Corporate Office Properties Tru – Consensus Indicates Potential 17.0% Upside

Broker Ratings

Corporate Office Properties Tru with ticker code (OFC) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 34 and 24 calculating the mean target price we have 29. Given that the stocks previous close was at 24.78 this would indicate that there is a potential upside of 17.0%. The day 50 moving average is 23.88 and the 200 day MA is 24.83. The market capitalisation for the company is $2,751m. Company Website: http://www.copt.com

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”). The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of September 30, 2020, the Company derived 88% of its core portfolio annualized rental revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including 15 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 174 office and data center shell properties encompassed 20.2 million square feet and was 94.6% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.

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