Citadel Advisors LLC Cuts Position in Corporate Office Properties Trust (NYSE:OFC)

Marco Green
March 14, 2018

The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.53 by ($0.43). It specializes in acquiring, developing, owning, leasing and managing high quality office and data center properties. The stock increased 4.52% or $0.68 during the last trading session, reaching $15.74. About 796,049 shares traded.

The analysts offering 12 month price targets for Corporate Office Properties Trust have a median target of $31, with a high estimate of $38 and a low estimate of $22. It has outperformed by 13.62% the S&P500.

Sensato Investors Llc decreased its stake in Trinseo S A (TSE) by 8.35% based on its latest 2017Q3 regulatory filing with the SEC. Company insiders own 0.60% of the company's stock. Following the transaction, the director now owns 2,508 shares in the company, valued at approximately $65,157.84. The company has market cap of 4.99 billion GBP. The stock increased 0.62% or $0.08 during the last trading session, reaching $13.06. Profund Advisors Llc owns 53,973 shares. Fort Washington Inv Oh has invested 0% of its portfolio in Corporate Office Properties Trust (NYSE:OFC). It has outperformed by 9.91% the S&P500.

Emerald Advisers Inc increased Clovis Oncology Inc (NASDAQ:CLVS) stake by 79,372 shares to 333,396 valued at $27.47M in 2017Q3. (NYSE:MPW) for 293,253 shares. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Therefore 33% are positive. Medical Properties Trust had 34 analyst reports since September 17, 2015 according to SRatingsIntel. To ascertain 10-Months Price Index, simply dividing current price of the stock by the 10-Months back price. The stock has "Neutral" rating by Mizuho on Tuesday, September 1. Morgan Stanley maintained the shares of RRC in report on Thursday, October 26 with "Equal-Weight" rating. The stock has "Buy" rating by Roth Capital on Friday, September 16. The firm earned "Buy" rating on Monday, August 28 by Jefferies. KeyBanc Capital Markets maintained the stock with "Hold" rating in Monday, October 23 report. The stock of Range Resources Corporation (NYSE:RRC) has "Sell" rating given on Friday, April 28 by Barclays Capital. SunTrust analysts upgraded the shares of Liberty Property Trust from a Hold to Buy in a research note they presented on January 22nd, 2018. Therefore 36% are positive. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The firm earned "Hold" rating on Thursday, June 22 by Stifel Nicolaus. The company was downgraded on Tuesday, December 13 by Wells Fargo. Cowen & Co has "Buy" rating and $23.0 target. The stock of Corporate Office Properties Trust (NYSE:OFC) has "Hold" rating given on Friday, February 9 by Robert W. Baird. BTIG Research initiated Corporate Office Properties Trust (NYSE:OFC) on Thursday, August 25 with "Buy" rating. Mizuho maintained the shares of OFC in report on Monday, February 12 with "Hold" rating. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.27. Corporate Office Properties Trust presently has an average rating of "Hold" and an average price target of $30.88.

Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, February 8th. Pensionfund Dsm Netherlands holds 49,000 shares. OFC's profit will be $51.21 million for 13.43 P/E if the $0.49 EPS becomes a reality. Bank of New York Mellon Corp now owns 4,637,510 shares of the real estate investment trust's stock valued at $135,415,000 after purchasing an additional 1,714,971 shares in the last quarter.

Halsey Associates Inc, which manages about $849.92 million and $507.35M US Long portfolio, decreased its stake in Berkshire Hathaway B (BRKB) by 2,270 shares to 105,950 shares, valued at $19.42M in 2017Q3, according to the filing. About 9.98 million shares traded or 64.91% up from the average. It also increased its holding in Popular Inc (NASDAQ:BPOP) by 21,841 shares in the quarter, for a total of 47,309 shares, and has risen its stake in Electronic Arts Inc (NASDAQ:EA). Comerica Bancorporation has 95,897 shares for 0.02% of their portfolio. Trimberger Lisa G bought 3,000 shares worth $76,200.

Investors sentiment decreased to 1.23 in 2017 Q3. Its up 0.54, from 1.23 in 2017Q2. 31 funds opened positions while 125 raised stakes. 100.12 million shares or 1.90% more from 98.25 million shares in 2017Q2 were reported.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $25.83 on Wednesday. Mutual Of America Cap Mgmt Ltd has 81,556 shares. Moreover, Schwab Charles Investment Mngmt Inc has 0.03% invested in Corporate Office Properties Trust (NYSE:OFC). Tiaa Cref Mngmt Lc owns 1.20 million shares for 0.01% of their portfolio. Ubs Asset Americas reported 0.01% stake. This information shouldn't be overlooked due to the greatly float size in the stock of 108.25M shares.

Another recent and important Corporate Office Properties Trust (NYSE:OFC) news was published by Seekingalpha.com which published an article titled: "Corporate Office Properties Trust's (OFC) CEO Steve Budorick on Q4 2017 ..." on February 09, 2018. Us National Bank & Trust De, a Minnesota-based fund reported 15,112 shares. Ameritas Invest stated it has 29,755 shares. Putnam Invests Limited Company holds 0% or 43,120 shares. Commonwealth Of Pennsylvania School Empls Retrmt System accumulated 0.01% or 14,510 shares.

Invesco holds 0.01% or 455,993 shares in its portfolio.

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