Corporate Office Properties Trust (NYSE:OFC) went down by -1.44% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the REIT – Office giant went up by $25.36 to trade ended Friday trading at $25.73. This is down from the $25.73 price recorded on Thursday’s trading session. Thanks to this latest performance, OFC is closer to the higher price 52-week target of $34.00 and further from the lowest price target of $23.00. Its performance from the start of the year has also been negative, with OFC down by -13.68% year-to-date.
Corporate Office Properties Trust (OFC) started the day trading at $26.12 and recorded an intraday high of $26.24. It also recorded an intraday low of $25.235 during Friday’s trading session. Corporate Office Properties Trust is a very active stock that recorded a trading volume that is more than 50.37% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 2055242, which is more than 50.37 of the total average daily trading volume of 1.02 million.
Corporate Office Properties Trust (NYSE:OFC) 2020 Performance Impressive
The increase in OFC’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of OFC currently stands at $30.57, which is higher than the current trading price of the stock by 17.04%. However, OFC’s current trading price is -66.51% lower than the 52-week low price of $15.23. In terms of trading volume, Corporate Office Properties Trust currently experienced healthy participation during the last trading session. 2055242 shares of Corporate Office Properties Trust were traded on the stock exchange on Friday, which is more than 50.37% of the 1.02 million average trading volume of the stock.
The performance of the stock has been positive over the past year. OFC’s performance over the past one year has seen it plunge by -12.46%, while the stock has gone down by -12.07% in the last six months. The quarterly performance of OFC currently stands at 53.79%, and it is up by 7.73% in the last month. The only negative figure was from the weekly performance, which currently reads -1.59%. At the time of writing OFC’s report, the company has a total market cap of $2.89B, making it one of the largest publicly-traded companies in the world.Corporate Office Properties Trust also has over 394 employees all over the world.
OFC Insider Activities
For Corporate Office Properties Trust, insiders hold 98.09% of all company shares. The insider transactions over the past six months are up by 35.50%. During that period, insiders bought 93,148 shares in 17 transactions. In that same period, insiders sold 50,805 of their shares in 18 transactions. After these transactions, insiders at Corporate Office Properties Trust now hold 331.98k shares, which is over 98.09% of the total company stocks. Institutional investors currently hold a large chunk of the OFC shares, as they control 0.30% of the company’s total stock.
OFC Fundamental Analysis
For Corporate Office Properties Trust, the stock’s diluted earnings per share (EPS) stands at 1.74. In the coming year, analysts expect the EPS to be 0.92. The EPS growth will up over the next five years to 8.20% after surging by 46.90% in the previous five years. In terms of revenue, Corporate Office Properties Trust’s quarterly sales (YOY) is growing at 0.21, which is lower than the average annual revenue of 46.90% over the past half a decade.
The Return on Investment (ROI) on Corporate Office Properties Trust’s stock currently stands at 4.50%. The gross margin of the company is 52.40%.
OFC Analysts Prediction
In April 06, 2020, several analysts reiterated their positions on the Corporate Office Properties Trust stock and predicted its performance to their investors. The analysts at BofA/Merrill believe OFC is still a Buy and set the price target between $23 and $29.
BofA/Merrill and Mizuho also believe that Corporate Office Properties Trust’s stock is outperforming at the moment.
At the moment, Corporate Office Properties Trust’s Total Debt to Equity ratio stands at 1.28, and they have a long-term Debt to Equity ratio of 1.28.
OFC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of OFC currently stands at -1.81%, while the SMA50 is 0.31%. The biggest one is the SMA200, which is currently reading -7.43% ahead of Friday’s trading session. The Relative Strength Index of this stock is 48.36, while its price to earnings ratio (P/E) is 14.58.
