Press coverage about Corporate Office Properties Trust (NYSE:OFC) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of 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 positive one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.78410620676 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
NYSE OFC opened at $26.61 on Monday. The company has a market capitalization of $2,692.11, a PE ratio of 13.11, a price-to-earnings-growth ratio of 7.75 and a beta of 0.68. Corporate Office Properties Trust has a 12-month low of $24.55 and a 12-month high of $36.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81.
Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.43). The firm 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.13%. Corporate Office Properties Trust’s payout ratio is 54.19%.
OFC has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Citigroup lowered their price objective on shares of Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Mizuho set a $26.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Tuesday, February 13th. SunTrust Banks set a $30.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, Robert W. Baird set a $28.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.71.
In other news, Director Lisa G. Trimberger bought 3,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $25.40 per share, for a total transaction of $76,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Denton sold 8,500 shares of the business’s stock in a transaction 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 transaction, the director now owns 2,508 shares in the company, valued at $65,157.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 5,400 shares of company stock worth $138,944. 0.60% of the stock is owned by corporate insiders.
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About Corporate Office Properties Trust
COPT is an office REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).
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