Wells Fargo analyst Blaine Heck maintained a Hold rating on Office Properties Trust (OFC) yesterday. The company’s shares closed yesterday at $27.51.
According to TipRanks.com, Heck is a 2-star analyst with an average return of 2.7% and a 63.6% success rate. Heck covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Kilroy Realty Corp, and Boston Properties.
Currently, the analyst consensus on Office Properties Trust is a Moderate Buy with an average price target of $26.
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Based on Office Properties Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $16.91 million. In comparison, last year the company had a net profit of $5.39 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OFC in relation to earlier this year.
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Corporate Office Properties Trust, Inc. is a real estate investment trust, which acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.
