Headlines about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.3034701275257 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several research firms recently issued reports on OFC. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. SunTrust Banks set a $30.00 price target on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Wells Fargo began coverage on shares of Corporate Office Properties Trust in a report on Friday. They set a “market perform” rating and a $29.00 price target for the company. ValuEngine cut shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Robert W. Baird set a $28.00 price target on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $30.50.
NYSE OFC opened at $26.80 on Friday. The stock has a market cap of $2,757.95, a P/E ratio of 13.20, a PEG ratio of 7.94 and a beta of 0.68. Corporate Office Properties Trust has a 52-week low of $24.55 and a 52-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 1.81.
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 (EPS) for the quarter, missing the Zacks’ 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 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 business posted $0.51 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. sell-side analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.10%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 54.19%.
In other Corporate Office Properties Trust news, Director Robert L. Denton sold 1,500 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $26.25, for a total value of $39,375.00. Following the completion of the transaction, the director now directly owns 2,508 shares of the company’s stock, valued at $65,835. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lisa G. Trimberger bought 3,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $25.40 per share, with a total value of $76,200.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,400 shares of company stock valued at $138,944. 0.60% of the stock is currently owned by corporate insiders.
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Corporate Office Properties Trust Company Profile
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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