A number of firms have modified their ratings and price targets on shares of Corporate Office Properties Trust (NYSE: OFC) recently:

  • 8/3/2017 – Corporate Office Properties Trust was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Corporate Office Properties Trust was downgraded by analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating. They now have a $29.00 price target on the stock, down previously from $33.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/31/2017 – Corporate Office Properties Trust was downgraded by analysts at Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating.
  • 7/27/2017 – Corporate Office Properties Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/14/2017 – Corporate Office Properties Trust had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $33.00 price target on the stock.
  • 7/12/2017 – Corporate Office Properties Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services. “
  • 7/11/2017 – Corporate Office Properties Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – Corporate Office Properties Trust was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $38.00 price target on the stock.
  • 7/4/2017 – Corporate Office Properties Trust had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $36.00 price target on the stock.
  • 6/15/2017 – Corporate Office Properties Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Corporate Office Properties Trust (OFC) opened at 32.27 on Tuesday. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03. The stock has a market cap of $3.20 billion, a P/E ratio of 44.27 and a beta of 0.83. The firm’s 50-day moving average is $34.84 and its 200 day moving average is $33.66.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. Analysts forecast that Corporate Office Properties Trust will post $0.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.10 annualized dividend and a yield of 3.41%. Corporate Office Properties Trust’s dividend payout ratio is currently 150.68%.

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

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.

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