It’s Time To Focus On The Long Run With Corporate Office Properties Trust (OFC) stock

The closing price of Corporate Office Properties Trust (NYSE: OFC) was 25.14 for the day, down -1.99% from the previous closing price of $25.65. In other words, the price has decreased by $-0.51 from its previous closing price. On the day, 1030987 shares were traded. OFC reached its highest trading level at $26.04 during the session, while it also had its lowest trading level at $25.13.

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Our analysis of OFC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 1.31.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on September 14, 2022, Downgraded its rating to Hold and sets its target price to $28 from $30 previously.

KeyBanc Capital Markets Downgraded its Sector Weight to Underweight on January 13, 2022, while the target price for the stock was maintained at $24.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 18 when DENTON ROBERT L sold 3,416 shares for $26.74 per share. The transaction valued at 91,360 led to the insider holds 3,941 shares of the business.

Thor Greg J sold 2,000 shares of OFC for $58,702 on Mar 29. The SVP–CAO & CONTROLLER now owns 18,096 shares after completing the transaction at $29.35 per share. On Mar 28, another insider, Thor Greg J, who serves as the SVP–CAO & CONTROLLER of the company, sold 2,333 shares for $28.79 each. As a result, the insider received 67,157 and left with 20,096 shares of the company.

Valuation Measures:

As of this moment, Corporate’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.03, and their Forward P/E ratio for the next fiscal year is 22.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 1.70.

Stock Price History:

Over the past 52 weeks, OFC has reached a high of $29.64, while it has fallen to a 52-week low of $23.89. The 50-Day Moving Average of the stock is 26.58, while the 200-Day Moving Average is calculated to be 26.90.

Shares Statistics:

OFC traded an average of 617.61K shares per day over the past three months and 625.19k shares per day over the past ten days. A total of 112.08M shares are outstanding, with a floating share count of 112.03M. Shares short for OFC as of Jul 14, 2022 were 5.19M with a Short Ratio of 8.11, compared to 5.99M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.61% and a Short% of Float of 6.69%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.10, OFC has a forward annual dividend rate of 1.10. Against a Trailing Annual Dividend Yield of 4.29%, it implies a Forward Annual Dividend Yield of 3.91%. The stock’s 5-year Average Dividend Yield is 4.06.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.39 and a low estimate of $0.25, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.28, with high estimates of $0.33 and low estimates of $0.25.

Analysts are recommending an EPS of between $1.58 and $1.11 for the fiscal current year, implying an average EPS of $1.34. EPS for the following year is $1.16, with 5 analysts recommending between $1.24 and $1.05.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $146.97M to a low estimate of $141.44M. As of the current estimate, Corporate Office Properties Trust’s year-ago sales were $144.42M, an estimated decrease of -0.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $145.73M, a decrease of -0.60% less than the figure of $-0.40% in the same quarter last year. There is a high estimate of $152.4M for the next quarter, whereas the lowest estimate is $142.45M.

A total of 8 analysts have provided revenue estimates for OFC’s current fiscal year. The highest revenue estimate was $599.4M, while the lowest revenue estimate was $566.99M, resulting in an average revenue estimate of $582.09M. In the same quarter a year ago, actual revenue was $587.06M, down -0.80% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $614.38M in the next fiscal year. The high estimate is $634M and the low estimate is $581.31M. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.