News articles about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.1915887702613 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Corporate Office Properties Trust (NYSE OFC) opened at 32.66 on Friday. The firm has a market cap of $3.23 billion, a PE ratio of 44.80 and a beta of 0.84. The company has a 50-day moving average of $32.86 and a 200 day moving average of $33.70. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03.
Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business had revenue of $151.44 million during the quarter, compared to analysts’ expectations of $138.04 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Corporate Office Properties Trust will post $0.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 150.68%.
OFC has been the topic of several research reports. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Jefferies Group LLC reissued a “neutral” rating and set a $36.00 price target (up previously from $32.00) on shares of Corporate Office Properties Trust in a research report on Tuesday, May 30th. BidaskClub cut shares of Corporate Office Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Capital One Financial Corporation cut shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Corporate Office Properties Trust has an average rating of “Hold” and a consensus price target of $33.33.
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.
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