Corporate Office Properties Trust (OFC) Given a $28.00 Price Target by Robert W. Baird Analysts

Robert W. Baird set a $28.00 price objective on Corporate Office Properties Trust (NYSE:OFC) in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. ValuEngine downgraded Corporate Office Properties Trust from a buy rating to a hold rating in a report on Friday, February 2nd. 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. Zacks Investment Research raised 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. Evercore ISI raised Corporate Office Properties Trust from an in-line rating to an outperform rating in a research note on Monday, December 4th. Finally, Bank of America downgraded Corporate Office Properties Trust from a buy rating to a neutral rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Corporate Office Properties Trust has an average rating of Hold and a consensus price target of $32.14.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $25.51 on Friday. Corporate Office Properties Trust has a fifty-two week low of $24.93 and a fifty-two week high of $36.03. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.53. The firm has a market capitalization of $2,618.65, a PE ratio of 44.76 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The firm had revenue of $164.57 million during the quarter, compared to analysts’ expectations of $143.44 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. analysts anticipate that Corporate Office Properties Trust will post 2.02 earnings per share for the current fiscal year.

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

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $248,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Corporate Office Properties Trust during the 4th quarter worth approximately $237,000. Shelton Capital Management purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $293,000. ARP Americas LP purchased a new position in shares of Corporate Office Properties Trust during the 4th quarter worth approximately $266,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Corporate Office Properties Trust during the 3rd quarter worth approximately $314,000.

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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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