Lisa G. Trimberger Buys 3,000 Shares of Corporate Office Properties Trust (OFC) Stock

Corporate Office Properties Trust (NYSE:OFC) Director Lisa G. Trimberger purchased 3,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $25.40 per share, for a total transaction of $76,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Corporate Office Properties Trust (NYSE OFC) opened at $25.15 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2,532.25, a P/E ratio of 44.12 and a beta of 0.68. Corporate Office Properties Trust has a 1 year low of $24.78 and a 1 year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). The business had revenue of $164.57 million for the quarter, compared to analysts’ expectations of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. research analysts predict that Corporate Office Properties Trust will post 2.02 EPS for the current year.

OFC has been the topic of several recent analyst reports. TheStreet upgraded shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and issued a $38.00 price target on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. SunTrust Banks set a $30.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Corporate Office Properties Trust currently has an average rating of “Hold” and an average price target of $31.29.

Several institutional investors and hedge funds have recently made changes to their positions in OFC. BlackRock Inc. raised its stake in shares of Corporate Office Properties Trust by 5.6% during the 4th quarter. BlackRock Inc. now owns 11,314,176 shares of the real estate investment trust’s stock worth $330,375,000 after buying an additional 604,417 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Corporate Office Properties Trust by 8.8% during the 3rd quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock worth $348,252,000 after buying an additional 860,162 shares during the last quarter. Bank of New York Mellon Corp increased its position in Corporate Office Properties Trust by 58.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,637,510 shares of the real estate investment trust’s stock worth $135,415,000 after purchasing an additional 1,714,971 shares in the last quarter. Wells Fargo & Company MN increased its position in Corporate Office Properties Trust by 0.4% during the 3rd quarter. Wells Fargo & Company MN now owns 2,268,665 shares of the real estate investment trust’s stock worth $74,480,000 after purchasing an additional 9,474 shares in the last quarter. Finally, Channing Capital Management LLC increased its position in Corporate Office Properties Trust by 12.9% during the 4th quarter. Channing Capital Management LLC now owns 2,182,578 shares of the real estate investment trust’s stock worth $63,725,000 after purchasing an additional 249,115 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: This news story was first published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://weekherald.com/2018/02/15/lisa-g-trimberger-buys-3000-shares-of-corporate-office-properties-trust-ofc-stock.html.

Corporate Office Properties Trust Company Profile

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)

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply