ValuEngine cut shares of Corporate Office Properties Trust (NYSE:OFC) from a hold rating to a sell rating in a report issued on Friday.

A number of other brokerages have also recently weighed in on OFC. Robert W. Baird restated a hold rating and issued a $29.00 price objective on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Bank of America upgraded shares of Corporate Office Properties Trust from a neutral rating to a buy rating and set a $34.00 price objective on the stock in a report on Tuesday, August 7th. Mizuho restated a hold rating and issued a $31.00 price objective on shares of Corporate Office Properties Trust in a report on Monday, August 6th. Wells Fargo & Co restated a hold rating on shares of Corporate Office Properties Trust in a report on Wednesday, August 15th. Finally, Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a sell rating to a hold rating in a report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $30.00.

Shares of NYSE OFC opened at $24.57 on Friday. Corporate Office Properties Trust has a 1 year low of $24.48 and a 1 year high of $31.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $2.69 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.74 and a beta of 0.75.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $137.41 million for the quarter, compared to analysts’ expectations of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. As a group, equities analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its stake in shares of Corporate Office Properties Trust by 9.8% in the first quarter. Guggenheim Capital LLC now owns 39,500 shares of the real estate investment trust’s stock worth $1,020,000 after buying an additional 3,527 shares in the last quarter. Principal Financial Group Inc. lifted its position in Corporate Office Properties Trust by 2.0% during the first quarter. Principal Financial Group Inc. now owns 1,526,874 shares of the real estate investment trust’s stock valued at $39,438,000 after purchasing an additional 29,988 shares during the period. Allianz Asset Management GmbH lifted its position in Corporate Office Properties Trust by 54.7% during the first quarter. Allianz Asset Management GmbH now owns 309,314 shares of the real estate investment trust’s stock valued at $7,990,000 after purchasing an additional 109,314 shares during the period. BNP Paribas Arbitrage SA lifted its position in Corporate Office Properties Trust by 10.7% during the second quarter. BNP Paribas Arbitrage SA now owns 27,975 shares of the real estate investment trust’s stock valued at $811,000 after purchasing an additional 2,695 shares during the period. Finally, First Mercantile Trust Co. lifted its position in Corporate Office Properties Trust by 101.6% during the second quarter. First Mercantile Trust Co. now owns 15,352 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 7,736 shares during the period. Institutional investors and hedge funds own 97.20% of the company’s stock.

Corporate Office Properties Trust Company Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”).

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

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