Corporate Office Properties Trust (NYSE:OFC)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $30.55 and last traded at $30.37, with a volume of 390,330 shares changing hands. The stock had previously closed at $29.63.

Several equities research analysts have weighed in on OFC shares. Mizuho reaffirmed a “buy” rating and set a $30.00 price target (up from $25.00) on shares of Corporate Office Properties Trust in a research report on Thursday, May 5th. Jefferies Group reaffirmed a “hold” rating and set a $27.00 price target on shares of Corporate Office Properties Trust in a research report on Friday. KeyCorp downgraded Corporate Office Properties Trust to a “hold” rating in a research report on Friday, July 15th. Finally, Credit Suisse Group AG raised Corporate Office Properties Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $23.50 to $29.00 in a research report on Tuesday, April 12th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.70.

The firm has a market cap of $2.82 billion and a PE ratio of 17.98. The company’s 50 day moving average price is $28.76 and its 200-day moving average price is $25.77.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.14. The company had revenue of $145.93 million for the quarter, compared to analysts’ expectations of $116.93 million. Corporate Office Properties Trust’s revenue was down 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. On average, equities analysts predict that Corporate Office Properties Trust will post $1.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.67%.

In related news, Director Robert L. Denton sold 3,007 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $26.80, for a total value of $80,587.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David M. Jacobstein sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $26.99, for a total transaction of $40,485.00. Following the completion of the sale, the director now directly owns 11,167 shares of the company’s stock, valued at $301,397.33. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in the stock. State of Tennessee Treasury Department boosted its stake in shares of Corporate Office Properties Trust by 24.8% in the fourth quarter. State of Tennessee Treasury Department now owns 100,700 shares of the real estate investment trust’s stock worth $2,198,000 after buying an additional 20,000 shares during the period. Bailard Inc. boosted its stake in shares of Corporate Office Properties Trust by 9.2% in the fourth quarter. Bailard Inc. now owns 55,800 shares of the real estate investment trust’s stock worth $1,218,000 after buying an additional 4,700 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Corporate Office Properties Trust by 20.6% in the fourth quarter. Principal Financial Group Inc. now owns 354,790 shares of the real estate investment trust’s stock worth $7,745,000 after buying an additional 60,546 shares during the last quarter. Morgan Stanley boosted its stake in shares of Corporate Office Properties Trust by 9.4% in the fourth quarter. Morgan Stanley now owns 2,345,076 shares of the real estate investment trust’s stock worth $51,193,000 after buying an additional 202,147 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Corporate Office Properties Trust by 51.6% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 60,905 shares of the real estate investment trust’s stock worth $1,329,000 after buying an additional 20,737 shares during the last quarter.

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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