Corporate Office Properties Trust (OFC) Cut to Hold at ValuEngine

Corporate Office Properties Trust (NYSE:OFC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts have also recently issued research reports about the company. TheStreet upgraded Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and set a $38.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. SunTrust Banks set a $30.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Corporate Office Properties Trust has an average rating of “Hold” and a consensus price target of $33.00.

Corporate Office Properties Trust (OFC) traded up $0.21 on Friday, hitting $26.88. The stock had a trading volume of 728,144 shares, compared to its average volume of 587,883. The stock has a market cap of $2,677.49, a PE ratio of 38.96 and a beta of 0.68. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34. Corporate Office Properties Trust has a 52 week low of $26.26 and a 52 week high of $36.03.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now owns 1,464 shares in the company, valued at $44,490.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul R. Adkins bought 10,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, December 21st. The stock was acquired at an average cost of $29.06 per share, with a total value of $290,600.00. Following the acquisition, the insider now owns 29,465 shares in the company, valued at approximately $856,252.90. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. M&T Bank Corp increased its holdings in shares of Corporate Office Properties Trust by 9.1% in the 2nd quarter. M&T Bank Corp now owns 9,681 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 809 shares in the last quarter. Phocas Financial Corp. increased its holdings in shares of Corporate Office Properties Trust by 6.6% in the 2nd quarter. Phocas Financial Corp. now owns 14,013 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 871 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Corporate Office Properties Trust by 3.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 29,755 shares of the real estate investment trust’s stock worth $1,042,000 after purchasing an additional 876 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Corporate Office Properties Trust by 0.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 157,116 shares of the real estate investment trust’s stock worth $5,504,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Corporate Office Properties Trust by 5.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 36,657 shares of the real estate investment trust’s stock worth $1,203,000 after acquiring an additional 1,854 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.

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Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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