Corporate Office Properties Trust (OFC) Given Average Recommendation of “Hold” by Brokerages

Corporate Office Properties Trust (NYSE:OFC) has been given an average recommendation of “Hold” by the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $34.29.

Several research firms recently issued reports on OFC. Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Capital One Financial Corporation downgraded shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price target on shares of Corporate Office Properties Trust in a research report on Friday, July 14th. Finally, Jefferies Group LLC upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a research note on Monday, September 25th.

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in Corporate Office Properties Trust by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,518,764 shares of the real estate investment trust’s stock valued at $53,202,000 after acquiring an additional 38,331 shares in the last quarter. BlackRock Inc. lifted its stake in Corporate Office Properties Trust by 5,196.2% during the 1st quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock valued at $337,374,000 after acquiring an additional 10,000,151 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Corporate Office Properties Trust by 1.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 970,521 shares of the real estate investment trust’s stock valued at $33,998,000 after acquiring an additional 18,346 shares in the last quarter. Legal & General Group Plc lifted its stake in Corporate Office Properties Trust by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 336,586 shares of the real estate investment trust’s stock valued at $11,791,000 after acquiring an additional 26,232 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Corporate Office Properties Trust by 253.8% during the 2nd quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock valued at $29,820,000 after acquiring an additional 610,641 shares in the last quarter.

Shares of Corporate Office Properties Trust (OFC) traded down 1.01% during mid-day trading on Wednesday, hitting $32.22. 831,180 shares of the stock were exchanged. Corporate Office Properties Trust has a 12-month low of $24.92 and a 12-month high of $36.03. The stock’s market capitalization is $3.16 billion. The stock’s 50 day moving average price is $33.03 and its 200-day moving average price is $33.67.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The business had revenue of $151.44 million during the quarter, compared to the consensus estimate of $138.04 million. During the same quarter last year, the firm posted $0.52 EPS. Corporate Office Properties Trust’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Corporate Office Properties Trust will post $0.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 150.68%.

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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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