Corporate Office Properties Trust (OFC) Director Robert L. Denton Sells 8,500 Shares of Stock

Corporate Office Properties Trust (NYSE:OFC) Director Robert L. Denton sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $25.98, for a total transaction of $220,830.00. Following the completion of the transaction, the director now owns 2,508 shares of the company’s stock, valued at $65,157.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Corporate Office Properties Trust (NYSE OFC) traded up $0.26 during mid-day trading on Friday, hitting $25.92. 1,534,053 shares of the stock traded hands, compared to its average volume of 1,024,140. Corporate Office Properties Trust has a 1 year low of $24.78 and a 1 year 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 stock has a market capitalization of $2,548.14, a P/E ratio of 45.47 and a beta of 0.68.

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

A number of research firms have weighed in on OFC. TheStreet lowered shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research report on Friday, February 9th. Mizuho set a $26.00 target price on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Tuesday. SunTrust Banks set a $29.00 target price on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Friday, February 9th. Robert W. Baird set a $28.00 target price on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, ValuEngine downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research 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 company has a consensus rating of “Hold” and a consensus price target of $31.29.

Several hedge funds have recently added to or reduced their stakes in OFC. MetLife Investment Advisors LLC purchased a new stake in Corporate Office Properties Trust during the fourth quarter valued at $1,840,000. Jane Street Group LLC purchased a new stake in Corporate Office Properties Trust during the fourth quarter valued at $293,000. Verition Fund Management LLC purchased a new stake in Corporate Office Properties Trust during the fourth quarter valued at $804,000. Millennium Management LLC raised its stake in Corporate Office Properties Trust by 814.4% during the fourth quarter. Millennium Management LLC now owns 1,803,615 shares of the real estate investment trust’s stock valued at $52,666,000 after purchasing an additional 1,606,372 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in Corporate Office Properties Trust by 23.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 14,960 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 2,890 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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