Zacks Investment Research lowered shares of Corporate Office Properties Trust (NYSE:OFC) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services. “

A number of other research analysts have also weighed in on OFC. Jefferies Group raised Corporate Office Properties Trust from a hold rating to a buy rating and raised their price objective for the company from $36.00 to $39.00 in a research report on Monday, September 25th. Mizuho reissued a hold rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a report on Friday, November 24th. Evercore ISI raised Corporate Office Properties Trust from an in-line rating to an outperform rating in a report on Monday, December 4th. Bank of America lowered Corporate Office Properties Trust from a buy rating to a neutral rating in a report on Monday, December 4th. Finally, SunTrust Banks reissued a hold rating and issued a $34.00 target price on shares of Corporate Office Properties Trust in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Corporate Office Properties Trust currently has a consensus rating of Hold and an average price target of $33.57.

Corporate Office Properties Trust (NYSE OFC) opened at $28.14 on Wednesday. Corporate Office Properties Trust has a 52-week low of $27.93 and a 52-week high of $36.03. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $2,874.72, a P/E ratio of 40.78 and a beta of 0.81.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company had revenue of $157.00 million during the quarter, compared to analyst estimates of $142.74 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. equities analysts forecast that Corporate Office Properties Trust will post 2.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now owns 1,464 shares in the company, valued at $44,490.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul R. Adkins purchased 10,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was purchased at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the completion of the purchase, the insider now owns 29,465 shares in the company, valued at $856,252.90. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in shares of Corporate Office Properties Trust in the 2nd quarter worth $246,000. Cubist Systematic Strategies LLC purchased a new position in shares of Corporate Office Properties Trust in the 2nd quarter worth $248,000. Riverhead Capital Management LLC boosted its stake in shares of Corporate Office Properties Trust by 48.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,394 shares during the last quarter. GAM Holding AG boosted its stake in shares of Corporate Office Properties Trust by 7.7% in the 2nd quarter. GAM Holding AG now owns 8,331 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 598 shares during the last quarter. Finally, Shelton Capital Management purchased a new position in shares of Corporate Office Properties Trust in the 2nd quarter worth $293,000.

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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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