Zacks Investment Research upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from a sell rating to a hold rating in a research note published 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 commented on the stock. Evercore ISI lowered shares of Corporate Office Properties Trust from a hold rating to an underperform rating in a research report on Friday, March 3rd. Jefferies Group LLC increased their target price on shares of Corporate Office Properties Trust from $32.00 to $33.00 and gave the company a hold rating in a research note on Tuesday, February 21st. Robert W. Baird downgraded shares of Corporate Office Properties Trust from an outperform rating to a neutral rating and increased their target price for the company from $32.00 to $33.00 in a research note on Wednesday, February 15th. Mizuho increased their target price on shares of Corporate Office Properties Trust from $34.00 to $38.00 and gave the company a buy rating in a research note on Monday, February 13th. Finally, SunTrust Banks, Inc. downgraded shares of Corporate Office Properties Trust from a buy rating to a hold rating and set a $32.00 target price on the stock. in a research note on Thursday, January 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $31.33.

Corporate Office Properties Trust (NYSE:OFC) opened at 33.85 on Wednesday. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $34.25. The stock’s market cap is $3.32 billion. The firm has a 50 day moving average of $33.04 and a 200-day moving average of $29.92.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.29. Corporate Office Properties Trust had a net margin of 1.99% and a return on equity of 0.85%. The business earned $141.99 million during the quarter, compared to analyst estimates of $128.02 million. During the same quarter last year, the business earned $0.52 earnings per share. Corporate Office Properties Trust’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts anticipate that Corporate Office Properties Trust will post $0.80 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 29th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is -2,749.31%.

In other Corporate Office Properties Trust news, CAO Greg J. Thor sold 3,555 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $34.02, for a total transaction of $120,941.10. Following the transaction, the chief accounting officer now owns 14,853 shares of the company’s stock, valued at approximately $505,299.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Corporate Office Properties Trust during the fourth quarter worth approximately $106,000. Riverhead Capital Management LLC boosted its position in shares of Corporate Office Properties Trust by 256.5% in the third quarter. Riverhead Capital Management LLC now owns 6,000 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 4,317 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Corporate Office Properties Trust by 5.7% in the third quarter. LS Investment Advisors LLC now owns 6,009 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 324 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Corporate Office Properties Trust by 18.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,095 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 1,097 shares during the last quarter. Finally, Cadence Capital Management LLC acquired a new position in shares of Corporate Office Properties Trust during the fourth quarter worth approximately $223,000. 97.98% of the stock is currently owned by institutional investors and hedge funds.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

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