Corporate Office Properties Trust (NYSE:OFC) Receives $25.50 Consensus Target Price from Analysts

Corporate Office Properties Trust (NYSE:OFCGet Rating) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.25.

Several analysts have weighed in on OFC shares. Truist Financial downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $30.00 to $28.00 in a research report on Wednesday, September 14th. They noted that the move was a valuation call. Wells Fargo & Company upped their price target on Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, StockNews.com raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd.

Corporate Office Properties Trust Stock Performance

Shares of OFC stock opened at $27.23 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. Corporate Office Properties Trust has a fifty-two week low of $22.22 and a fifty-two week high of $29.64. The stock has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $26.10. The company has a market capitalization of $3.06 billion, a P/E ratio of 22.69 and a beta of 0.97.

Corporate Office Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, December 29th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 91.67%.

Institutional Investors Weigh In On Corporate Office Properties Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Corporate Office Properties Trust by 0.6% in the third quarter. Vanguard Group Inc. now owns 16,739,476 shares of the real estate investment trust’s stock worth $388,858,000 after acquiring an additional 103,136 shares in the last quarter. State Street Corp lifted its holdings in shares of Corporate Office Properties Trust by 12.9% during the first quarter. State Street Corp now owns 6,752,312 shares of the real estate investment trust’s stock valued at $194,536,000 after purchasing an additional 769,941 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Corporate Office Properties Trust by 6.0% during the second quarter. Victory Capital Management Inc. now owns 4,728,268 shares of the real estate investment trust’s stock valued at $123,833,000 after purchasing an additional 268,844 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Corporate Office Properties Trust by 155.3% during the second quarter. Millennium Management LLC now owns 1,901,739 shares of the real estate investment trust’s stock valued at $49,807,000 after purchasing an additional 1,156,923 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Corporate Office Properties Trust by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 1,746,480 shares of the real estate investment trust’s stock valued at $49,845,000 after purchasing an additional 4,635 shares in the last quarter.

About Corporate Office Properties Trust

(Get Rating)

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is 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).

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

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