Brokerage Firm Rating Update on Corporate Office Properties Trust (OFC)

Corporate Office Properties Trust (OFC) : The consensus on Corporate Office Properties Trust (OFC) based on 10 analyst recommendation on the company stock is 1.9, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Corporate Office Properties Trust (OFC) : Currently there are 9 street experts covering Corporate Office Properties Trust (OFC) stock. The most bullish and bearish price target for the stock is $34 and $27 respectively for the short term. The average price target of all the analysts comes to $30.89. The estimated standard deviation from the target is $2.03.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Corporate Office Properties Trust (NYSE:OFC) . The global brokerage major announces a current price target of $33 per share. Analysts at the BTIG Research have a current rating of Buy on the shares. The rating by the firm was issued on August 25, 2016.

Corporate Office Properties Trust (NYSE:OFC): The stock opened at $28.97 and touched an intraday high of $29.45 on Wednesday. During the day, the stock corrected to an intraday low of $28.94, however, the bulls stepped in and pushed the price higher to close in the green at $29.45 with a gain of 1.48% for the day. The total traded volume for the day was 805,128. The stock had closed at $29.02 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.