Shares of Corporate Office Properties Trust (NYSE:OFC) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $33.40.

Several brokerages recently issued reports on OFC. Zacks Investment Research upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, October 18th. BidaskClub cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Capital One Financial Corporation cut Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. restated a “hold” rating and set a $34.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. Finally, Jefferies Group LLC upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $39.00 in a research note on Monday, September 25th.

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Corporate Office Properties Trust (NYSE:OFC) traded down $0.31 during trading on Friday, hitting $32.10. The stock had a trading volume of 606,800 shares, compared to its average volume of 768,260. The stock has a market cap of $3,228.33, a PE ratio of 16.20 and a beta of 0.84. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53. Corporate Office Properties Trust has a 12 month low of $27.98 and a 12 month high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $142.74 million. During the same period in the prior year, the business posted $0.51 EPS. The business’s revenue was up 10.5% on a year-over-year basis. equities analysts forecast that Corporate Office Properties Trust will post 2.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 159.42%.

A number of large investors have recently added to or reduced their stakes in OFC. Cadence Capital Management LLC acquired a new position in Corporate Office Properties Trust during the second quarter worth about $204,000. World Asset Management Inc grew its holdings in Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 229 shares during the period. Garner Asset Management Corp acquired a new position in Corporate Office Properties Trust during the second quarter worth about $246,000. Cubist Systematic Strategies LLC acquired a new position in Corporate Office Properties Trust during the second quarter worth about $248,000. Finally, Riverhead Capital Management LLC grew its holdings in Corporate Office Properties Trust by 48.9% during the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,394 shares during the period.

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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