(NYSE:MPW) have been on a recent steady downtrend, causing some worry for shareholders.
Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust.
Other hedge funds also recently made changes to their positions in the company. On average, equities research analysts predict that Medical Properties Trust, Inc. will post $0.86 earnings per share for the current fiscal year. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Cipher Capital LP bought a new stake in shares of Medical Properties Trust during the fourth quarter worth $215,000. Northwestern Mutual Investment Management Company LLC now owns 17,004 shares of the real estate investment trust's stock worth $563,000 after buying an additional 673 shares during the last quarter. (NYSE:MPW). Van Hulzen Asset Management reported 0.42% stake. Teachers Retirement System of The State of Kentucky now owns 24,600 shares of the real estate investment trust's stock valued at $469,000 after buying an additional 100 shares during the last quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the real estate investment trust's stock valued at $117,000 after buying an additional 1,400 shares in the last quarter.
In Financial sector, shares of Government Properties Income Trust (GOV) were valued at $18.46 and moved 0.82% as of a recent closing trade. The Granahan Investment Management Inc holds 287,000 shares with $6.08 million value, down from 827,412 last quarter.
Medical Properties Trust (NYSE:MPW) now has a trailing P/E of 15.63 while its forward P/E according to Thomson Reuters is 13.02. The overall volume in the last trading session was 2.55 million shares.
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The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -0.71% and has a pretty decent Year to Date (YTD) Performance of 5.85% which means the stock is constantly adding to its value from previous fiscal year end price. The firm has a market capitalization of $3.49 billion, a P/E ratio of 292.98 and a beta of 0.84. Now the P/E of Government Properties Income Trust (GOV) stands at 26.99. Ltd. raised its stake in shares of Medical Properties Trust by 41.3% in the fourth quarter. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Corporate Office Properties Trust had a net margin of 4.56% and a return on equity of 1.90%. During the same period in the prior year, the company posted $0.62 earnings per share. Medical Properties Trust's quarterly revenue was up 15.9% compared to the same quarter a year ago.
Corporate Office Properties Trust had its "underperform" rating reiterated by analysts at Evercore ISI.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.10 annualized dividend and a yield of 3.10%. Corporate Office Properties Trust's dividend payout ratio (DPR) is 1,000.09%. "Reduces Stake in Corporate Office Properties Trust (OFC)" was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another domain, it was copied illegally and reposted in violation of United States & global copyright & trademark law. The original version of this piece can be viewed at https://sportsperspectives.com/2017/07/05/corporate-office-properties-trust-ofc-position-cut-by-cornerstone-capital-management-holdings-llc-updated.html. JP Morgan downgraded the shares of LEJU in report on Friday, June 23 to "Underweight" rating. Jefferies Group LLC restated a "sell" rating and set a $15.00 target price on shares of Government Properties Income Trust in a research report on Tuesday, June 20th. The stock of Corporate Office Properties Trust (NYSE:OFC) has "Hold" rating given on Wednesday, July 29 by Stifel Nicolaus. Robert W. Baird downgraded Corporate Office Properties Trust (NYSE:OFC) rating on Wednesday, February 15. They issued an "outperform" rating and a $14.00 target price for the company. The company now has an average rating of "Hold" and an average target price of $14.22. The stock was sold at an average price of $34.51, for a total transaction of $69,020.00. Following the transaction, the director now directly owns 2,508 shares in the company, valued at $82,086.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $35.40, for a total value of $128,749.80. The disclosure for this sale can be found here. The Company operates through two segments: ownership of properties that are primarily leased to government tenants and its equity method investment in Select Income REIT (SIR).
According to Zacks, "Government Properties Income Trust is a real estate investment trust (REIT)".
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