Corporate Office Properties Trust (NYSE:OFC) Given a $30.00 Price Target at Stifel Nicolaus

Corporate Office Properties Trust (NYSE:OFC) has been assigned a $30.00 target price by investment analysts at Stifel Nicolaus in a research note issued on Wednesday, TipRanks reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price indicates a potential upside of 7.95% from the stock’s current price.

Several other research firms have also recently weighed in on OFC. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. BTIG Research increased their price target on shares of Corporate Office Properties Trust to $33.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, KeyCorp cut shares of Corporate Office Properties Trust from a “sector weight” rating to an “underweight” rating and set a $23.00 price target on the stock. in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

Shares of OFC stock traded up $0.06 on Wednesday, reaching $27.79. The stock had a trading volume of 523,470 shares, compared to its average volume of 775,423. The company has a quick ratio of 1.73, a current ratio of 1.72 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average price is $27.46. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. Corporate Office Properties Trust has a 12 month low of $20.03 and a 12 month high of $31.01.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.44. The company had revenue of $175.07 million for the quarter, compared to analysts’ expectations of $151.18 million. Corporate Office Properties Trust had a net margin of 27.67% and a return on equity of 10.04%. Corporate Office Properties Trust’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Research analysts forecast that Corporate Office Properties Trust will post 2.03 earnings per share for the current year.

In other Corporate Office Properties Trust news, Director David M. Jacobstein sold 3,458 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $28.13, for a total transaction of $97,273.54. Following the transaction, the director now owns 9,565 shares in the company, valued at approximately $269,063.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert L. Denton sold 4,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $27.73, for a total transaction of $110,920.00. Following the transaction, the director now owns 272,000 shares in the company, valued at approximately $7,542,560. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,916 shares of company stock worth $305,744. Insiders own 0.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. TRUE Private Wealth Advisors acquired a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $25,000. Quadrant Capital Group LLC grew its position in shares of Corporate Office Properties Trust by 537.2% during the 1st quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,745 shares in the last quarter. Advisor Group Inc. grew its position in shares of Corporate Office Properties Trust by 141.1% during the 2nd quarter. Advisor Group Inc. now owns 4,994 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,923 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Corporate Office Properties Trust by 240.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,790 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 4,090 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $170,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Corporate Office Properties Trust Company Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties 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”).

Further Reading: Quick Ratio

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

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.