News stories about Corporate Office Properties Trust (NYSE:OFC) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.6543594680524 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
OFC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Corporate Office Properties Trust in a research report on Wednesday, December 6th. ValuEngine lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Corporate Office Properties Trust in a research report on Friday, November 24th. Finally, TheStreet lowered shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.88.
Corporate Office Properties Trust (OFC) opened at $25.83 on Wednesday. Corporate Office Properties Trust has a fifty-two week low of $24.77 and a fifty-two week high of $36.03. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $2,563.49, a P/E ratio of 45.32, a P/E/G ratio of 7.36 and a beta of 0.74.
Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business had revenue of $164.57 million during the quarter, compared to analyst estimates of $143.44 million. During the same quarter last year, the company posted $0.51 EPS. Corporate Office Properties Trust’s quarterly revenue was up 15.9% compared to the same quarter last year. analysts expect that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.10 annualized dividend and a yield of 4.26%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 192.99%.
In other Corporate Office Properties Trust news, insider Paul R. Adkins purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were bought at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the acquisition, the insider now owns 29,465 shares in the company, valued at $856,252.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Denton sold 8,500 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $25.98, for a total transaction of $220,830.00. Following the completion of the transaction, the director now owns 2,508 shares in the company, valued at approximately $65,157.84. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.
About Corporate Office Properties Trust
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.