Wells Fargo & Company Trims Corporate Office Properties Trust (NYSE:OFC) Target Price to $26.00

Corporate Office Properties Trust (NYSE:OFC – Get Rating) had its price objective lowered by equities researchers at Wells Fargo & Company from $31.00 to $26.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 13.69% from the company’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com initiated coverage on Corporate Office Properties Trust in a report on Thursday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price objective on Corporate Office Properties Trust to $29.00 in a report on Thursday, December 1st.

Corporate Office Properties Trust Stock Down 2.7 %

OFC opened at $22.87 on Thursday. The company has a market cap of $2.57 billion, a P/E ratio of 14.95 and a beta of 1.02. The business’s 50-day moving average price is $26.42 and its 200-day moving average price is $25.88. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.30. Corporate Office Properties Trust has a 12 month low of $22.22 and a 12 month high of $29.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Corporate Office Properties Trust by 3.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,633 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 389 shares during the period. LPL Financial LLC boosted its position in Corporate Office Properties Trust by 2.0% during the 4th quarter. LPL Financial LLC now owns 30,738 shares of the real estate investment trust’s stock valued at $797,000 after acquiring an additional 589 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Corporate Office Properties Trust by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 72,237 shares of the real estate investment trust’s stock valued at $1,873,000 after acquiring an additional 600 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Corporate Office Properties Trust by 2.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 23,378 shares of the real estate investment trust’s stock valued at $606,000 after acquiring an additional 635 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Corporate Office Properties Trust by 1.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 46,610 shares of the real estate investment trust’s stock valued at $1,221,000 after acquiring an additional 636 shares in the last quarter.

Corporate Office Properties Trust Company Profile

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Corporate Office Properties Trust, Inc is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.