Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a research report issued to clients and investors on Wednesday. They presently have a $38.00 target price on the real estate investment trust’s stock. Jefferies Group’s target price suggests a potential upside of 27.52% from the stock’s current price. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2017 earnings at $2.05 EPS, FY2018 earnings at $2.11 EPS and FY2019 earnings at $2.33 EPS.

Other analysts have also recently issued reports about the stock. TheStreet raised shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a report on Thursday, October 26th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. Finally, BidaskClub raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.57.

Shares of Corporate Office Properties Trust (OFC) traded down $0.80 during trading hours on Wednesday, hitting $29.80. 1,041,800 shares of the company’s stock were exchanged, compared to its average volume of 791,063. The firm has a market capitalization of $3,048.03, a PE ratio of 15.30 and a beta of 0.81. Corporate Office Properties Trust has a 52 week low of $28.62 and a 52 week high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. sell-side analysts predict that Corporate Office Properties Trust will post 2.04 earnings per share for the current fiscal year.

In other news, Director Lisa G. Trimberger acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average price of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now directly owns 1,464 shares in the company, valued at $44,490.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Capstone Asset Management Co. increased its stake in Corporate Office Properties Trust by 1.0% during the 2nd quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 80 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Corporate Office Properties Trust by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 98 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Corporate Office Properties Trust by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 137 shares during the period. World Asset Management Inc increased its stake in Corporate Office Properties Trust by 3.8% during the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 229 shares during the period. Finally, Utah Retirement Systems increased its stake in Corporate Office Properties Trust by 2.4% during the 2nd quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 595 shares during the period.

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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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