Today’s Short Interest Alert: After Reaching Milestone, Is Corporate Office Properties Trust (NYSE:OFC)’s Short Interest Revealing Something?

November 30, 2016 - By Louis Casey   ·   0 Comments

Today's Short Interest Alert: After Reaching Milestone, Is Corporate Office Properties Trust (NYSE:OFC)’s Short Interest Revealing Something?

The stock of Corporate Office Properties Trust (NYSE:OFC) registered a decrease of 6.52% in short interest. OFC’s total short interest was 2.05 million shares in November as published by FINRA. Its down 6.52% from 2.19M shares, reported previously. With 644,600 shares average volume, it will take short sellers 3 days to cover their OFC’s short positions. The short interest to Corporate Office Properties Trust’s float is 2.18%. About 728,475 shares traded hands. Corporate Office Properties Trust (NYSE:OFC) has risen 11.08% since April 27, 2016 and is uptrending. It has outperformed by 5.85% the S&P500.

Corporate Office Properties Trust is a self-managed real estate investment trust. The company has a market cap of $2.70 billion. The Firm owns, manages, leases, develops and acquires office and data center properties. It has a 85.93 P/E ratio. The Company’s divisions include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.27, from 1.44 in 2016Q1. The ratio dived, as 14 funds sold all Corporate Office Properties Trust shares owned while 73 reduced positions. 31 funds bought stakes while 94 increased positions. They now own 91.75 million shares or 5.26% more from 87.16 million shares in 2016Q1.
Alliancebernstein Ltd Partnership has 0% invested in the company for 119,127 shares. California Public Employees Retirement holds 0.01% or 263,494 shares in its portfolio. Hancock Company has 0.01% invested in the company for 7,895 shares. Us Bankshares De last reported 7,555 shares in the company. Macquarie Gp Ltd last reported 19,423 shares in the company. Panagora Asset Management Incorporated reported 6,631 shares or 0% of all its holdings. Blackrock Invest Management Ltd Limited Liability Company has 279,957 shares for 0.01% of their US portfolio. State Of Alaska Department Of Revenue holds 0.17% of its portfolio in Corporate Office Properties Trust (NYSE:OFC) for 55,240 shares. V3 Capital Lp, a New York-based fund reported 540,625 shares. Blackrock has invested 0.01% of its portfolio in Corporate Office Properties Trust (NYSE:OFC). Clinton Gp has 0.02% invested in the company for 12,731 shares. Glenmede Tru Co Na accumulated 0.03% or 154,286 shares. The New Mexico-based New Mexico Educational Retirement Board has invested 0.02% in Corporate Office Properties Trust (NYSE:OFC). Parametric Portfolio Associate Lc holds 0.03% of its portfolio in Corporate Office Properties Trust (NYSE:OFC) for 535,686 shares. Barrow Hanley Mewhinney & Strauss Ltd has 3.52 million shares for 0.16% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 4 insider sales for $281,869 net activity. 2,085 shares were sold by Thor Greg J, worth $57,456 on Thursday, June 9. JACOBSTEIN DAVID M had sold 1,924 shares worth $54,568 on Friday, August 26. DENTON ROBERT L had sold 2,000 shares worth $58,975 on Tuesday, August 2. The insider KESLER STEVEN D sold 4,000 shares worth $110,870.

Corporate Office Properties Trust (NYSE:OFC) Ratings Coverage

Out of 8 analysts covering Corporate Office Properties Trust (NYSE:OFC), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Corporate Office Properties Trust has been the topic of 16 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Corporate Office Properties Trust (NYSE:OFC) has “Neutral” rating given on Tuesday, September 1 by Mizuho. The company was maintained on Thursday, July 30 by RBC Capital Markets. The firm has “Sell” rating by Stifel Nicolaus given on Wednesday, December 23. JP Morgan maintained Corporate Office Properties Trust (NYSE:OFC) rating on Monday, August 15. JP Morgan has “Neutral” rating and $29 price target. BTIG Research initiated the stock with “Buy” rating in Thursday, August 25 report. The stock has “Hold” rating given by Evercore on Tuesday, September 8. The company was upgraded on Monday, January 25 by Mizuho. On Tuesday, April 12 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Corporate Office Properties Trust (NYSE:OFC) earned “Hold” rating by Stifel Nicolaus on Wednesday, July 29. The firm earned “Hold” rating on Wednesday, August 5 by Jefferies.

OFC Company Profile

Corporate Office Properties Trust (COPT), incorporated on January 22, 1998, is a self-managed real estate investment trust (REIT). The Firm owns, manages, leases, develops and acquires office and data center properties. The Company’s divisions include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other. The Defense/IT segment includes Fort George G. Meade and the Baltimore/Washington Corridor (Fort Meade/BW Corridor); Northern Virginia Defense/IT Locations; Lackland Air Force Base (in San Antonio); locations serving the United States Navy (Navy Support Locations); Redstone Arsenal (in Huntsville); Colorado Defense/IT Locations, and data center shells. The Company’s properties include approximately 180 operating office properties totaling over 18.1 million square feet; approximately 10 office properties; over 1,440 acres of land, and a wholesale data center with a critical load of approximately 19.25 megawatts. The Company’s Defense/IT Locations consists of over 140 of the Company’s office properties and Regional Office consists of approximately 20 of its office properties. The Company’s wholesale data center consists of one property in Manassas, Virginia.

More notable recent Corporate Office Properties Trust (NYSE:OFC) news were published by: Reuters.com which released: “BRIEF-Corporate Office Properties Trust Q3 FFO per share $0.49” on October 27, 2016, also Nasdaq.com with their article: “Corporate Office Properties Trust Becomes Oversold (OFC)” published on November 03, 2016, Forbes.com published: “Ex-Dividend Reminder: Annaly Capital , Corporate Office Properties Trust and …” on September 26, 2016. More interesting news about Corporate Office Properties Trust (NYSE:OFC) were released by: Baltimoresun.com and their article: “Head of Columbia-based Corporate Office Properties Trust to step down” published on February 12, 2016 as well as Streetinsider.com‘s news article titled: “Corporate Office Properties Trust (OFC) Names New COO” with publication date: November 11, 2016.

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By Louis Casey


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