Reaffirmed: Office Properties Trust (NYSE:OFC) Hold Rating Kept by Analysts at Jefferies; $36.0 Target in Place

September 17, 2017 - By Richard Conner

 Reaffirmed: Office Properties Trust (NYSE:OFC) Hold Rating Kept by Analysts at Jefferies; $36.0 Target in Place

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.11, from 1.17 in 2016Q3. It dropped, as 22 investors sold Corporate Office Properties Trust shares while 82 reduced holdings. 31 funds opened positions while 79 raised stakes. 99.04 million shares or 8.23% more from 91.51 million shares in 2016Q3 were reported.

Prudential owns 562,380 shares. Gsa Prns Llp holds 8,717 shares. Strs Ohio has 824,001 shares. Ameriprise Inc holds 0.01% or 632,099 shares in its portfolio. Denver Advsr Llc reported 890,720 shares. Forward Lc accumulated 33,000 shares. Advsrs Asset Mngmt owns 34,767 shares. Renaissance Grp Inc Limited Liability has 13,576 shares for 0.02% of their portfolio. Aperio Group Ltd Liability holds 0.01% in Corporate Office Properties Trust (NYSE:OFC) or 49,551 shares. Td Asset accumulated 37,700 shares. Geode Lc reported 811,709 shares. 2,000 were reported by Synovus Fincl Corp. Fincl Architects Inc accumulated 200 shares. 138,500 are held by Employees Retirement Systems Of Texas. 144,710 were reported by Putnam Invs Lc.

Since May 2, 2017, it had 0 insider buys, and 4 insider sales for $443,162 activity. $69,016 worth of Corporate Office Properties Trust (NYSE:OFC) was sold by DENTON ROBERT L on Tuesday, June 6.

Office Properties Trust (NYSE:OFC) Rating Reaffirmed

They currently have a $36.0 TP on Office Properties Trust (NYSE:OFC). The target price by Jefferies would suggest a potential upside of 9.89 % from the company’s previous close. This has been shown in a note on Monday, 11 September.

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.11, from 1.17 in 2016Q3. It dropped, as 22 investors sold Corporate Office Properties Trust shares while 82 reduced holdings. 31 funds opened positions while 79 raised stakes. 99.04 million shares or 8.23% more from 91.51 million shares in 2016Q3 were reported.

Prudential owns 562,380 shares. Gsa Prns Llp holds 8,717 shares. Strs Ohio has 824,001 shares. Ameriprise Inc holds 0.01% or 632,099 shares in its portfolio. Denver Advsr Llc reported 890,720 shares. Forward Lc accumulated 33,000 shares. Advsrs Asset Mngmt owns 34,767 shares. Renaissance Grp Inc Limited Liability has 13,576 shares for 0.02% of their portfolio. Aperio Group Ltd Liability holds 0.01% in Corporate Office Properties Trust (NYSE:OFC) or 49,551 shares. Td Asset accumulated 37,700 shares. Geode Lc reported 811,709 shares. 2,000 were reported by Synovus Fincl Corp. Fincl Architects Inc accumulated 200 shares. 138,500 are held by Employees Retirement Systems Of Texas. 144,710 were reported by Putnam Invs Lc.

Since May 2, 2017, it had 0 insider buys, and 4 insider sales for $443,162 activity. $69,016 worth of Corporate Office Properties Trust (NYSE:OFC) was sold by DENTON ROBERT L on Tuesday, June 6.

Corporate Office Properties Trust (NYSE:OFC) Ratings Coverage

Among 12 analysts covering Corporate Office Properties Trust (NYSE:OFC), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. Corporate Office Properties Trust has $38 highest and $20 lowest target. $31.10’s average target is -5.07% below currents $32.76 stock price. Corporate Office Properties Trust had 28 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, August 11 by M Partners. The company was maintained on Monday, August 7 by Jefferies. Mizuho upgraded Corporate Office Properties Trust (NYSE:OFC) on Monday, January 25 to “Buy” rating. Jefferies maintained the stock with “Hold” rating in Monday, July 3 report. The rating was maintained by Evercore on Tuesday, September 8 with “Hold”. The stock of Corporate Office Properties Trust (NYSE:OFC) has “Sell” rating given on Wednesday, December 23 by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, July 29 by Stifel Nicolaus. The rating was downgraded by Suntrust Robinson to “Hold” on Friday, January 20. The firm has “Market Perform” rating by Raymond James given on Monday, January 9. On Friday, January 20 the stock rating was downgraded by SunTrust to “Hold”.

The stock decreased 0.30% or $0.1 on September 15, reaching $32.76. About 631,546 shares traded. Corporate Office Properties Trust (NYSE:OFC) has risen 30.32% since September 17, 2016 and is uptrending. It has outperformed by 13.62% the S&P500.

Wall Street await Corporate Office Properties Trust (NYSE:OFC) to release earnings on October, 26. Analysts forecast earnings per share of $0.52, up exactly $0.01 or 1.96 % from 2014’s $0.51 EPS. The expected OFC’s profit could reach $51.75M giving the stock 15.75 P/E in the case that $0.52 earnings per share is reported. After posting $0.49 EPS for the previous quarter, Corporate Office Properties Trust’s analysts now forecast 6.12 % EPS growth.

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust . The company has market cap of $3.26 billion. The Firm owns, manages, leases, develops and acquires office and data center properties. It has a 44.69 P/E ratio. The Company’s divisions are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

More important recent Corporate Office Properties Trust (NYSE:OFC) news were published by: Seekingalpha.com which released: “Trump REIT: Are You Singing The Corporate Office Property Trust ‘Shoulda …” on February 15, 2017, also Seekingalpha.com published article titled: “Corporate Office Properties Trust’s (OFC) CEO Steve Budorick on Q2 2017 …”, Baltimoresun.com published: “COPT sells last of its White Marsh properties for $47.5 million” on July 31, 2017. More interesting news about Corporate Office Properties Trust (NYSE:OFC) was released by: Seekingalpha.com and their article: “Corporate Office Properties Trust’s (OFC) CEO Steve Budorick on Q1 2017 …” with publication date: April 29, 2017.

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