Corporate Office Properties Trust (OFC) Research Coverage Started at Wells Fargo

Wells Fargo initiated coverage on shares of Corporate Office Properties Trust (NYSE:OFC) in a research note released on Friday morning. The brokerage issued a market perform rating and a $29.00 price objective on the real estate investment trust’s stock.

Several other equities analysts have also commented on OFC. SunTrust Banks set a $29.00 price objective on shares of Corporate Office Properties Trust and gave the stock a hold rating in a report on Friday, February 9th. TheStreet lowered shares of Corporate Office Properties Trust from a b- rating to a c rating in a report on Friday, February 9th. Mizuho set a $26.00 price objective on shares of Corporate Office Properties Trust and gave the stock a hold rating in a report on Tuesday, February 13th. Robert W. Baird set a $28.00 price objective on shares of Corporate Office Properties Trust and gave the stock a hold rating in a report on Friday, February 9th. Finally, ValuEngine lowered shares of Corporate Office Properties Trust from a buy rating to a hold rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $30.50.

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Corporate Office Properties Trust stock opened at $26.80 on Friday. Corporate Office Properties Trust has a 1-year low of $24.55 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 1.81. The company has a market capitalization of $2,714.41, a PE ratio of 13.27, a PEG ratio of 7.81 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the 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 firm had revenue of $164.57 million during the quarter, compared to analysts’ expectations of $143.44 million. During the same period last year, the company earned $0.51 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. equities analysts forecast that Corporate Office Properties Trust will post 2.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were issued a dividend of $0.275 per share. 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, CEO Stephen E. Budorick bought 1,600 shares of Corporate Office Properties Trust stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $26.26 per share, for a total transaction of $42,016.00. Following the acquisition, the chief executive officer now directly owns 103,242 shares in the company, valued at $2,711,134.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Denton sold 1,500 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $26.25, for a total transaction of $39,375.00. Following the sale, the director now owns 2,508 shares in the company, valued at $65,835. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 5,400 shares of company stock worth $138,944. 0.60% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in OFC. Dimensional Fund Advisors LP lifted its holdings in Corporate Office Properties Trust by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,439,711 shares of the real estate investment trust’s stock worth $47,266,000 after buying an additional 43,083 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Corporate Office Properties Trust by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 103,100 shares of the real estate investment trust’s stock worth $3,385,000 after buying an additional 8,800 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Corporate Office Properties Trust by 7.7% during the 3rd quarter. California Public Employees Retirement System now owns 252,194 shares of the real estate investment trust’s stock worth $8,280,000 after buying an additional 18,000 shares in the last quarter. Bank of Montreal Can lifted its holdings in Corporate Office Properties Trust by 2.7% during the 4th quarter. Bank of Montreal Can now owns 136,366 shares of the real estate investment trust’s stock worth $3,981,000 after buying an additional 3,573 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Corporate Office Properties Trust by 4.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,068,178 shares of the real estate investment trust’s stock worth $31,191,000 after buying an additional 45,165 shares in the last quarter.

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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?).

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

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