Corporate Office Properties Trust Receives Consensus Recommendation of “Hold” from Analysts (NYSE:OFC)
Corporate Office Properties Trust (NYSE:OFC) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $27.14.
Corporate Office Properties Trust (NYSE:OFC) traded up 1.21% on Tuesday, hitting $29.23. 157,180 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 $29.09. The stock has a 50-day moving average of $28.2 and a 200-day moving average of $26.69. The company has a market cap of $2.548 billion and a price-to-earnings ratio of 40.50.
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. On average, analysts predict that Corporate Office Properties Trust will post $0.35 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on OFC shares. Analysts at Jefferies Group raised their price target on shares of Corporate Office Properties Trust from $25.00 to $28.00 in a research note on Tuesday. Separately, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, April 30th. They now have a $28.00 price target on the stock. Finally, analysts at Evercore Partners reiterated an “equal weight” rating on shares of Corporate Office Properties Trust in a research note on Tuesday, April 29th. They now have a $28.00 price target on the stock.
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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