and a 52 week high of $29.95. The stock’s 50-day moving average is $26.40 and its 200-day moving average is $24.48. The company has a market cap of $2.354 billion and a price-to-earnings ratio of 41.38.
Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Friday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.28. The company had revenue of $118.49 million for the quarter, compared to the consensus estimate of $95.94 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Corporate Office Properties Trust will post $0.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Thursday, March 27th.
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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