Corporate Office Properties Trust (OFC) is Reiterated by Mizuho to Buy, Raises Price Target to $ 34

Corporate Office Properties Trust (OFC) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $30 . Mizuho advised their investors in a research report released on Aug 2, 2016.

On the company’s financial health, Corporate Office Properties Trust reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.50. The company had revenue of $145.93 million for the quarter, compared to analysts expectations of $163.74 million. The company’s revenue was down -14.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Corporate Office Properties Trust opened for trading at $29.63 and hit $30.55 on the upside on Friday, eventually ending the session at $29.96, with a gain of 1.11% or 0.33 points. The heightened volatility saw the trading volume jump to 10,61,441 shares. Company has a market cap of $2,836 M.

In a different news, on Jun 9, 2016, Greg J Thor (SVP–CAO & Controller) sold 2,085 shares at $27.56 per share price. According to the SEC, on Jun 2, 2016, David M Jacobstein (director) sold 1,500 shares at $26.99 per share price. On May 10, 2016, Robert L Denton (director) sold 3,007 shares at $26.80 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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