Earnings Prediction Review: Corporate Office Properties Trust (OFC)

Lloyd Doyle
March 14, 2018

Trimberger Lisa G bought $76,200 worth of stock. The institutional investor held 33.21 million shares of the oil & gas production company at the end of 2017Q3, valued at $649.89 million, up from 22.00M at the end of the previous reported quarter. Halsey Associates Inc who had been investing in Nike for a number of months, seems to be bullish on the $108.21B market cap company. The institutional investor owned 224,237 shares of the real estate investment trust's stock after selling 142,784 shares during the period. About 338,478 shares traded. It has underperformed by 29.95% the S&P500. Ubs Asset Americas Incorporated invested in 0% or 44,046 shares. A month ago, they told us to expect earnings of US$0.31 per share while three months ago their EPS consensus estimate was US$0.31.

Trading at the moment with a market cap of $2.82B, OFC has a significant cash 786.19 million on their books, which will have to be weighed and compared to their $0 in total current liabilities.

Not withstanding that, the passion for the stock has increased, which sees an increase in its trading volume by 75567.403% above its longer-run average levels. Peak6 Invs L P owns 1,646 shares. Medical Properties Trust, Inc. PDC Energy, Inc. (NASDAQ:PDCE) has declined 13.25% since March 8, 2017 and is downtrending. It has underperformed by 25.94% the S&P500. Its the same as in 2017Q2. It is positive, as 18 investors sold OFC shares while 70 reduced holdings. 100.12 million shares or 1.90% more from 98.25 million shares in 2017Q2 were reported. California Pub Employees Retirement System owns 97,000 shares. 39,603 were reported by Citadel Advisors Ltd Co. State Street holds 4.45M shares or 0.01% of its portfolio. M&T Bancorporation, a New York-based fund reported 11,804 shares. Jasper Ridge LP accumulated 0.04% or 40,838 shares. Credit Suisse Ag owns 362,928 shares. Oregon Employees Retirement Fund reported 36,657 shares. Ubs Asset Americas reported 0.01% stake. Eii Cap Mngmt invested in 23,923 shares.

Among 43 analysts covering Range Resources Corp. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Therefore 27% are positive.

Several research analysts have recently issued reports on the stock. The firm has "Outperform" rating by RBC Capital Markets given on Monday, May 2. The stock has "Outperform" rating by Raymond James on Tuesday, May 17. Jefferies maintained TimkenSteel Corporation (NYSE:TMST) on Wednesday, September 16 with "Buy" rating. Barclays Capital has "Overweight" rating and GBX 160 target. The firm has "Buy" rating given on Thursday, August 25 by BTIG Research. JP Morgan maintained the shares of RTO in report on Thursday, April 21 with "Underweight" rating. The stock of Rentokil Initial plc (LON:RTO) has "Top Pick" rating given on Wednesday, October 28 by RBC Capital Markets.

Since February 14, 2018, it had 0 insider buys, and 1 insider sale for $6.07 million activity. REASONER SCOTT J had sold 1,000 shares worth $55,830.

Schwab Charles Invest Mngmt accumulated 1.02M shares. It also reduced its holding in Centennial Resource Dev Inc by 467,664 shares in the quarter, leaving it with 14.92M shares, and cut its stake in Hudbay Minerals Inc (NYSE:HBM).

Among 15 analysts covering Corporate Office Properties Trust (NYSE:OFC), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 77% are positive.

Adelante Capital Management Llc increased Corporate Office Properties (OFC) stake by 36.44% reported in 2017Q3 SEC filing. Jefferies maintained the stock with "Hold" rating in Monday, September 11 report. The company was downgraded on Friday, January 20 by Suntrust Robinson. The stock of Medical Properties Trust, Inc. The firm earned "Buy" rating on Wednesday, May 31 by Cowen & Co. Moreover, Peoples Financial Svcs Corp has 0% invested in Medical Properties Trust, Inc. Jefferies maintained the shares of OFC in report on Monday, December 4 with "Buy" rating. The firm has "Buy" rating by Deutsche Bank given on Friday, July 22. Corporate Office Properties Trust presently has an average rating of "Hold" and an average price target of $30.88. Robert W. Baird initiated Medical Properties Trust, Inc. Peel Hunt maintained it with "Add" rating and GBX 178 target in Wednesday, April 20 report. The rating was maintained by Stifel Nicolaus on Friday, July 14 with "Hold".

Investors sentiment decreased to 1.23 in 2017 Q3. It fall, as 38 investors sold MPW shares while 89 reduced holdings. "(MPW) Position Boosted by Virtus Fund Advisers LLC" was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. 291.21 million shares or 2.54% less from 298.80 million shares in 2017Q2 were reported. Mizuho set a $26.00 target price on shares of Corporate Office Properties Trust and gave the stock a "hold" rating in a research note on Tuesday, February 13th. (NYSE:MPW) for 1,000 shares. (NYSE:MPW) opened at $13.25 on Tuesday. The United Kingdom-based Barclays Public Limited has invested 0% in Medical Properties Trust, Inc.

Virtus Fund Advisers LLC increased its holdings in Medical Properties Trust, Inc. (NYSE:MPW) for 15,750 shares. (NYSE:NKE) for 71,236 shares. About 348,416 shares traded or 106.83% up from the average. Corporate Office Properties Trust had 48 analyst reports since July 29, 2015 according to SRatingsIntel. (NYSE:MPW) for 60,388 shares. The New York-based Opus Point Partners Management Llc has invested 0.2% in the stock.

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