Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Corporate Office Properties Trust (OFC) Stock Price
Headlines about Corporate Office Properties Trust (NYSE:OFC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.4535088476227 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Corporate Office Properties Trust (OFC) traded up $0.14 on Tuesday, hitting $31.01. 838,194 shares of the stock traded hands, compared to its average volume of 777,177. Corporate Office Properties Trust has a twelve month low of $28.08 and a twelve month high of $36.03. The firm has a market capitalization of $3,090.00, a P/E ratio of 15.49 and a beta of 0.84. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34.
Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. sell-side analysts forecast that Corporate Office Properties Trust will post 2.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.55%. Corporate Office Properties Trust’s payout ratio is currently 159.42%.
Several research firms recently commented on OFC. KeyCorp reissued a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. BidaskClub raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Capital One Financial Corporation lowered Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Stifel Nicolaus lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $33.00 to $29.00 in a report on Tuesday, August 1st. They noted that the move was a valuation call. Finally, Jefferies Group LLC raised 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 report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $34.57.
Corporate Office Properties Trust Company Profile
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.
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