Corporate Office Properties Trust (NYSE:OFC) has risen sharply, recording gains of 6.27% in the past 4 weeks. However, the stock has corrected -0.61% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.58% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 20.65% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $29.93 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.81 and the 200 Day Moving Average price is recorded at $25.06.
The stock has recorded a 20-day Moving Average of 4.15% and the 50-Day Moving Average is 8.24%.
Corporate Office Properties Trust (NYSE:OFC): stock turned positive on Friday. Though the stock opened at $29.18, the bulls momentum made the stock top out at $29.555 level for the day. The stock recorded a low of $29.12 and closed the trading day at $29.33, in the green by 1.42%. The total traded volume for the day was 1,542,969. The stock had closed at $28.92 in the previous days trading.
In an insider trading activity, Thor Greg J, officer (SVP–CAO & Controller) of Corporate Office Properties Trust, unloaded 2,085 shares at an average price of $27.56 on June 9, 2016. The total amount of the transaction was worth $57,463, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Corporate Office Properties Trust (COPT) is an integrated self-managed real estate investment trust (REIT). Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively the Operating Partnership) is the entity through which COPT, the sole general partner of COPLP, conducts all of its operations and owns almost all of its assets. The Company has 10 reportable operating office property segments (comprising the Baltimore/Washington Corridor; Northern Virginia; San Antonio; Huntsville; Washington, DC – Capitol Riverfront; St. Marys and King George Counties; Greater Baltimore; Greater Philadelphia; Colorado Springs; and Other). It also has an operating wholesale data center segment. The Company operates in two industries: commercial office properties and wholesale data center. The Company acquires, develop, manage and lease office, and data center properties concentrated in office parks located in the Greater Washington, DC/Baltimore region.