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

A number of equities analysts recently issued reports on the company. KeyCorp lowered Corporate Office Properties Trust to a “hold” rating in a report on Friday, July 15th. Jefferies Group reissued a “hold” rating and issued a $27.00 price objective on shares of Corporate Office Properties Trust in a report on Friday. Credit Suisse Group AG raised 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 report on Tuesday, April 12th. Finally, Mizuho reissued a “buy” rating and issued a $30.00 price objective (up from $25.00) on shares of Corporate Office Properties Trust in a report on Thursday, May 5th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.78.

The firm has a 50 day moving average price of $28.82 and a 200-day moving average price of $25.83. The stock has a market capitalization of $2.82 billion and a PE ratio of 17.24.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.14. The business had revenue of $145.93 million for the quarter, compared to analysts’ expectations of $116.93 million. During the same period last year, the company posted $0.52 EPS. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. Analysts predict that Corporate Office Properties Trust will post $2.00 EPS for the current fiscal year.

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

In other Corporate Office Properties Trust news, CAO Greg J. Thor sold 2,085 shares of the firm’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $27.56, for a total transaction of $57,462.60. Following the completion of the transaction, the chief accounting officer now owns 16,872 shares in the company, valued at $464,992.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Denton sold 3,007 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $26.80, for a total transaction of $80,587.60. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in OFC. State of Tennessee Treasury Department boosted its position 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 in the last quarter. Bailard Inc. raised its stake in 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 valued at $1,218,000 after buying an additional 4,700 shares during the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $7,745,000 after buying an additional 60,546 shares during the last quarter. Morgan Stanley raised its stake in 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 valued at $51,193,000 after buying an additional 202,147 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in 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 valued at $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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