Evercore ISI upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from an in-line rating to an outperform rating in a research note issued to investors on Monday.

Other equities analysts also recently issued research reports about the company. Bank of America downgraded Corporate Office Properties Trust from a buy rating to a neutral rating in a research report on Monday. Zacks Investment Research upgraded Corporate Office Properties Trust from a hold rating to a buy rating and set a $37.00 target price for the company in a research report on Wednesday, October 18th. SunTrust Banks restated a hold rating and set a $34.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, October 27th. Jefferies Group upgraded Corporate Office Properties Trust from a hold rating to a buy rating and lifted their price objective for the company from $36.00 to $39.00 in a research report on Monday, September 25th. Finally, Mizuho reiterated a hold rating and issued a $32.00 price objective on shares of Corporate Office Properties Trust in a research report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $33.71.

Corporate Office Properties Trust (NYSE:OFC) traded up $0.16 during trading on Monday, hitting $30.60. The company had a trading volume of 1,403,400 shares, compared to its average volume of 789,987. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $3,032.10, a P/E ratio of 15.22 and a beta of 0.81. Corporate Office Properties Trust has a 1-year low of $28.36 and a 1-year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. Corporate Office Properties Trust’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. sell-side analysts anticipate that Corporate Office Properties Trust will post 2.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.10 annualized dividend and a yield of 3.59%. Corporate Office Properties Trust’s payout ratio is 159.42%.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger acquired 3,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $30.39 per share, for a total transaction of $91,170.00. Following the transaction, the director now owns 1,464 shares in the company, valued at approximately $44,490.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Eii Capital Management Inc. bought a new stake in shares of Corporate Office Properties Trust during the third quarter worth $785,000. California Public Employees Retirement System raised its position in shares of Corporate Office Properties Trust by 7.7% during the third quarter. California Public Employees Retirement System now owns 252,194 shares of the real estate investment trust’s stock worth $8,280,000 after acquiring an additional 18,000 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Corporate Office Properties Trust by 9.3% during the third quarter. Janus Henderson Group PLC now owns 103,100 shares of the real estate investment trust’s stock worth $3,385,000 after acquiring an additional 8,800 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Corporate Office Properties Trust by 8.8% during the third 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 during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Corporate Office Properties Trust during the third quarter worth $608,000.

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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.

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

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