Corporate Office Properties Trust (NYSE:OFC) – Equities research analysts at Capital One Financial Corp. upped their Q2 2017 earnings per share estimates for Corporate Office Properties Trust in a research note issued on Sunday. Capital One Financial Corp. analyst C. Lucas now anticipates that the firm will post earnings per share of $0.53 for the quarter, up from their previous forecast of $0.52. Capital One Financial Corp. also issued estimates for Corporate Office Properties Trust’s Q3 2017 earnings at $0.52 EPS and Q4 2017 earnings at $0.53 EPS.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The business had revenue of $142.10 million for the quarter, compared to analyst estimates of $125.03 million. Corporate Office Properties Trust had a return on equity of 3.41% and a net margin of 8.00%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS.

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

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

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 28.53 on Tuesday. Corporate Office Properties Trust has a 52-week low of $19.52 and a 52-week high of $30.55. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 85.93 and a beta of 0.88. The company’s 50 day moving average price is $27.40 and its 200 day moving average price is $27.93.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Wednesday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 333.34%.

In other Corporate Office Properties Trust news, Director David M. Jacobstein sold 1,924 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $28.36, for a total value of $54,564.64. Following the completion of the sale, the director now owns 9,243 shares in the company, valued at approximately $262,131.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Kesler sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $27.72, for a total value of $110,880.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in OFC. Breton Hill Capital Ltd. increased its stake in shares of Corporate Office Properties Trust by 225.2% in the second quarter. Breton Hill Capital Ltd. now owns 52,627 shares of the real estate investment trust’s stock worth $1,556,000 after buying an additional 36,442 shares in the last quarter. Pensionfund DSM Netherlands purchased a new stake in shares of Corporate Office Properties Trust during the second quarter worth approximately $976,000. Pensionfund Sabic purchased a new stake in shares of Corporate Office Properties Trust during the second quarter worth approximately $355,000. BNP Paribas Arbitrage SA increased its stake in shares of Corporate Office Properties Trust by 245.1% in the second quarter. BNP Paribas Arbitrage SA now owns 52,650 shares of the real estate investment trust’s stock worth $1,557,000 after buying an additional 37,392 shares in the last quarter. Finally, Heitman Real Estate Securities LLC purchased a new stake in shares of Corporate Office Properties Trust during the first quarter worth approximately $23,378,000. Institutional investors own 99.73% of the company’s stock.

Corporate Office Properties Trust Company Profile

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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