Corporate Office Properties Trust (NYSE:OFC) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Corporate Office Properties Trust (NYSE:OFCGet Rating) from a hold rating to a sell rating in a report published on Monday morning.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock an overweight rating in a report on Tuesday, November 22nd. Truist Financial cut Corporate Office Properties Trust from a buy rating to a hold rating and cut their price target for the company from $30.00 to $28.00 in a report on Wednesday, September 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $26.80.

Corporate Office Properties Trust Stock Performance

Shares of OFC stock opened at $26.86 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. Corporate Office Properties Trust has a one year low of $22.22 and a one year high of $29.64. The company’s 50-day simple moving average is $25.39 and its 200-day simple moving average is $26.17. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 22.38 and a beta of 0.97.

Corporate Office Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.10%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 91.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at approximately $26,000. Lazard Asset Management LLC acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at approximately $27,000. Signaturefd LLC increased its stake in shares of Corporate Office Properties Trust by 319.5% during the third quarter. Signaturefd LLC now owns 1,078 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 821 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at approximately $31,000. Finally, Pinebridge Investments L.P. increased its stake in shares of Corporate Office Properties Trust by 322.8% during the second quarter. Pinebridge Investments L.P. now owns 1,691 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,291 shares during the period.

About Corporate Office Properties Trust

(Get Rating)

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what it believes are growing, durable, priority missions (Defense/IT Locations).

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Analyst Recommendations for Corporate Office Properties Trust (NYSE:OFC)

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