Shares of Corporate Office Properties Trust (NYSE:OFC) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.50.

A number of analysts have weighed in on the company. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Evercore ISI reaffirmed an “underperform” rating and set a $32.00 price objective on shares of Corporate Office Properties Trust in a research report on Tuesday, March 28th. Jefferies Group LLC increased their price objective on Corporate Office Properties Trust from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st. Robert W. Baird cut Corporate Office Properties Trust from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $32.00 to $33.00 in a research report on Wednesday, February 15th. Finally, Mizuho increased their price objective on Corporate Office Properties Trust from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, February 13th.

In other news, CAO Greg J. Thor sold 3,555 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $34.02, for a total value of $120,941.10. Following the completion of the sale, the chief accounting officer now directly owns 14,853 shares of the company’s stock, valued at approximately $505,299.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its stake in Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems boosted its stake in Corporate Office Properties Trust by 0.4% in the first quarter. Utah Retirement Systems now owns 24,547 shares of the real estate investment trust’s stock valued at $812,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Corporate Office Properties Trust by 3.2% in the first quarter. Capstone Asset Management Co. now owns 8,365 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 260 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Corporate Office Properties Trust by 2.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,414 shares of the real estate investment trust’s stock valued at $477,000 after buying an additional 385 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in Corporate Office Properties Trust by 2.4% in the first quarter. Profund Advisors LLC now owns 17,452 shares of the real estate investment trust’s stock valued at $578,000 after buying an additional 406 shares in the last quarter. 97.98% of the stock is owned by institutional investors and hedge funds.

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Shares of Corporate Office Properties Trust (NYSE:OFC) traded up 0.99% during mid-day trading on Friday, reaching $33.58. The company’s stock had a trading volume of 466,192 shares. The company’s 50-day moving average is $33.29 and its 200 day moving average is $31.60. The firm has a market capitalization of $3.30 billion, a P/E ratio of 277.52 and a beta of 0.82. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $34.56.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. The company had revenue of $139.80 million during the quarter, compared to analysts’ expectations of $135.16 million. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts expect that Corporate Office Properties Trust will post $0.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.31%. Corporate Office Properties Trust’s dividend payout ratio is currently -2,749.31%.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

5 Day Chart for NYSE:OFC

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