Corporate Office Properties Trust (NYSE:OFC) Stock Rating Lowered by Mizuho

Corporate Office Properties Trust (NYSE:OFC) was downgraded by Mizuho from a “buy” rating to a “neutral” rating in a report released on Monday, July 10th, MarketBeat.com reports. They presently have a $38.00 target price on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 10.14% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. BidaskClub upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price objective on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th. Finally, Evercore ISI reaffirmed an “underperform” rating and issued a $32.00 price target on shares of Corporate Office Properties Trust in a research report on Tuesday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $33.25.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down 0.43% during mid-day trading on Monday, hitting $34.50. 443,487 shares of the stock traded hands. The stock has a 50-day moving average of $35.06 and a 200 day moving average of $33.47. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03. The stock has a market cap of $3.40 billion, a PE ratio of 285.12 and a beta of 0.84.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $139.80 million during the quarter, compared to analysts’ expectations of $135.16 million. Corporate Office Properties Trust had a return on equity of 1.90% and a net margin of 4.56%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Equities analysts predict that Corporate Office Properties Trust will post $0.81 EPS for the current fiscal year.

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In other news, Director Robert L. Denton sold 2,000 shares of Corporate Office Properties Trust stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $34.51, for a total transaction of $69,020.00. Following the transaction, the director now owns 294,500 shares in the company, valued at approximately $10,163,195. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Denton sold 3,118 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $32.73, for a total transaction of $102,052.14. Following the transaction, the director now owns 2,508 shares in the company, valued at $82,086.84. The disclosure for this sale can be found here. Insiders sold 11,873 shares of company stock valued at $404,400 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of Corporate Office Properties Trust during the fourth quarter valued at $37,773,000. Envestnet Asset Management Inc. boosted its stake in shares of Corporate Office Properties Trust by 253.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,845 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 17,098 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Corporate Office Properties Trust by 6.4% in the fourth quarter. Guggenheim Capital LLC now owns 55,936 shares of the real estate investment trust’s stock valued at $1,746,000 after buying an additional 3,349 shares during the last quarter. Norges Bank acquired a new stake in shares of Corporate Office Properties Trust during the fourth quarter valued at $30,131,000. Finally, Teachers Advisors LLC boosted its stake in shares of Corporate Office Properties Trust by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 161,043 shares of the real estate investment trust’s stock valued at $5,028,000 after buying an additional 14,295 shares during the last quarter.

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.

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

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