Corporate Office Properties Trust (NYSE:OFC) saw unusually-strong trading volume on Friday . Approximately 780,420 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 709,730 shares.The stock last traded at $29.50 and had previously closed at $28.92.

Several research analysts recently weighed in on OFC shares. Evercore ISI increased their price objective on Corporate Office Properties Trust to $25.00 in a research report on Monday, March 21st. Credit Suisse Group AG upgraded Corporate Office Properties Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $23.50 to $29.00 in a research report on Tuesday, April 12th. Finally, Mizuho reiterated a “buy” rating and issued a $30.00 price objective (up from $25.00) on shares of Corporate Office Properties Trust in a research report on Thursday, May 5th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.30.

The stock’s 50-day moving average price is $27.70 and its 200-day moving average price is $25.00. The company has a market capitalization of $2.76 billion and a PE ratio of 17.61.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Friday, April 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company had revenue of $144.30 million for the quarter, compared to analyst estimates of $113.83 million. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. Equities research analysts anticipate that Corporate Office Properties Trust will post $2.00 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.275 per share. The ex-dividend date is Tuesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.75%.

In other Corporate Office Properties Trust news, Director David M. Jacobstein sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $26.99, for a total value of $40,485.00. Following the completion of the transaction, the director now directly owns 11,167 shares in the company, valued at approximately $301,397.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Greg J. Thor sold 2,085 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $27.56, for a total value of $57,462.60. Following the completion of the transaction, the chief accounting officer now owns 16,872 shares of the company’s stock, valued at $464,992.32. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of OFC. Rhumbline Advisers increased its position in shares of Corporate Office Properties Trust by 0.4% in the fourth quarter. Rhumbline Advisers now owns 154,506 shares of the real estate investment trust’s stock valued at $3,373,000 after buying an additional 615 shares during the period. Retirement Systems of Alabama increased its position in shares of Corporate Office Properties Trust by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 121,471 shares of the real estate investment trust’s stock valued at $2,652,000 after buying an additional 1,589 shares during the period. California Public Employees Retirement System increased its position in shares of Corporate Office Properties Trust by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 234,294 shares of the real estate investment trust’s stock valued at $5,115,000 after buying an additional 2,100 shares during the period. California State Teachers Retirement System increased its position in shares of Corporate Office Properties Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 180,754 shares of the real estate investment trust’s stock valued at $3,946,000 after buying an additional 2,884 shares during the period. Finally, Chicago Equity Partners LLC increased its position in shares of Corporate Office Properties Trust by 3.0% in the fourth quarter. Chicago Equity Partners LLC now owns 112,020 shares of the real estate investment trust’s stock valued at $2,445,000 after buying an additional 3,315 shares during the period.

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

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