Zacks Investment Research upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from a sell rating to a hold rating in a report issued on Tuesday.

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. “

Other analysts also recently issued reports about the company. Evercore ISI downgraded Corporate Office Properties Trust from a hold rating to an underperform rating in a research report on Friday, March 3rd. Jefferies Group LLC upped their price objective on Corporate Office Properties Trust from $32.00 to $33.00 and gave the stock a hold rating in a research report on Tuesday, February 21st. SunTrust Banks, Inc. downgraded Corporate Office Properties Trust from a buy rating to a hold rating and set a $32.00 price objective for the company. in a research report on Thursday, January 19th. They noted that the move was a valuation call. Raymond James Financial, Inc. downgraded Corporate Office Properties Trust from an outperform rating to a market perform rating in a research report on Monday, January 9th. Finally, Robert W. Baird downgraded Corporate Office Properties Trust from an outperform rating to a neutral rating and upped their price objective for the stock from $32.00 to $33.00 in a research report on Wednesday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $32.50.

Corporate Office Properties Trust (NYSE:OFC) traded up 0.83% on Tuesday, hitting $32.97. The company had a trading volume of 588,145 shares. The firm has a 50-day moving average price of $33.44 and a 200-day moving average price of $31.33. The firm has a market capitalization of $3.24 billion, a PE ratio of 272.48 and a beta of 0.82. Corporate Office Properties Trust has a 12-month low of $24.92 and a 12-month high of $34.56.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. The business had revenue of $139.80 million during the quarter, compared to the consensus estimate of $135.16 million. During the same period in the prior year, the company earned $0.47 EPS. Corporate Office Properties Trust’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Corporate Office Properties Trust will post $0.78 earnings per share for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust increased its position in Corporate Office Properties Trust by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 18,646 shares of the real estate investment trust’s stock valued at $529,000 after buying an additional 364 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Corporate Office Properties Trust by 21.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 272,722 shares of the real estate investment trust’s stock valued at $7,731,000 after buying an additional 47,629 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Corporate Office Properties Trust during the third quarter valued at approximately $9,617,000. Virginia Retirement Systems ET AL increased its position in Corporate Office Properties Trust by 107.6% in the third quarter. Virginia Retirement Systems ET AL now owns 322,400 shares of the real estate investment trust’s stock valued at $9,140,000 after buying an additional 167,100 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in Corporate Office Properties Trust by 1.7% in the third quarter. BlackRock Advisors LLC now owns 53,116 shares of the real estate investment trust’s stock valued at $1,506,000 after buying an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.

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.

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