Ownership Action Report: Corporate Office Properties Trust (NYSE:OFC) Institutional Investors Sentiment Index Up in 2016 Q2

December 1, 2016 - By Ellis Scott   ·   0 Comments

Ownership Action Report: Corporate Office Properties Trust (NYSE:OFC) Institutional Investors Sentiment Index  Up in  2016 Q2

Sentiment for Corporate Office Properties Trust (NYSE:OFC)

Corporate Office Properties Trust (NYSE:OFC) institutional sentiment decreased to 1.17 in Q2 2016. Its down -0.27, from 1.44 in 2016Q1. The ratio worsened, as 125 active investment managers increased or opened new equity positions, while 87 trimmed and sold stock positions in Corporate Office Properties Trust. The active investment managers in our partner’s database now own: 91.75 million shares, up from 87.16 million shares in 2016Q1. Also, the number of active investment managers holding Corporate Office Properties Trust in their top 10 equity positions was flat from 4 to 4 for the same number . Sold All: 14 Reduced: 73 Increased: 94 New Position: 31.

Corporate Office Properties Trust is a self-managed real estate investment trust. The company has a market cap of $2.64 billion. The Firm owns, manages, leases, develops and acquires office and data center properties. It has a 85.63 P/E ratio. The Company’s divisions include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

Corporate Office Properties Trust (NYSE:OFC) has risen 8.74% since April 28, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

Analysts await Corporate Office Properties Trust (NYSE:OFC) to report earnings on February, 10. They expect $0.51 EPS, down 1.92% or $0.01 from last year’s $0.52 per share. OFC’s profit will be $47.36M for 13.94 P/E if the $0.51 EPS becomes a reality. After $0.51 actual EPS reported by Corporate Office Properties Trust for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services.”

V3 Capital Management L.P. holds 4.03% of its portfolio in Corporate Office Properties Trust for 540,625 shares. Channing Capital Management Llc owns 2.05 million shares or 2.53% of their US portfolio. Moreover, Lasalle Investment Management Securities Llc has 1.48% invested in the company for 5.34 million shares. The California-based Green Street Investors Llc has invested 1.29% in the stock. Denver Investment Advisors Llc, a Colorado-based fund reported 944,733 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 selling transactions for $281,869 net activity.

Corporate Office Properties Trust (NYSE:OFC) Ratings Coverage

Ratings analysis reveals 38% of Corporate Office Properties Trust’s analysts are positive. Out of 8 Wall Street analysts rating Corporate Office Properties Trust, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $33. The stock’s average target of $26.56 is -6.64% below today’s ($28.45) share price. OFC was included in 16 notes of analysts from July 29, 2015. The rating was maintained by Mizuho on Tuesday, September 1 with “Neutral”. The stock of Corporate Office Properties Trust (NYSE:OFC) earned “Sell” rating by Stifel Nicolaus on Wednesday, December 23. The company was maintained on Wednesday, August 5 by Jefferies. As per Tuesday, August 11, the company rating was maintained by M Partners. Mizuho upgraded the shares of OFC in a report on Monday, January 25 to “Buy” rating. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The firm has “Neutral” rating by JP Morgan given on Monday, August 15. BTIG Research initiated the shares of OFC in a report on Thursday, August 25 with “Buy” rating. The stock of Corporate Office Properties Trust (NYSE:OFC) has “Hold” rating given on Wednesday, July 29 by Stifel Nicolaus. The firm has “Hold” rating given on Tuesday, September 8 by Evercore.

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 Ellis Scott

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