Insider Selling: Corporate Office Properties Trust Director Sells 2,500 Shares of Stock (OFC)
Corporate Office Properties Trust (NYSE:OFC) Director Robert L. Denton sold 2,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $87,552. The sale was disclosed in a 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.14.
Corporate Office Properties Trust (NYSE:OFC) traded up 0.14% during mid-day trading on Thursday, hitting $28.24. 157,853 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 $29.44. The stock’s 50-day moving average is $28.35 and its 200-day moving average is $27.27. The company has a market cap of $2.464 billion and a P/E ratio of 32.01.
Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results 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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