Somewhat Positive Press Coverage Somewhat Unlikely to Affect Corporate Office Properties Trust (OFC) Share Price

Media coverage about Corporate Office Properties Trust (NYSE:OFC) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.5891782058399 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several research firms have commented on OFC. Jefferies Group upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $36.00 to $39.00 in a research report on Monday, September 25th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Mizuho reiterated a “hold” rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, November 24th. Evercore ISI upgraded Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Bank of America cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.57.

Shares of Corporate Office Properties Trust (OFC) opened at $27.62 on Friday. The firm has a market capitalization of $3,010.00, a PE ratio of 40.03 and a beta of 0.81. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53. Corporate Office Properties Trust has a one year low of $27.10 and a one year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $142.74 million. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. sell-side analysts expect that Corporate Office Properties Trust will post 2.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.98%. Corporate Office Properties Trust’s payout ratio is 159.42%.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger bought 3,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul R. Adkins bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average cost of $29.06 per share, with a total value of $290,600.00. Following the purchase, the insider now directly owns 29,465 shares of the company’s stock, valued at $856,252.90. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

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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.

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

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