Corporate Office Properties Trust (NYSE:OFC) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

OFC has been the subject of several other reports. Mizuho cut 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 report on Monday, July 10th. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Stifel Nicolaus cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating and reduced their price target for the company from $33.00 to $29.00 in a research report on Tuesday, August 1st. They noted that the move was a valuation call. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price target on shares of Corporate Office Properties Trust in a research report on Tuesday, July 4th. Finally, Capital One Financial Corporation cut Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.75.

Corporate Office Properties Trust (NYSE:OFC) traded down 0.64% during midday trading on Friday, hitting $32.42. The stock had a trading volume of 1,107,139 shares. The stock has a 50-day moving average of $34.13 and a 200-day moving average of $33.67. The firm has a market cap of $3.21 billion, a P/E ratio of 44.47 and a beta of 0.83. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million during the quarter, compared to analysts’ expectations of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. Corporate Office Properties Trust’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Analysts forecast that Corporate Office Properties Trust will post $0.79 EPS for the current fiscal year.

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In other Corporate Office Properties Trust news, Director Steven D. Kesler sold 3,637 shares of the company’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 value of $128,749.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert L. Denton sold 3,118 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $32.73, for a total value of $102,052.14. Following the completion of the sale, the director now owns 2,508 shares in the company, valued at approximately $82,086.84. The disclosure for this sale can be found here. Insiders sold 11,873 shares of company stock worth $404,400 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Veritable L.P. raised its position in shares of Corporate Office Properties Trust by 38.2% in the second quarter. Veritable L.P. now owns 13,715 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 3,794 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Corporate Office Properties Trust by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,396,628 shares of the real estate investment trust’s stock worth $48,924,000 after buying an additional 66,217 shares during the period. Citadel Advisors LLC purchased a new position in shares of Corporate Office Properties Trust during the second quarter worth $7,035,000. Cbre Clarion Securities LLC raised its position in shares of Corporate Office Properties Trust by 41.6% in the second quarter. Cbre Clarion Securities LLC now owns 1,467,025 shares of the real estate investment trust’s stock worth $51,390,000 after buying an additional 431,245 shares during the period. Finally, M&T Bank Corp raised its position in shares of Corporate Office Properties Trust by 9.1% in the second quarter. M&T Bank Corp now owns 9,681 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 809 shares during the period.

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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