As of Friday close, Corporate Office Properties Trust’s (NYSE:OFC) stock traded at $25.04. The average number of shares traded per day over the past five days has been 475,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.15 fall in that time frame. In the last twenty days, the average volume was 558,780, while in the previous 50 days, it was 603,674.
Since last month, OFC stock retreated -2.98%. Shares of the company fell to $24.75 on 07/28/23, the lowest level in the past month. A 52-week high of $28.69 was reached on 02/01/23 after having rallying from a 52-week low of $21.59. Since the beginning of this year, OFC’s stock price has dropped by -3.47% or -$0.90, and marked a new high 8 times. However, the stock has declined by -12.72% 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 94 days ago on May 17. DENTON ROBERT L, the Director of the company, disposed of 3,941 shares for $22.95 on May 17. It resulted in a $90,440 divestment by the insider.
Valuation Metrics
Right now, Corporate Office Properties Trust (OFC) has a P/E ratio of about 14.87. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 4.07, the price-to-book (PB) ratio of 1.62.
The latest dividend of $0.2850 per share was paid out, remained unchanged from last year’s $0.2850. On Wednesday February 22 2023, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.26, and the total debt-to-equity ratio was 1.26. On the profitability front, the trailing twelve-month gross margin is 54.30% percent. In the year ended June 29, operating margins totaled 26.40%. Based on annual data, OFC earned $181.42 million in gross profit and brought in $739.03 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was 11.20%.
In Corporate Office Properties Trust’s quarter-end financial report for June 29, it reported total debt of $2.18 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OFC’s revenue fell -9.81% to $167.5 million during the quarter, while net income inched up to $169.2 million. While analysts expected Corporate Office Properties Trust to report $0.27 quarterly earnings, the actual figure was $0.27 per share. During the quarter, the company generated $85.54 million in EBITDA. The value of shareholders’ equity is $112.53 million.
Technical Picture
This quick technical analysis looks at Corporate Office Properties Trust’s (OFC) price momentum. With a historical volatility rate of 12.14%, the RSI 9-day stood at 33.75% on 18 August.
With respect to its five-day moving average, the current Corporate Office Properties Trust price is down by -4.39% percent or -$1.15. At present, OFC shares trade -2.45% below its 20-day simple moving average and +11.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.25% above its SMA50 and -6.04% below its SMA200.
Stochastic coefficient K was 10.27% and Stochastic coefficient D was 18.58%, while ATR was 0.49. Given the Stochastic reading of 12.44% for the 14-day period, the RSI (14) reading has been calculated as 42.44%. As of today, the MACD Oscillator reading stands at -0.67, while the 14-day reading stands at -0.77.
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 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Corporate Office Properties Trust stock as buy, with 5 recommending it as overweight.
With a median target price of $29.00, the current consensus forecast for the stock is $23.00 – $35.00. Based on these forecasts, analysts predict Corporate Office Properties Trust (OFC) will achieve an average price target of $28.89.
