Shares of Corporate Office Properties Trust (NYSE:OFC) fell 1.7% during mid-day trading on Thursday . The company traded as low as $29.03 and last traded at $29.08, with a volume of 285,904 shares. The stock had previously closed at $29.58.

A number of research firms recently issued reports on OFC. Mizuho increased their target price on Corporate Office Properties Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Jefferies Group reaffirmed a “hold” rating and set a $27.00 price target on shares of Corporate Office Properties Trust in a research note on Friday, July 29th. Finally, KeyCorp cut shares of Corporate Office Properties Trust to a “hold” rating in a research note on Friday, July 15th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.22.

The company’s 50 day moving average is $29.31 and its 200-day moving average is $26.34. The company has a market capitalization of $2.75 billion and a P/E ratio of 29.34.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.14. The company earned $145.93 million during the quarter, compared to the consensus estimate of $116.93 million. Corporate Office Properties Trust’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts forecast that Corporate Office Properties Trust will post $2.01 earnings per share for the current year.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $29.49, for a total value of $58,980.00. Following the transaction, the director now directly owns 306,500 shares of the company’s stock, valued at $9,038,685. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David M. Jacobstein sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were 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 $301,397.33. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. State of Tennessee Treasury Department raised 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 valued at $2,198,000 after buying an additional 20,000 shares during the period. Morgan Stanley increased 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 in the last quarter. Liberty Mutual Group Asset Management Inc. increased 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 in the last quarter. Vanguard Group Inc. increased its stake in Corporate Office Properties Trust by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 13,611,245 shares of the real estate investment trust’s stock valued at $297,134,000 after buying an additional 245,090 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in 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 in 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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