SunTrust Banks set a $29.00 price objective on Corporate Office Properties Trust (NYSE:OFC) in a report issued on Friday. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on OFC. Zacks Investment Research cut shares of Corporate Office Properties Trust from a hold rating to a sell rating in a report on Friday, November 10th. Jefferies Group reiterated a buy rating and issued a $38.00 price target on shares of Corporate Office Properties Trust in a report on Wednesday, December 6th. TheStreet upgraded shares of Corporate Office Properties Trust from a c rating to a b- rating in a report on Thursday, October 26th. ValuEngine cut shares of Corporate Office Properties Trust from a buy rating to a hold rating in a report on Friday, February 2nd. Finally, Mizuho reiterated a hold rating and issued a $32.00 price target on shares of Corporate Office Properties Trust in a report on Friday, November 24th. Two investment 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. The company currently has an average rating of Hold and an average price target of $32.14.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at $25.51 on Friday. The firm has a market cap of $2,618.65, a price-to-earnings ratio of 44.76 and a beta of 0.68. Corporate Office Properties Trust has a fifty-two week low of $24.93 and a fifty-two week high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.81 and a debt-to-equity ratio of 1.27.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.43). The company had revenue of $164.57 million during the quarter, compared to the consensus estimate of $143.44 million. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. equities analysts expect that Corporate Office Properties Trust will post 2.02 EPS for the current year.

In other news, Director Lisa G. Trimberger acquired 3,000 shares of the 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 completion of the transaction, the director now owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul R. Adkins acquired 10,000 shares of the stock in a transaction on Thursday, December 21st. The shares were purchased at an average cost of $29.06 per share, with a total value of $290,600.00. Following the transaction, the insider now directly owns 29,465 shares of the company’s stock, valued at approximately $856,252.90. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in Corporate Office Properties Trust during the second quarter valued at $248,000. Raymond James Financial Services Advisors Inc. purchased a new position in Corporate Office Properties Trust during the fourth quarter valued at $237,000. Shelton Capital Management purchased a new position in Corporate Office Properties Trust during the second quarter valued at $293,000. ARP Americas LP purchased a new position in Corporate Office Properties Trust during the fourth quarter valued at $266,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Corporate Office Properties Trust during the third quarter valued at $314,000.

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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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