Somewhat Positive News Coverage Somewhat Unlikely to Affect Corporate Office Properties Trust (OFC) Stock Price

News stories about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.5814270147511 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several analysts recently issued reports on OFC shares. Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Jefferies Group reissued a “buy” rating and issued a $38.00 price target on shares of Corporate Office Properties Trust in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, SunTrust Banks set a $30.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.88.

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Shares of OFC stock opened at $25.18 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Corporate Office Properties Trust has a 1-year low of $24.77 and a 1-year high of $36.03. The firm has a market cap of $2,547.28, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 7.33 and a beta of 0.74.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The company 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 earnings per share. Corporate Office Properties Trust’s revenue for the quarter was up 15.9% on a year-over-year basis. equities research analysts predict that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, March 28th. Corporate Office Properties Trust’s dividend payout ratio is 192.99%.

In other news, Director Robert L. Denton sold 8,500 shares of the stock in a transaction on Friday, February 16th. The shares were 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 in the company, valued at approximately $65,157.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen E. Budorick acquired 1,600 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average price of $26.26 per share, with a total value of $42,016.00. Following the purchase, the chief executive officer now owns 103,242 shares in the company, valued at approximately $2,711,134.92. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 5,400 shares of company stock valued at $138,944. Corporate insiders own 0.60% of the company’s stock.

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Corporate Office Properties Trust Company Profile

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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