Shares of Corporate Office Properties Trust (NYSE:OFC) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $33.33.

A number of brokerages have recently issued reports on OFC. Mizuho cut shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research note on Monday, July 10th. BidaskClub lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating and lowered their price target for the company from $33.00 to $29.00 in a report on Tuesday, August 1st. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Corporate Office Properties Trust by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 15,482,529 shares of the real estate investment trust’s stock worth $542,353,000 after purchasing an additional 184,535 shares in the last quarter. BlackRock Inc. raised its holdings in Corporate Office Properties Trust by 4.4% in the 2nd quarter. BlackRock Inc. now owns 10,639,831 shares of the real estate investment trust’s stock worth $372,714,000 after purchasing an additional 447,228 shares in the last quarter. FMR LLC raised its holdings in Corporate Office Properties Trust by 22.0% in the 2nd quarter. FMR LLC now owns 6,980,510 shares of the real estate investment trust’s stock worth $244,526,000 after purchasing an additional 1,259,741 shares in the last quarter. State Street Corp raised its holdings in Corporate Office Properties Trust by 9.4% in the 1st quarter. State Street Corp now owns 4,397,989 shares of the real estate investment trust’s stock worth $145,575,000 after purchasing an additional 376,490 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Corporate Office Properties Trust by 13.1% in the 1st quarter. Wellington Management Group LLP now owns 3,538,334 shares of the real estate investment trust’s stock worth $117,119,000 after purchasing an additional 409,920 shares in the last quarter.

Corporate Office Properties Trust (OFC) traded down 0.40% during midday trading on Friday, reaching $32.53. The company had a trading volume of 314,276 shares. The stock’s 50 day moving average price is $32.86 and its 200-day moving average price is $33.70. The firm has a market capitalization of $3.22 billion, a P/E ratio of 44.62 and a beta of 0.84. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The company had revenue of $151.44 million during the quarter, compared to analysts’ expectations of $138.04 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Corporate Office Properties Trust will post $0.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.38%. Corporate Office Properties Trust’s dividend payout ratio is currently 150.68%.

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About Corporate Office Properties Trust

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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