Corporate Office Properties Tru which can be found using ticker (OFC) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 35 and 24 with the average target price sitting at $28.90. Given that the stocks previous close was at $21.85 and the analysts are correct then we can expect a percentage increase in value of 32.3%. There is a 50 day moving average of $23.87 and the 200 day MA is $25.60. The company has a market capitalization of $2,498m. Visit the company website at: https://www.copt.com
The potential market cap would be $3,304m based on the market consensus.
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of December 31, 2022, the Company derived 91% of its core portfolio annualized rental revenue from Defense/IT Locations and 9% from its Regional Office Properties. As of the same date and including 21 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 192 properties encompassed 22.8 million square feet and was 95.3% leased.
The company has a dividend yield of 5.22% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 17.22, revenue per share of 6.61 and a 2.68% return on assets.
