Headlines about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.6666605900122 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Corporate Office Properties Trust (OFC) traded down $0.18 during midday trading on Wednesday, hitting $26.10. The stock had a trading volume of 816,213 shares, compared to its average volume of 1,070,000. The company has a market cap of $2,840.00, a PE ratio of 45.79, a price-to-earnings-growth ratio of 7.68 and a beta of 0.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. Corporate Office Properties Trust has a 12-month low of $24.77 and a 12-month high of $36.03.
Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.43). The firm had revenue of $164.57 million for the quarter, compared to the consensus estimate of $143.44 million. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. Corporate Office Properties Trust’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. analysts expect that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.
OFC has been the subject of a number of recent research reports. Jefferies Group reissued a “buy” rating and issued a $38.00 target price on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. ValuEngine downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho reiterated a “hold” rating and set a $32.00 target price on shares of Corporate Office Properties Trust in a report on Friday, November 24th. TheStreet downgraded Corporate Office Properties Trust from a “b-” rating to a “c” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Two research 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. Corporate Office Properties Trust presently has a consensus rating of “Hold” and an average price target of $30.88.
In other news, Director Lisa G. Trimberger acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $25.40 per share, for a total transaction of $76,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul R. Adkins acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were purchased at an average price of $29.06 per share, with a total value of $290,600.00. Following the transaction, the insider now owns 29,465 shares of the company’s stock, valued at $856,252.90. The disclosure for this purchase can be found here. Insiders bought a total of 15,400 shares of company stock valued at $429,544 over the last 90 days. 0.60% of the stock is currently owned by company insiders.
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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