Corporate Office Properties Trust (OFC) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Corporate Office Properties Trust (NYSE:OFC) from a hold rating to a sell rating in a research note published on Friday morning.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Co reissued a hold rating on shares of Corporate Office Properties Trust in a report on Wednesday, August 15th. Bank of America raised shares of Corporate Office Properties Trust from a neutral rating to a buy rating and set a $34.00 price objective for the company in a report on Tuesday, August 7th. Robert W. Baird reissued a hold rating and issued a $29.00 price objective on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Mizuho reissued a hold rating and issued a $31.00 price objective on shares of Corporate Office Properties Trust in a report on Monday, August 6th. Finally, Stifel Nicolaus reissued a sell rating and issued a $25.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $30.00.

NYSE OFC opened at $24.72 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 2.74 and a beta of 0.75. Corporate Office Properties Trust has a 12-month low of $24.48 and a 12-month high of $31.47.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The firm had revenue of $137.41 million during the quarter, compared to the consensus estimate of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. On average, research analysts forecast that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

Several large investors have recently modified their holdings of OFC. FMR LLC raised its position in shares of Corporate Office Properties Trust by 37.5% in the 2nd quarter. FMR LLC now owns 12,387,646 shares of the real estate investment trust’s stock valued at $359,119,000 after buying an additional 3,378,017 shares in the last quarter. Morgan Stanley raised its position in shares of Corporate Office Properties Trust by 188.8% in the 2nd quarter. Morgan Stanley now owns 1,227,663 shares of the real estate investment trust’s stock valued at $35,590,000 after buying an additional 802,614 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Corporate Office Properties Trust in the 2nd quarter valued at approximately $23,004,000. Frontier Capital Management Co. LLC raised its position in shares of Corporate Office Properties Trust by 41.4% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,687,662 shares of the real estate investment trust’s stock valued at $77,915,000 after buying an additional 786,333 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Corporate Office Properties Trust in the 3rd quarter valued at approximately $15,740,000. Institutional investors own 97.20% of the company’s stock.

Corporate Office Properties Trust Company Profile

COPT is a 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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Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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