Shares of Corporate Office Properties Trust (NYSE:OFC) were down 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.

Several research firms have issued reports on OFC. Mizuho reaffirmed a “buy” rating and set a $30.00 price objective (up from $25.00) on shares of Corporate Office Properties Trust in a report on Thursday, May 5th. Jefferies Group reaffirmed a “hold” rating and set a $27.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, July 29th. Finally, KeyCorp downgraded shares of Corporate Office Properties Trust to a “hold” rating in a report on Friday, July 15th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $27.22.

The firm has a market capitalization of $2.74 billion and a price-to-earnings ratio of 29.27. The company’s 50 day moving average price is $29.34 and its 200 day moving average price is $26.40.

Corporate Office Properties Trust (NYSE:OFC) last announced its 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 firm had revenue of $145.93 million for the quarter, compared to analyst estimates of $116.93 million. Corporate Office Properties Trust’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities analysts anticipate that Corporate Office Properties Trust will post $2.01 EPS for the current fiscal year.

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 shares were sold at an average price of $26.99, for a total value of $40,485.00. Following the transaction, the director now directly owns 11,167 shares of the company’s stock, valued at approximately $301,397.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $57,462.60. Following the completion of the transaction, the chief accounting officer now directly owns 16,872 shares in the company, valued at $464,992.32. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the stock. 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 valued at $2,198,000 after buying an additional 20,000 shares in the last quarter. Morgan Stanley boosted its position 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 valued at $51,193,000 after buying an additional 202,147 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 boosted 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 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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