Stifel Nicolaus analyst John Guinee reiterated a Sell rating on Office Properties Trust (NYSE: OFC) yesterday and set a price target of $25. The company’s shares closed yesterday at $29.89.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.7% and a 62.8% success rate. Guinee covers the Financial sector, focusing on stocks such as First Industrial Realty Trust, Franklin Street Properties, and Armada Hoffler Properties.
Currently, the analyst consensus on Office Properties Trust is a Hold with an average price target of $29.
See today’s analyst top recommended stocks >>
Based on Office Properties Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $17.04 million. In comparison, last year the company had a net profit of $17.73 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Corporate Office Properties Trust, Inc. is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded in 1988 and is headquartered in Columbia, MD.
