Headlines about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.0414499851 out of 100, meaning 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 headlines that may have effected Accern’s scoring:
- Corporate Office Properties Trust (OFC) CEO Acquires $20,728.00 in Stock (americanbankingnews.com)
- Corporate Office Properties Trust (OFC) Presents At The 2018 Citi Global Property CEO Conference – Slideshow (seekingalpha.com)
- Corporate Office Properties Trust (OFC) Shares Sold by Teacher Retirement System of Texas (americanbankingnews.com)
- Schwerin Boyle Capital Management Inc. Invests $2.49 Million in Corporate Office Properties Trust (OFC) (americanbankingnews.com)
A number of research analysts have recently commented on the company. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Mizuho reaffirmed a “hold” rating and set a $32.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, November 24th. Evercore ISI raised Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Bank of America cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Finally, Jefferies Group reissued a “buy” rating and issued a $38.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.88.
Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $164.57 million during the quarter, compared to the consensus estimate of $143.44 million. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. analysts expect that Corporate Office Properties Trust will post 2.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.18%. Corporate Office Properties Trust’s dividend payout ratio is currently 192.99%.
In related news, insider Paul R. Adkins bought 10,000 shares of the stock in a transaction on Thursday, December 21st. The stock was bought at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the completion of the acquisition, the insider now directly owns 29,465 shares in the company, valued at $856,252.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Denton sold 8,500 shares of the company’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 sale, 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. In the last 90 days, insiders have acquired 13,800 shares of company stock valued at $387,528. 0.60% of the stock is 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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