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

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. “

OFC has been the topic of a number of other research reports. Mizuho downgraded Corporate Office Properties Trust from a buy rating to a neutral rating and set a $38.00 price objective on the stock. in a research note on Monday, July 10th. BidaskClub upgraded Corporate Office Properties Trust from a sell rating to a hold rating in a research report on Saturday, August 19th. KeyCorp restated a hold rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. ValuEngine upgraded shares of Corporate Office Properties Trust from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $36.00 price target on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $33.83.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at 32.83 on Thursday. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03. The company has a market cap of $3.25 billion, a P/E ratio of 45.03 and a beta of 0.84. The company has a 50-day moving average price of $32.86 and a 200-day moving average price of $33.70.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The firm had revenue of $151.44 million during the quarter, compared to analyst estimates of $138.04 million. During the same quarter last year, the business posted $0.52 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Corporate Office Properties Trust will post $0.75 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/corporate-office-properties-trust-ofc-raised-to-hold-at-zacks-investment-research/1601973.html.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a $0.275 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.35%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 150.68%.

A number of institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. boosted its position in shares of Corporate Office Properties Trust by 1.0% during the second quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 80 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Corporate Office Properties Trust by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 98 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Corporate Office Properties Trust by 0.4% during the first quarter. Utah Retirement Systems now owns 24,547 shares of the real estate investment trust’s stock valued at $812,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Corporate Office Properties Trust by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 137 shares during the period. Finally, World Asset Management Inc raised its holdings in shares of Corporate Office Properties Trust by 3.8% in the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 229 shares during the period.

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.

Get a free copy of the Zacks research report on Corporate Office Properties Trust (OFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.