Analysts See $0.52 EPS for Corporate Office Properties Trust (OFC)

October 13, 2017 - By Hazel Jackson

 Analysts See $0.52 EPS for Corporate Office Properties Trust (OFC)
Investors sentiment increased to 1.34 in 2017 Q2. Its up 0.39, from 0.95 in 2017Q1. It is positive, as 19 investors sold Corporate Office Properties Trust shares while 68 reduced holdings. 28 funds opened positions while 89 raised stakes. 98.25 million shares or 2.32% less from 100.59 million shares in 2017Q1 were reported.
Next Gru accumulated 300 shares or 0% of the stock. Hexavest Incorporated holds 3,300 shares or 0% of its portfolio. The New York-based Mutual Of America Capital Management Ltd Liability Company has invested 0.05% in Corporate Office Properties Trust (NYSE:OFC). New Mexico Educational Retirement Board has 13,667 shares. Capstone Asset Mngmt has invested 0.01% in Corporate Office Properties Trust (NYSE:OFC). Moreover, Jefferies Grp Limited Liability Corporation has 0% invested in Corporate Office Properties Trust (NYSE:OFC). Cornerstone Mngmt Ltd Liability Corporation holds 0.03% in Corporate Office Properties Trust (NYSE:OFC) or 102,949 shares. Pub Employees Retirement Of Ohio holds 0.03% of its portfolio in Corporate Office Properties Trust (NYSE:OFC) for 157,116 shares. Swiss National Bank accumulated 164,300 shares or 0.01% of the stock. Royal Bank Of Canada owns 793,946 shares. Moors And Cabot reported 0.08% stake. 25,900 are owned by Louisiana State Employees Retirement Systems. United Cap Fincl Advisers invested in 0.01% or 26,409 shares. Oregon Employees Retirement Fund invested in 0.02% or 34,803 shares. Da Davidson And Co has invested 0% in Corporate Office Properties Trust (NYSE:OFC).

Since May 2, 2017, it had 0 insider purchases, and 4 sales for $443,162 activity. DENTON ROBERT L sold $167,528 worth of stock. 3,118 shares were sold by JACOBSTEIN DAVID M, worth $104,576 on Friday, May 19.

Wall Street await Corporate Office Properties Trust (NYSE:OFC) to release earnings on October, 26. Analysts forecast EPS of $0.52, up exactly $0.01 or 1.96 % from 2014’s $0.51 EPS. The expected OFC’s profit could reach $51.42 million giving the stock 16.00 P/E in the case that $0.52 earnings per share is reported. After posting $0.49 EPS for the previous quarter, Corporate Office Properties Trust’s analysts now forecast 6.12 % EPS growth. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.27. About 364,211 shares traded. Corporate Office Properties Trust (NYSE:OFC) has risen 30.32% since October 13, 2016 and is uptrending. It has outperformed by 13.62% the S&P500.

Corporate Office Properties Trust (NYSE:OFC) Ratings Coverage

Among 13 analysts covering Corporate Office Properties Trust (NYSE:OFC), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Corporate Office Properties Trust had 31 analyst reports since July 29, 2015 according to SRatingsIntel. BTIG Research initiated the shares of OFC in report on Thursday, August 25 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Tuesday, April 12. The stock has “Sell” rating by Stifel Nicolaus on Monday, September 18. The stock of Corporate Office Properties Trust (NYSE:OFC) has “Hold” rating given on Wednesday, August 5 by Jefferies. The firm earned “Sell” rating on Wednesday, December 23 by Stifel Nicolaus. The firm has “Sell” rating given on Tuesday, August 1 by Stifel Nicolaus. Robert W. Baird downgraded the stock to “Neutral” rating in Wednesday, February 15 report. The stock of Corporate Office Properties Trust (NYSE:OFC) has “Hold” rating given on Tuesday, May 30 by Jefferies. Mizuho maintained Corporate Office Properties Trust (NYSE:OFC) on Tuesday, September 1 with “Neutral” rating. As per Monday, January 9, the company rating was downgraded by Raymond James.

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust . The company has market cap of $3.29 billion. The Firm owns, manages, leases, develops and acquires office and data center properties. It has a 45.38 P/E ratio. The Company’s divisions are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

More notable recent Corporate Office Properties Trust (NYSE:OFC) news were published by: Seekingalpha.com which released: “Trump REIT: Are You Singing The Corporate Office Property Trust ‘Shoulda …” on February 15, 2017, also Seekingalpha.com with their article: “Corporate Office Properties Trust’s (OFC) CEO Steve Budorick on Q2 2017 …” published on July 29, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Corporate Office Properties Trust, Essex Property Trust …” on September 26, 2017. More interesting news about Corporate Office Properties Trust (NYSE:OFC) were released by: Seekingalpha.com and their article: “Corporate Office Properties Trust’s (OFC) CEO Steve Budorick on Q1 2017 …” published on April 29, 2017 as well as Baltimoresun.com‘s news article titled: “COPT sells last of its White Marsh properties for $47.5 million” with publication date: July 31, 2017.

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