FBR Capital Maintains a 'Market Perform' on Corporate Office Properties Trust (OFC); Updating Estimates on Equity Offering
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Price: $24.94 --0%
Rating Summary:
11 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
11 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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FBR Capital maintains a 'Market Perform' on Corporate Office Properties Trust (NYSE: OFC), PT $35.50.
FBR analyst said, "We are maintaining our price target and our rating on
shares of Corporate Office Properties (OFC), "COPT," following the recent equity offering. On May 25, COPT completed a common equity offering of 4.6 million shares at $33.00 per share, netting about $145.7 million in proceeds, prior to offering expenses."
"We are revising our FY 2011, 2012, 2013, and 2014 FFO per share estimates to $1.36, $2.45, $3.07, and $3.70, respectively, to reflect the recent equity issuance offset by our withdrawal of convertible debt issuance assumptions."
For more ratings news on Corporate Office Properties Trust click here and for the rating history of Corporate Office Properties Trust click here.
Shares of Corporate Office Properties Trust closed at $35.42 yesterday.
FBR analyst said, "We are maintaining our price target and our rating on
shares of Corporate Office Properties (OFC), "COPT," following the recent equity offering. On May 25, COPT completed a common equity offering of 4.6 million shares at $33.00 per share, netting about $145.7 million in proceeds, prior to offering expenses."
"We are revising our FY 2011, 2012, 2013, and 2014 FFO per share estimates to $1.36, $2.45, $3.07, and $3.70, respectively, to reflect the recent equity issuance offset by our withdrawal of convertible debt issuance assumptions."
For more ratings news on Corporate Office Properties Trust click here and for the rating history of Corporate Office Properties Trust click here.
Shares of Corporate Office Properties Trust closed at $35.42 yesterday.
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