Find Out How Corporate Office Properties Trust (OFC) Insiders Are Trading Their Stock?

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As of Wednesday close, Corporate Office Properties Trust’s (NYSE:OFC) stock was down -$0.25, moving down -0.91 percent to $27.23. The average number of shares traded per day over the past five days has been 460,540 shares. 4 times new highs have been achieved over the past 5 days, with a $0.71 gain in that time frame. In the last twenty days, the average volume was 616,105, while in the previous 50 days, it was 752,558.

Since last month, OFC stock rose 7.29%. Shares of the company fell to $24.70 on 10/24/22, the lowest level in the past month. A 52-week high of $29.64 was reached on 03/29/22 after having rallying from a 52-week low of $22.22. Since the beginning of this year, OFC’s stock price has dropped by -2.65% or -$0.74, and marked a new high 6 times. However, the stock has declined by -8.13% since its 52-week high.


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OFC stock investors should be aware that Corporate Office Properties Trust (OFC) stock had its last reported insider trading activity 190 days ago on May 18. DENTON ROBERT L, the Director of the company, disposed of 3,416 shares for $26.74 on May 18. It resulted in a $91,360 divestment by the insider. Thor Greg J sold 2,000 shares at an average price of $29.35 on Mar 29. The insider now owns 18,096 shares following the transaction. On Mar 28, SVP–CAO & CONTROLLER Thor Greg J sold 2,333 shares at $28.79 apiece. The transaction was valued at $67,157.

Valuation Metrics

Right now, Corporate Office Properties Trust (OFC) has a P/E ratio of about 29.15. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 4.06, the price-to-book (PB) ratio of 1.84.

The latest dividend of $0.2750 per share was paid out, remained unchanged from last year’s $0.2750.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.37. On the profitability front, the trailing twelve-month gross margin is 48.00% percent. Based on annual data, OFC earned $168.7 million in gross profit and brought in $664.45 million in revenue.

In Corporate Office Properties Trust’s quarter-end financial report for September 29, it reported total debt of $2.27 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OFC’s revenue rose 9.91% to $185.8 million during the quarter, while net income inched up to $182.5 million. While analysts expected Corporate Office Properties Trust to report $0.28 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by -3.60%. During the quarter, the company generated $83.59 million in EBITDA. The value of shareholders’ equity is $112.42 million.

Technical Picture

This quick technical analysis looks at Corporate Office Properties Trust’s (OFC) price momentum. With a historical volatility rate of 26.33%, the RSI 9-day stood at 58.87% on 23 November.

With respect to its five-day moving average, the current Corporate Office Properties Trust price is up by +2.68% percent or $0.71. At present, OFC shares trade +6.78% above its 20-day simple moving average and +1.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.91% above its SMA50 and +8.79% above its SMA200.

Stochastic coefficient K was 65.92% and Stochastic coefficient D was 55.40%, while ATR was 0.64. Given the Stochastic reading of 61.14% for the 14-day period, the RSI (14) reading has been calculated as 59.06%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 0.32.

Analyst Ratings

Corporate Office Properties Trust downgraded its rating on Corporate Office Properties Trust (NYSE: OFC) to a Hold in a note to investors on September 14, 2022. The analysts firm previously had a Buy rating on the stock.Corporate Office Properties Trust (OFC) has been rated Overweight by analysts. According to 0 brokerage firms, OFC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Corporate Office Properties Trust stock as buy, with 5 recommending it as overweight.

With a median target price of $31.00, the current consensus forecast for the stock is $26.00 – $35.00. Based on these forecasts, analysts predict Corporate Office Properties Trust (OFC) will achieve an average price target of $30.45.

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