Corporate Office Properties Trust (NYSE:OFC) : Zacks Investment Research ranks Corporate Office Properties Trust (NYSE:OFC) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.7, which indicates as a Buy.
Corporate Office Properties Trust (NYSE:OFC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $25. The average forecast of all the analysts is $28 and the expected standard deviation is $1.66.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Credit Suisse upgrades its rating on Corporate Office Properties Trust (NYSE:OFC). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Credit Suisse raises the price target from $23.5 per share to $29 per share. The rating by the firm was issued on April 12, 2016.
Corporate Office Properties Trust (NYSE:OFC): stock turned positive on Tuesday. Though the stock opened at $28.34, the bulls momentum made the stock top out at $28.96 level for the day. The stock recorded a low of $28.12 and closed the trading day at $28.93, in the green by 3.01%. The total traded volume for the day was 1,207,300. The stock had closed at $28.085 in the previous days trading.
In an insider trading activity,The officer (SVP–CAO & Controller) of Corporate Office Properties Trust, Thor Greg J sold 2,085 shares at $27.56 on June 9, 2016. The Insider selling transaction had a total value worth of $57,463. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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. Marys 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.