Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “hold” rating restated by research analysts at Stifel Nicolaus in a research note issued on Friday. They currently have a $33.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ price target indicates a potential downside of 4.49% from the company’s previous close.

A number of other research analysts also recently weighed in on OFC. Zacks Investment Research downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. Mizuho downgraded Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Monday, July 10th. Jefferies Group LLC restated 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. Finally, ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.25.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down 0.35% during midday trading on Friday, hitting $34.55. The company had a trading volume of 694,469 shares. The firm has a market capitalization of $3.40 billion, a P/E ratio of 285.54 and a beta of 0.84. The firm’s 50-day moving average is $34.48 and its 200-day moving average is $33.04. Corporate Office Properties Trust has a 12-month low of $24.92 and a 12-month high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The firm had revenue of $139.80 million during the quarter, compared to the consensus estimate of $135.16 million. Corporate Office Properties Trust had a return on equity of 1.90% and a net margin of 4.56%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. On average, analysts predict that Corporate Office Properties Trust will post $0.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.18%. Corporate Office Properties Trust’s dividend payout ratio is currently 1,000.09%.

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In other news, Director Robert L. Denton sold 3,118 shares of Corporate Office Properties Trust stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $32.73, for a total transaction of $102,052.14. Following the completion of the transaction, the director now directly owns 2,508 shares in the company, valued at approximately $82,086.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Denton sold 2,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total value of $69,020.00. Following the transaction, the director now owns 294,500 shares of the company’s stock, valued at $10,163,195. The disclosure for this sale can be found here. Insiders have sold a total of 11,873 shares of company stock valued at $404,400 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of OFC. Harvest Fund Management Co. Ltd acquired a new position in shares of Corporate Office Properties Trust during the fourth quarter valued at approximately $106,000. BlackRock Japan Co. Ltd increased its position in shares of Corporate Office Properties Trust by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 5,006 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 62 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Corporate Office Properties Trust by 290.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,452 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 4,055 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Corporate Office Properties Trust by 75.7% in the second quarter. LS Investment Advisors LLC now owns 5,685 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,450 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Corporate Office Properties Trust by 256.5% in the third quarter. Riverhead Capital Management LLC now owns 6,000 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 4,317 shares in the last quarter.

About Corporate Office Properties Trust

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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