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

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. “

Several other equities analysts have also recently weighed in on OFC. KeyCorp reiterated a hold rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. BidaskClub upgraded shares of Corporate Office Properties Trust from a sell rating to a hold rating in a research note on Saturday, August 19th. Capital One Financial Corporation cut shares of Corporate Office Properties Trust from an overweight rating to an equal weight rating in a research note on Monday, July 31st. Stifel Nicolaus cut shares of Corporate Office Properties Trust from a hold rating to a sell rating and lowered their price objective for the stock from $33.00 to $29.00 in a research note on Tuesday, August 1st. They noted that the move was a valuation call. Finally, Jefferies Group LLC upgraded shares of Corporate Office Properties Trust from a hold rating to a buy rating and increased their price objective for the stock from $36.00 to $39.00 in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Corporate Office Properties Trust presently has a consensus rating of Hold and an average target price of $33.71.

Corporate Office Properties Trust (OFC) opened at $31.25 on Wednesday. Corporate Office Properties Trust has a one year low of $28.27 and a one year 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 stock has a market cap of $3,077.92, a PE ratio of 15.45 and a beta of 0.84.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The firm had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $142.74 million. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. equities research analysts forecast that Corporate Office Properties Trust will post 2.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is 159.42%.

A number of institutional investors have recently added to or reduced their stakes in OFC. Bank of New York Mellon Corp increased its holdings in Corporate Office Properties Trust by 92.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,922,539 shares of the real estate investment trust’s stock worth $95,948,000 after acquiring an additional 1,403,775 shares in the last quarter. FMR LLC increased its holdings in Corporate Office Properties Trust by 22.0% in the 2nd quarter. FMR LLC now owns 6,980,510 shares of the real estate investment trust’s stock worth $244,526,000 after acquiring an additional 1,259,741 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Corporate Office Properties Trust by 8.8% in the 3rd quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock worth $348,252,000 after acquiring an additional 860,162 shares in the last quarter. American Century Companies Inc. increased its holdings in Corporate Office Properties Trust by 253.8% in the 2nd quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock worth $29,820,000 after acquiring an additional 610,641 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in Corporate Office Properties Trust by 52.3% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,629,058 shares of the real estate investment trust’s stock worth $53,482,000 after acquiring an additional 559,715 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/corporate-office-properties-trust-ofc-raised-to-hold-at-zacks-investment-research/1725410.html.

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.