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Corporate Office Properties Trust (NYSE:OFC) Director Robert L. Denton unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $28.27, for a total transaction of $70,675.00. Following the completion of the sale, the director now directly owns 3,097 shares in the company, valued at approximately $87,552. The sale was disclosed in a legal filing with the SEC, which is available at 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $27.14.

Corporate Office Properties Trust (NYSE:OFC) traded up 0.28% on Tuesday, hitting $28.29. 444,551 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 has a 50-day moving average of $28.33 and a 200-day moving average of $27.24. The company has a market cap of $2.468 billion and a P/E ratio of 32.02.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings data on Friday, July 25th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters 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. 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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