Corporate Office Properties Trust Stock Rating Reaffirmed by Evercore Partners (OFC)
Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “equal weight” rating restated by analysts at Evercore Partners in a research report issued to clients and investors on Tuesday, AR Network reports. They currently have a $28.00 price target on the stock. Evercore Partners’ target price would indicate a potential upside of 4.87% from the stock’s previous close.
Shares of Corporate Office Properties Trust (NYSE:OFC) traded down 0.52% on Tuesday, hitting $26.56. 207,043 shares of the company’s stock traded hands. Corporate Office Properties Trust has a one year low of $21.48 and a one year high of $29.95. The stock has a 50-day moving average of $26.45 and a 200-day moving average of $24.85. The company has a market cap of $2.311 billion and a P/E ratio of 40.89.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.35. The company had revenue of $146.67 million for the quarter, compared to the consensus estimate of $95.68 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts expect that Corporate Office Properties Trust will post $0.93 EPS for the current fiscal year.
OFC has been the subject of a number of other recent research reports. Analysts at ISI Group downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $27.00 price target on the stock. 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.29.
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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