The President & CEO of Corporate Office Properties (NYSE: OFC) is Buying Shares

By Carrie Williams

Yesterday, the President & CEO of Corporate Office Properties (OFCResearch Report), Stephen Budorick, bought shares of OFC for $30K.

Following Stephen Budorick’s last OFC Buy transaction on January 02, 2019, the stock climbed by 7.7%.

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Based on Corporate Office Properties’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $160 million and quarterly net profit of $21.13 million. In comparison, last year the company earned revenue of $138 million and had a net profit of $18.58 million. The company has a one-year high of $30.28 and a one-year low of $20.04. Currently, Corporate Office Properties has an average volume of 675.88K.

The insider sentiment on Corporate Office Properties has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Corporate Office Properties Trust, Inc. is a real estate investment trust, which acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.