Insider Selling: David M. Jacobstein Unloads 5,900 Shares of Corporate Office Properties Trust Stock (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 sale, the director now directly owns 8,087 shares in the company, valued at approximately $227,892. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.14.
Corporate Office Properties Trust (NYSE:OFC) opened at 27.98 on Monday. Corporate Office Properties Trust has a 52 week low of $21.48 and a 52 week high of $29.44. The stock has a 50-day moving average of $28.32 and a 200-day moving average of $27.18. The company has a market cap of $2.441 billion and a price-to-earnings ratio of 31.99.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Corporate Office Properties Trust will post $0.15 earnings per share for the current fiscal year.
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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