Corporate Office Property Trust (NYSE:OFC – Get Rating) has been assigned a consensus recommendation of “pending” by six analysts covering the company, Marketbeat Ratings reports. He has one investment analyst who has assigned a sell rating, three who have assigned a hold rating, and two who have given the company a buy rating. The average 12-month target price for brokerages that updated stock coverage last year is $25.50.
OFC has been the subject of many research reports. Truist Financial lowered its rating on the Corporate Office Properties Trust from ‘buy’ to ‘hold’ and lowered its price target from $30.00 to $28.00 in a report on Wednesday, September 14th. They noted that the move was an evaluation call. StockNews.com upgraded the Corporate Office Property Trust from a ‘Sell’ rating to a ‘Pending’ rating in a report on Thursday, November 3rd. Finally, Wells Fargo & Company lowered its corporate office properties trust price target from $29.00 to $26.00, rating the company ‘overweight’ in a research note on Tuesday, October 18. Set up.
Institutional sale of corporate office real estate trust
A number of institutional investors have recently changed their stakes in the company. Campbell & CO Investment Adviser LLC increased his stake in Corporate Office Property Trust by 5.5% in the first quarter. He owns 8,556 shares of a real estate investment trust worth $244,000 after Campbell & CO Investment Adviser LLC purchased an additional 446 shares of him last quarter. M&T Bank Corp expanded his position in Corporate Office Properties Trust shares by 2.6% in the second quarter. M&T Bank Corp now owns 20,734 real estate investment trust shares worth $541,000 after purchasing an additional 532 shares last quarter. Exchange Traded Concepts LLC increased its stake in Corporate Office Properties Trust by 2.3% in the second quarter. After purchasing an additional 552 shares during this period, Exchange Traded Concepts LLC now owns 24,088 shares of Real Estate Investment Trust stock valued at $631,000. Price T Rowe Associates Inc. MD increased its equity stake in Corporate Office Properties Trust by 1.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 46,610 real estate investment trust shares valued at $1,221,000 after purchasing an additional 636 shares during this period. Finally, the Alaska Department of Revenue increased its stake in Corporate Office Property Trust shares by 0.9% in the third quarter. The Alaska Department of Revenue owns 71,637 shares of real estate investment trust stock valued at $1,663,000 after purchasing an additional 639 shares during this period.
Corporate Office Property Trust Trading Up 0.5 %
Corporate Office Property Trust shares opened Friday at $26.57. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt to equity ratio of 1.33. The stock has a market cap of $2.99 billion, a PE ratio of 22.14 and a beta of 0.97. His 50-day moving average price for this stock is $25.09 and its 200-day moving average price is $26.08. The Corporate Office Property Trust has a 52-week low of $22.22 and a 52-week high of $29.64.
Corporate Office Properties Trust Announces Dividend
The company recently announced a quarterly dividend payable on Tuesday, January 17th. Dividends of $0.275 per share will be issued to shareholders of record on Friday, December 30. The ex-dividend date for this dividend is December 29 (Thursday). This represents his $1.10 dividend and his 4.14% yield on an annualized basis. Corporate Office Properties Trust’s current dividend payout ratio is 91.67%.
About Corporate Office Properties Trust
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center assets. A significant portion of its portfolio is located in support of the U.S. government and its contractors, most of which are engaged in national security, defense, and information technology (IT) related activities, growing and enduring and high priority missions (defence/defense/IT locations).
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