Corporate Office Properties Trust Director David M. Jacobstein Sells 5,900 Shares (OFC)
Corporate Office Properties Trust (NYSE:OFC) Director David M. Jacobstein unloaded 5,900 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $28.18, for a total transaction of $166,262.00. Following the transaction, the director now directly owns 8,087 shares of the company’s stock, valued at approximately $227,892. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Corporate Office Properties Trust (NYSE:OFC) traded down 0.84% during mid-day trading on Thursday, hitting $28.20. 135,848 shares of the company’s stock traded hands. Corporate Office Properties Trust has a 1-year low of $21.48 and a 1-year high of $29.44. The stock’s 50-day moving average is $28.32 and its 200-day moving average is $27.14. The company has a market cap of $2.461 billion and a price-to-earnings ratio of 32.28.
Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Friday, July 25th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.14. The company had revenue of $139.82 million for the quarter, compared to the consensus estimate of $95.32 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Corporate Office Properties Trust will post $0.15 EPS for the current fiscal year.
Separately, 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, July 22nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.14.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.