Corporate Office Properties Trust (NYSE:OFC) has earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.88.

A number of equities analysts have commented on the company. Mizuho lowered Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and issued a $36.00 price target on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th. BidaskClub upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th.

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In other Corporate Office Properties Trust news, Director Steven D. Kesler sold 3,637 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $128,749.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Denton sold 3,118 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $32.73, for a total value of $102,052.14. Following the sale, the director now directly owns 2,508 shares of the company’s stock, valued at $82,086.84. The disclosure for this sale can be found here. Insiders sold a total of 11,873 shares of company stock worth $404,400 over the last three months. 0.60% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its position 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 raised its position 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. raised its position 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 raised its position 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 raised its position 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. 98.62% of the stock is owned by institutional investors.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down 2.20% on Monday, reaching $34.19. The company’s stock had a trading volume of 520,877 shares. The company’s 50 day moving average is $34.48 and its 200-day moving average is $33.04. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 282.56 and a beta of 0.84. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Corporate Office Properties Trust had a return on equity of 1.90% and a net margin of 4.56%. The business 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 posted $0.47 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts expect that Corporate Office Properties Trust will post $0.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, June 28th. Corporate Office Properties Trust’s dividend payout ratio is 1,000.09%.

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.

Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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