Corporate Office Properties Trust (OFC) Files Form 4 Insider Selling : David M Jacobstein Sells 1,500 Shares

Corporate Office Properties Trust (OFC): David M Jacobstein , director of Corporate Office Properties Trust sold 1,500 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $26.99 per share for a total value of $40,485.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Robert L Denton (director) sold 3,007 shares at $26.80 per share price.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.

Corporate Office Properties Trust: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Corporate Office Properties Trust which led to swings in the share price. The shares opened for trading at $26.93 and hit $27.27 on the upside , eventually ending the session at $27.06, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 7,91,274 shares. The 52-week high of the share price is $27.27 and the company has a market cap of $2,561 M . The 52-week low of the share price is at $19.52.

Corporate Office Properties Trust Money Flow Index Chart

On May 12, 2016, Corporate Office Properties Trust announced a cash dividend of $0.2750. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 15, 2016.

Company has been under the radar of several Street Analysts.Corporate Office Properties Trust is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 12, 2016.

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.

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Corporate Office Properties Trust - Is it time to Sell?

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