Corporate Office Properties Trust (OFC) Getting Somewhat Favorable Media Coverage, Report Shows

Headlines about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive media 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 media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.470878281573 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern’s analysis:

Shares of Corporate Office Properties Trust (OFC) opened at 33.11 on Monday. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 45.42 and a beta of 0.81. The firm has a 50 day moving average price of $33.03 and a 200 day moving average price of $33.67.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly 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. The firm had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Equities analysts forecast that Corporate Office Properties Trust will post $0.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.32%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 150.68%.

Several brokerages recently issued reports on OFC. Jefferies Group LLC reaffirmed a “hold” rating and set a $36.00 target price on shares of Corporate Office Properties Trust in a research report on Tuesday, July 4th. Mizuho cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research report on Monday, July 10th. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Corporate Office Properties Trust in a research report on Friday, July 14th. Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub cut Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus price target of $33.83.

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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.

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