TheStreet Lowers Corporate Office Properties Trust (OFC) to C

TheStreet cut shares of Corporate Office Properties Trust (NYSE:OFC) from a b- rating to a c rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on OFC. Zacks Investment Research raised Corporate Office Properties Trust from a hold rating to a buy rating and set a $37.00 target price for the company in a research note on Wednesday, October 18th. SunTrust Banks reissued a hold rating and set a $34.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. Mizuho restated a hold rating on shares of Corporate Office Properties Trust in a research report on Wednesday, November 1st. Bank of America lowered Corporate Office Properties Trust from a buy rating to a neutral rating in a research report on Monday, December 4th. Finally, Evercore ISI upgraded Corporate Office Properties Trust from an in-line rating to an outperform rating in a research report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $31.29.

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

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 (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.43). The business had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. Corporate Office Properties Trust’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. equities analysts expect that Corporate Office Properties Trust will post 2.02 EPS for the current year.

In related news, insider Paul R. Adkins bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was purchased at an average cost of $29.06 per share, for a total transaction of $290,600.00. Following the completion of the acquisition, the insider now owns 29,465 shares in the company, valued at approximately $856,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa G. Trimberger bought 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 1,464 shares of the company’s stock, 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.

A number of large investors have recently added to or reduced their stakes in the stock. ARP Americas LP purchased a new position in Corporate Office Properties Trust in the fourth quarter valued at $266,000. American International Group Inc. boosted its holdings in Corporate Office Properties Trust by 1.3% in the fourth quarter. American International Group Inc. now owns 206,098 shares of the real estate investment trust’s stock valued at $6,018,000 after purchasing an additional 2,610 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Corporate Office Properties Trust by 17.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,955 shares of the real estate investment trust’s stock valued at $7,941,000 after purchasing an additional 40,004 shares during the period. BlackRock Inc. boosted its holdings in Corporate Office Properties Trust by 5.6% in the fourth quarter. BlackRock Inc. now owns 11,314,176 shares of the real estate investment trust’s stock valued at $330,375,000 after purchasing an additional 604,417 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Corporate Office Properties Trust by 58.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,637,510 shares of the real estate investment trust’s stock valued at $135,415,000 after purchasing an additional 1,714,971 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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