News headlines about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.5516506079936 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
Corporate Office Properties Trust (NYSE OFC) traded down $0.65 on Monday, reaching $27.15. 761,980 shares of the company’s stock traded hands, compared to its average volume of 593,700. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. The firm has a market cap of $2,704.38, a PE ratio of 39.35 and a beta of 0.81. Corporate Office Properties Trust has a 52-week low of $27.10 and a 52-week high of $36.03.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $157.00 million during 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 company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. sell-side analysts expect that Corporate Office Properties Trust will post 2.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is presently 159.42%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Evercore ISI upgraded shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, November 1st. Jefferies Group upgraded shares of 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 report on Monday, September 25th. Finally, Bank of America cut shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Two research 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. Corporate Office Properties Trust currently has a consensus rating of “Hold” and an average target price of $33.57.
In related news, insider Paul R. Adkins acquired 10,000 shares of the stock in a transaction on Thursday, December 21st. The stock was purchased at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the transaction, the insider now owns 29,465 shares of the company’s stock, valued at approximately $856,252.90. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Lisa G. Trimberger acquired 3,000 shares of the stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $30.39 per share, with a total value of $91,170.00. Following the transaction, the director now directly owns 1,464 shares in the company, valued at approximately $44,490.96. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.
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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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