Corporate Office Properties Trust (OFC) Receiving Somewhat Favorable Press Coverage, Report Finds

News stories about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.879912568836 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently commented on OFC shares. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Corporate Office Properties Trust in a report on Tuesday, May 30th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Mizuho downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.33.

Corporate Office Properties Trust (NYSE OFC) opened at 32.76 on Friday. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The firm has a market capitalization of $3.24 billion, a PE ratio of 44.94 and a beta of 0.84. The company has a 50 day moving average of $32.91 and a 200 day moving average of $33.72.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. During the same period last year, the firm posted $0.52 EPS. Corporate Office Properties Trust’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts forecast that Corporate Office Properties Trust will post $0.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.36%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 150.68%.

In related news, Director Steven D. Kesler sold 3,637 shares of Corporate Office Properties Trust stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $128,749.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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