News headlines about Corporate Office Properties Trust (NYSE:OFC) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.6543594680524 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Corporate Office Properties Trust (OFC) opened at $26.28 on Wednesday. Corporate Office Properties Trust has a twelve month low of $24.77 and a twelve month high of $36.03. The company has a market cap of $2,674.90, a PE ratio of 46.11, a PEG ratio of 7.68 and a beta of 0.74. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.27.
Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The business had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. research analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current year.
OFC has been the topic of several recent analyst reports. SunTrust Banks set a $30.00 price objective on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Evercore ISI upgraded shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Citigroup dropped their price objective on shares of Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Mizuho set a $26.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Robert W. Baird set a $28.00 target price on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.88.
In other Corporate Office Properties Trust news, Director Robert L. Denton sold 8,500 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $25.98, for a total value of $220,830.00. Following the completion of the sale, the director now directly owns 2,508 shares of the company’s stock, valued at approximately $65,157.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa G. Trimberger purchased 3,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $25.40 per share, with a total value of $76,200.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 13,800 shares of company stock valued at $387,528. Insiders own 0.60% of the company’s stock.
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.
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