Corporate Office Properties Trust (NYSE:OFC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Corporate Office Properties Trust (NYSE:OFC – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.

OFC has been the topic of a number of other research reports. Wells Fargo & Company increased their target price on Corporate Office Properties Trust from $26.00 to $29.00 and gave the company an overweight rating in a report on Tuesday, November 22nd. JPMorgan Chase & Co. reduced their price target on Corporate Office Properties Trust to $29.00 in a research report on Thursday, December 1st.

Corporate Office Properties Trust Stock Down 2.7 %

OFC stock opened at $22.87 on Thursday. Corporate Office Properties Trust has a fifty-two week low of $22.22 and a fifty-two week high of $29.64. The business’s 50-day moving average is $26.35 and its two-hundred day moving average is $25.86. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 14.95 and a beta of 1.02.

Corporate Office Properties Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be given a $0.285 dividend. This is a boost from Corporate Office Properties Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.14 dividend on an annualized basis and a yield of 4.98%. Corporate Office Properties Trust’s dividend payout ratio is presently 71.90%.

Institutional Trading of Corporate Office Properties Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 buying an additional 103,136 shares in the last quarter. State Street Corp grew its position 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 worth $194,536,000 after purchasing an additional 769,941 shares in the last quarter. Resolution Capital Ltd grew its position in shares of Corporate Office Properties Trust by 6.8% during the fourth quarter. Resolution Capital Ltd now owns 4,747,609 shares of the real estate investment trust’s stock worth $123,153,000 after purchasing an additional 304,312 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Corporate Office Properties Trust by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,587,930 shares of the real estate investment trust’s stock worth $119,172,000 after purchasing an additional 48,143 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Corporate Office Properties Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 2,330,733 shares of the real estate investment trust’s stock worth $60,459,000 after purchasing an additional 75,889 shares in the last quarter.

Corporate Office Properties Trust Company Profile

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Corporate Office Properties Trust, Inc is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.