Corporate Office Properties Trust (NYSE:OFC) – Capital One Financial Corp. boosted their FY2017 earnings per share estimates for Corporate Office Properties Trust in a research report issued on Monday. Capital One Financial Corp. analyst C. Lucas now forecasts that the brokerage will post earnings per share of $2.10 for the year, up from their prior estimate of $2.09.

Other equities analysts have also issued reports about the company. BTIG Research started coverage on Corporate Office Properties Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $33.00 target price for the company. KeyCorp lowered Corporate Office Properties Trust to a “hold” rating in a research report on Friday, July 15th. Jefferies Group restated a “hold” rating and set a $27.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, July 29th. JPMorgan Chase & Co. boosted their target price on Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, August 15th. Finally, Mizuho boosted their target price on Corporate Office Properties Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $28.14.

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

Shares of Corporate Office Properties Trust (NYSE:OFC) traded up 0.14% during trading on Thursday, reaching $27.64. 72,325 shares of the company traded hands. The stock has a market cap of $2.61 billion, a P/E ratio of 27.81 and a beta of 0.89. Corporate Office Properties Trust has a 12 month low of $19.52 and a 12 month high of $30.55. The stock’s 50 day moving average price is $28.32 and its 200-day moving average price is $27.77.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.14. The business had revenue of $145.93 million for the quarter, compared to the consensus estimate of $116.93 million. Corporate Office Properties Trust had a net margin of 18.58% and a return on equity of 7.92%. Corporate Office Properties Trust’s revenue was down 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.99%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 111.11%.

In related news, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $29.49, for a total transaction of $58,980.00. Following the sale, the director now directly owns 306,500 shares in the company, valued at approximately $9,038,685. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David M. Jacobstein sold 1,924 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $28.36, for a total value of $54,564.64. Following the sale, the director now owns 9,243 shares in the company, valued at $262,131.48. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in OFC. Wellington Management Group LLP bought a new stake in Corporate Office Properties Trust during the first quarter worth about $50,033,000. State Street Corp raised its stake in Corporate Office Properties Trust by 1.7% in the first quarter. State Street Corp now owns 3,732,867 shares of the real estate investment trust’s stock worth $97,947,000 after buying an additional 64,101 shares during the last quarter. Teachers Advisors Inc. raised its stake in Corporate Office Properties Trust by 5.3% in the first quarter. Teachers Advisors Inc. now owns 86,014 shares of the real estate investment trust’s stock worth $2,257,000 after buying an additional 4,358 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Corporate Office Properties Trust by 3.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 18,274 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 604 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Corporate Office Properties Trust by 4.3% in the first quarter. UBS Asset Management Americas Inc. now owns 383,457 shares of the real estate investment trust’s stock worth $10,062,000 after buying an additional 15,868 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

About Corporate Office Properties Trust

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

5 Day Chart for NYSE:OFC

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