Corporate Office Properties Trust (OFC) Director Buys $76,200.00 in Stock

Corporate Office Properties Trust (NYSE:OFC) Director Lisa G. Trimberger bought 3,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $25.40 per share, with a total value of $76,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Corporate Office Properties Trust (OFC) traded down $0.08 during trading hours on Tuesday, hitting $25.43. 1,295,653 shares of the stock traded hands, compared to its average volume of 820,768. Corporate Office Properties Trust has a 1-year low of $24.78 and a 1-year high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2,618.65, a P/E ratio of 44.76 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The company had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. research analysts forecast that Corporate Office Properties Trust will post 2.02 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on OFC shares. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, October 18th. SunTrust Banks restated a “hold” rating and issued a $34.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. TheStreet upgraded shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. Finally, Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.29.

Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new position in Corporate Office Properties Trust during the fourth quarter valued at $237,000. Cubist Systematic Strategies LLC acquired a new position in Corporate Office Properties Trust during the second quarter valued at $248,000. ARP Americas LP acquired a new position in Corporate Office Properties Trust during the fourth quarter valued at $266,000. Crossmark Global Holdings Inc. acquired a new position in Corporate Office Properties Trust during the third quarter valued at $314,000. Finally, Schroder Investment Management Group acquired a new position in Corporate Office Properties Trust during the third quarter valued at $397,000.

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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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