Brokerage firm Credit Suisse Upgrades its rating on Corporate Office Properties Trust(NYSE:OFC). In a research note issued to the investors, the brokerage major Raises the price-target to $29.00 per share. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Apr 12, 2016.
In a different note, On Feb 17, 2016, Stifel Nicolaus said it Upgrades its rating on Corporate Office Properties Trust. The shares have been rated ‘Hold’ by the firm. On Jan 25, 2016, Mizuho Securities said it Upgrades its rating on Corporate Office Properties Trust. The shares have been rated ‘Buy’ by the firm.
Corporate Office Properties Trust (OFC) made into the market gainers list on Fridays trading session with the shares advancing 0.46% or 0.12 points. Due to strong positive momentum, the stock ended at $26.32, which is also near the day’s high of $26.57. The stock began the session at $26.2 and the volume stood at 8,48,942 shares. The 52-week high of the shares is $29.03 and the 52 week low is $19.52. The company has a current market capitalization of $2,488 M and it has 9,45,28,118 shares in outstanding.
Corporate Office Properties Trust(OFC) last announced its earnings results on Feb 12, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $134.48M. Analysts had an estimated revenue of $114.35M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.52.
Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Greg J Thor (SVP–CAO & Controller) sold 2,183 shares at $25.95 per share price.Also, 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.