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Enter Symbol:
 
Corporate Office Properties Trust (OFC) [hlAlert]

Rating:
Sell OFC
down 28.12 %

Corporate Office Properties Trust (OFC) downgraded to Sell with price target $20 by Stifel

Posted on: Wednesday,  Dec 23, 2015  8:25 AM ET by Stifel

Stifel rated Sell Corporate Office Properties Trust (NYSE: OFC) on 12/23/2015. Previously Stifel rated Buy Corporate Office Properties Trust (NYSE: OFC) on
02/23/2015., when the stock price was $30.26. Since then, Corporate Office Properties Trust has lost 28.12% as of 12/23/2015's recent price of $21.75.
If you would have followed the previous Stifel's recommendation on OFC, you would have lost 28.12% of your investment in 303 days.

Corporate Office Properties Trust (COPT) is a fully integrated and self-managed real estate investment trust (REIT) that focuses on customer relationships and tenant requirements in the United States Government, defense information technology and data sectors. The Company acquires, develops, manages and leases properties that are concentrated in large office parks primarily located adjacent to government demand drivers and/or in demographic markets possessing growth opportunities. During the year ended December 31, 2008, the Company acquired three office properties totaling 247,000 square feet that were 100% occupied (one located in Colorado Springs and two in San Antonio). In 2008, it had seven newly constructed properties totaling 528,000 square feet. It also placed into service 85,000 square feet in two partially operational properties.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/23/2015 8:25 AM Sell
None
21.75 20.00
as of 8/27/2015
1 Week down  -7.34 %
1 Month down  -12.65 %
3 Months down  -17.94 %
1 YTD down  -27.92 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/23/2015 8:25 AM Buy
None
30.26 35.00
10/29/2013 8:25 AM Hold
None
24.46
7/18/2013 9:25 AM Buy
None
28.08 31.00

(*) Stock Price at the time of the recommendation.
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