Corporate Office Properties Trust (OFC) is Upgraded by Credit Suisse to Outperform

Corporate Office Properties Trust (OFC) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Corporate Office Properties Trust. Corporate Office Properties Trust was Upgraded by Credit Suisse to ” Outperform” on Apr 12, 2016. Corporate Office Properties Trust was Upgraded by Stifel to ” Hold” on Feb 17, 2016. Company shares were Upgraded by Mizuho on Jan 25, 2016 to ” Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .

On the company’s financial health, Corporate Office Properties Trust reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 12, 2016. Analyst had a consensus of $0.53. The company had revenue of $143.30 million for the quarter, compared to analysts expectations of $161.49 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Corporate Office Properties Trust closed down -0.15 points or -0.57% at $26.06 with 2,39,107 shares getting traded on Monday. Post opening the session at $26.32, the shares hit an intraday low of $26.03 and an intraday high of $26.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 17, 2016, Greg J Thor (SVP–CAO & Controller) sold 2,183 shares at $25.95 per share price. According to the SEC, on Feb 18, 2016, David M Jacobstein (director) sold 2,000 shares at $22.23 per share price. On Nov 19, 2015, Karen M Singer (SVP, General Counsel & Sec) sold 7,500 shares at $21.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Corporate Office Properties Trust (COPT) is an integrated self-managed real estate investment trust (REIT). Corporate Office Properties L.P. (COPLP) and subsidiaries (collectively the Operating Partnership) is the entity through which COPT the sole general partner of COPLP conducts all of its operations and owns almost all of its assets. The Company has 10 reportable operating office property segments (comprising the Baltimore/Washington Corridor; Northern Virginia; San Antonio; Huntsville; Washington DC – Capitol Riverfront; St. Mary’s and King George Counties; Greater Baltimore; Greater Philadelphia; Colorado Springs; and Other). It also has an operating wholesale data center segment. The Company operates in two industries: commercial office properties and wholesale data center. The Company acquires develop manage and lease office and data center properties concentrated in office parks located in the Greater Washington DC/Baltimore region.

Corporate Office Properties Trust

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