Shares of Corporate Office Properties Trust (NYSE:OFC) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $33.33.

OFC has been the topic of a number of research reports. Mizuho downgraded Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Monday, July 10th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Stifel Nicolaus downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating and lowered 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. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $36.00 price objective on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th.

Shares of Corporate Office Properties Trust (NYSE:OFC) traded down 0.06% during mid-day trading on Tuesday, hitting $32.68. The stock had a trading volume of 488,373 shares. The firm has a market cap of $3.24 billion, a PE ratio of 44.83 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. The stock has a 50 day moving average price of $33.52 and a 200 day moving average price of $33.74.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts expect that Corporate Office Properties Trust will post $0.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.37%. Corporate Office Properties Trust’s payout ratio is 150.68%.

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In other news, Director Steven D. Kesler sold 3,637 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total transaction of $128,749.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $34.51, for a total transaction 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. 0.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its position in shares of Corporate Office Properties Trust by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 161,043 shares of the real estate investment trust’s stock worth $5,028,000 after buying an additional 14,295 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of 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 worth $277,000 after buying an additional 260 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Corporate Office Properties Trust by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 1,500 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Corporate Office Properties Trust by 4.1% in the first quarter. Retirement Systems of Alabama now owns 127,387 shares of the real estate investment trust’s stock worth $4,217,000 after buying an additional 5,016 shares during the last quarter. Finally, Profund Advisors LLC raised its position in shares of 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 worth $578,000 after buying an additional 406 shares during the last quarter.

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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