Jefferies Maintains a 'Hold' on Corporate Office Properties Trust (OFC); Continued Asset Sales, But Earnings Growth Challenges
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Price: $29.03 -2.42%
Rating Summary:
1 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Rating Summary:
1 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Trade OFC Now!
Jefferies maintains a 'Hold' on Corporate Office Properties Trust (NYSE: OFC) price target of $21.00.
Analyst, Omotayo Okusanya, said, "We believe continued asset sales by OFC as part of its Strategic Repositioning Plan will go a long way towards improving the balance sheet and repositioning the company for future growth. In the near-term however, dilution from this effort, and weak fundamentals will stunt FFO/sh growth until at least 2014."
FY EPS estimate lowered from $2.04 to $2.00
For an analyst ratings summary and ratings history on Corporate Office Properties Trust click here. For more ratings news on Corporate Office Properties Trust click here.
Shares of Corporate Office Properties Trust closed at $22.51 yesterday, with a 52 week range of $19.35-$27.20.
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Analyst, Omotayo Okusanya, said, "We believe continued asset sales by OFC as part of its Strategic Repositioning Plan will go a long way towards improving the balance sheet and repositioning the company for future growth. In the near-term however, dilution from this effort, and weak fundamentals will stunt FFO/sh growth until at least 2014."
FY EPS estimate lowered from $2.04 to $2.00
For an analyst ratings summary and ratings history on Corporate Office Properties Trust click here. For more ratings news on Corporate Office Properties Trust click here.
Shares of Corporate Office Properties Trust closed at $22.51 yesterday, with a 52 week range of $19.35-$27.20.
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