News stories about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.6543594680524 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Corporate Office Properties Trust stock traded up $0.03 during trading hours on Thursday, hitting $25.83. The stock had a trading volume of 832,035 shares, compared to its average volume of 947,839. Corporate Office Properties Trust has a fifty-two week low of $24.55 and a fifty-two week high of $36.03. The stock has a market cap of $2,542.22, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 7.31 and a beta of 0.74. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27.
Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data 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 company had revenue of $164.57 million during 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%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. analysts expect that Corporate Office Properties Trust will post 2.01 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on OFC. SunTrust Banks set a $30.00 target price on Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Evercore ISI upgraded Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Citigroup lowered their target price on Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Mizuho set a $26.00 target price on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird set a $28.00 price target on Corporate Office Properties Trust and gave the stock a “hold” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Corporate Office Properties Trust has an average rating of “Hold” and a consensus price target of $30.71.
In related news, CEO Stephen E. Budorick purchased 1,600 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average price of $26.26 per share, with a total value of $42,016.00. Following the purchase, the chief executive officer now directly owns 103,242 shares in the company, valued at approximately $2,711,134.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Denton sold 1,500 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $26.25, for a total value of $39,375.00. Following the completion of the transaction, the director now directly owns 2,508 shares in the company, valued at approximately $65,835. The disclosure for this sale can be found here. Insiders acquired a total of 5,400 shares of company stock worth $138,944 over the last quarter. Corporate insiders own 0.60% of the company’s stock.
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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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