Corporate Office Properties Trust (NYSE:OFC)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Thursday, StockRatingsNetwork reports. They currently have a $24.00 target price on the stock. Jefferies Group’s price target points to a potential upside of 2.21% from the company’s current price.
A number of other firms have also recently commented on OFC. Analysts at Cowen and Company cut their price target on shares of Corporate Office Properties Trust (NYSE:OFC) from $28.00 to $25.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at ISI Group upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. They now have a $28.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Corporate Office Properties Trust (NYSE:OFC) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, July 18th. They now have a $31.00 price target on the stock.
Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $27.38.
Corporate Office Properties Trust (NYSE:OFC) traded down 0.97% on Thursday, hitting $23.48. 606,298 shares of the company’s stock traded hands. Corporate Office Properties Trust has a one year low of $22.40 and a one year high of $29.95. The stock’s 50-day moving average is $24. and its 200-day moving average is $26.51. The company’s market cap is $2.007 billion.
Corporate Office Properties Trust (NYSE:OFC) last released its earnings data on Friday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, analysts predict that Corporate Office Properties Trust will post $0.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.28 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.68%.
In other Corporate Office Properties Trust news, Director Clay Hamlin III sold 5,000 shares of the stock on the open market in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $22.81, for a total transaction of $114,050.00. Following the sale, the director now directly owns 10,390 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Corporate Office Properties Trust is an office real estate investment trust (NYSE:OFC), which focuses on the customer relationships and specialized tenant requirements in the United States Government and defense information technology, and data sectors.