Corporate Office Properties Trust (NYSE:OFC) stock went on a downward path that fall over -1.48% on Tuesday, amounting to a one-week price increase of more than 0.17%. Over the last 12 months, OFC stock rose by -1.64%. The one-year OFC stock forecast points to a potential downside of -0.03, with the average price target set at $30.00 per share. The average equity rating for OFC stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for OFC stock reached $3.34 billion, with 113.72 million shares outstanding and 111.63 million shares in the current float. Compared to the average trading volume of 689.61K shares, OFC reached a trading volume of 653,297 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Corporate Office Properties Trust (OFC):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OFC shares is $30.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OFC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Corporate Office Properties Trust shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on April 23, 2019. The new note on the price target was released on January 09, 2019, representing the official price target for Corporate Office Properties Trust stock.
The Average True Range (ATR) for Corporate Office Properties Trust is set at 0.48, with the Price to Sales ratio for OFC stock in the period of the last 12 months amounting to 5.56. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 0.41. Price to Free Cash Flow for OFC in the course of the last twelve months was 48.36.
OFC Stock Performance Analysis:
Corporate Office Properties Trust (OFC) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.17. With this latest performance, OFC shares gained by 1.56% in over the last four-week period, additionally plugging by 7.43% over the last 6 months – not to mention a drop of -1.64% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OFC stock in for the last two-week period is set at 52.91, with the RSI for the last a single of trading hit 49.56, and the three-weeks RSI is set at 53.64 for Corporate Office Properties Trust (OFC). The present Moving Average for the last 50 days of trading for this stock 28.67, while it was recorded at 29.68 for the last single week of trading, and 26.87 for the last 200 days.
Insight into Corporate Office Properties Trust Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Corporate Office Properties Trust (OFC) shares currently have an operating margin of +12.36 and a Gross Margin at +31.47. Corporate Office Properties Trust’s Net Margin is presently recorded at +12.42.
Return on Total Capital for OFC is now 2.10, given the latest momentum, and Return on Invested Capital for the company is 2.17. Return on Equity for this stock inclined to 4.84, with Return on Assets sitting at 1.99. When it comes to the capital structure of this company, Corporate Office Properties Trust (OFC) has a Total Debt to Total Equity ratio set at 115.08. Additionally, OFC Total Debt to Total Capital is recorded at 53.51, with Total Debt to Total Assets ending up at 49.91. Long-Term Debt to Equity for the company is recorded at 114.81, with the Long-Term Debt to Total Capital now at 53.38.
Reflecting on the efficiency of the workforce at the company, Corporate Office Properties Trust (OFC) managed to generate an average of $190,050 per employee. Receivables Turnover for the company is 3.00 with a Total Asset Turnover recorded at a value of 0.16. Corporate Office Properties Trust’s liquidity data is similarly interesting compelling.
OFC Stock EPS
With the latest financial reports released by the company, Corporate Office Properties Trust posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Corporate Office Properties Trust go to 8.20%.
Corporate Office Properties Trust (OFC) Insider Position Details
There are presently around $3,296 million, or 99.70% of OFC stock, in the hands of institutional investors. The top three institutional holders of OFC stocks are: 1 NORTH WEALTH SERVICES LLC with ownership of 420, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; A.R.T. ADVISORS, LLC, holding 12,333 shares of the stock with an approximate value of $367000 in OFC stocks shares.
146 institutional holders increased their position in Corporate Office Properties Trust (NYSE:OFC) by around 10,572,101 shares. Additionally, 94 investors decreased positions by around 8,573,923 shares, while 43 investors held positions by with 91,546,446 shares. The mentioned changes placed institutional holdings at 110,692,470 shares, according to the latest SEC report filing. OFC stock had 47 new institutional investments in for a total of 5,424,293 shares, while 23 institutional investors sold positions of 846,115 shares during the same period.