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Corporate Office Properties Trust (OFC) Review – Making Smarter Decisions

Corporate Office Properties Trust (NYSE: OFC) is -10.12% lower on its value in year-to-date trading and has touched a low of $23.89 and a high of $29.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OFC stock was last observed hovering at around $25.65 in the last trading session, with the day’s loss setting it -0.51% off its average median price target of $31.00 for the next 12 months. It is also 26.06% off the consensus price target high of $34.00 offered by analysts, but current levels are 3.31% higher than the price target low of $26.00 for the same period.

Currently trading at $25.14, the stock is -3.40% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -1.99% at the moment leaves the stock -6.55% off its SMA200. OFC registered -8.01% loss for a year compared to 6-month loss of -9.92%.

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The stock witnessed a -5.13% gain in the last 1 month and extending the period to 3 months gives it a -5.67%, and is -1.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 2.21% over the month.

Corporate Office Properties Trust (OFC) has around 405 employees, a market worth around $2.77B and $734.10M in sales. Current P/E ratio is 28.03 and Fwd P/E is 22.19. Distance from 52-week low is 5.23% and -15.18% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).

Corporate Office Properties Trust (OFC) Analyst Forecasts

The EPS is expected to shrink by -23.50% this year

Corporate Office Properties Trust (OFC) Top Institutional Holders

The shares outstanding are 112.08M, and float is at 112.03M with Short Float at 4.47%.

Corporate Office Properties Trust (OFC) Insider Activity

A total of 7 insider transactions have happened at Corporate Office Properties Trust (OFC) in the last six months, with sales accounting for 3 and purchases happening 4 times. The most recent transaction is an insider sale by DENTON ROBERT L, the company’s Director. SEC filings show that DENTON ROBERT L sold 3,416 shares of the company’s common stock on May 18 at a price of $26.74 per share for a total of $91360.0. Following the sale, the insider now owns 3941.0 shares.

Corporate Office Properties Trust disclosed in a document filed with the SEC on Mar 29 that Thor Greg J (SVP–CAO & CONTROLLER) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 29 and was made at $29.35 per share for $58702.0. Following the transaction, the insider now directly holds 18096.0 shares of the OFC stock.

Still, SEC filings show that on Mar 28, Thor Greg J (SVP–CAO & CONTROLLER) disposed off 2,333 shares at an average price of $28.79 for $67157.0. The insider now directly holds 20,096 shares of Corporate Office Properties Trust (OFC).

Corporate Office Properties Trust (OFC): Who are the competitors?

The company’s main competitors (and peers) include CareTrust REIT Inc. (CTRE) that is trading -6.93% down over the past 12 months and Alexandria Real Estate Equities Inc. (ARE) that is -27.47% lower over the same period.

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