Corporate Office Properties Trust (OFC) is an interesting player in the Financial space, with a focus on REIT – Office. The stock has been active on the tape, currently trading at $25.50, down from yesterday’s close by -0.04%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Corporate Office Properties Trust (OFC) currently trades with a market capitalization of $2.71 Billion. That value represents a market adjusting for revenues that have been growing by 15.90 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $304.6 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.3 on a per share basis this quarter. Perhaps, that suggests something about why 1.46% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Corporate Office Properties Trust recorded a 52-week high of $36.03. It is now trading 10.53% off that level. The stock is trading $28.29 its 50-day moving average by 2.79%. The stock carved out a 52-week low down at $24.93.
In recent action, Corporate Office Properties Trust (OFC) has made a move of -7.10% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.19% with $106.21 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OFC.