News stories about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.6153457592917 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Corporate Office Properties Trust (OFC) Shares Sold by Global Endowment Management LP (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) Shares Sold by Eagle Asset Management Inc. (americanbankingnews.com)
- Aperio Group LLC Lowers Position in Corporate Office Properties Trust (OFC) (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) Plans $0.28 Quarterly Dividend (americanbankingnews.com)
- COPT Declares 81st Consecutive Common Dividend (finance.yahoo.com)
Shares of Corporate Office Properties Trust (NYSE OFC) opened at $26.03 on Friday. The company has a market capitalization of $2,830.00, a price-to-earnings ratio of 45.67, a PEG ratio of 7.47 and a beta of 0.68. The company has a current ratio of 1.81, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. Corporate Office Properties Trust has a twelve month low of $24.78 and a twelve month high of $36.03.
Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.43). The firm had revenue of $164.57 million during the quarter, compared to analysts’ expectations of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. sell-side analysts expect that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.23%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 192.98%.
Several analysts have recently commented on the company. SunTrust Banks set a $30.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Evercore ISI upgraded Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, November 1st. Citigroup decreased their price objective on Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Robert W. Baird set a $28.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.88.
In other news, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $25.40 per share, for a total transaction of $76,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert L. Denton sold 8,500 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $25.98, for a total value of $220,830.00. Following the completion of the transaction, the director now owns 2,508 shares of the company’s stock, valued at approximately $65,157.84. The disclosure for this sale can be found here. Insiders purchased a total of 16,000 shares of company stock valued at $457,970 in the last 90 days. 0.60% of the stock is currently owned by company insiders.
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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.
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