Corporate Office Properties Trust (NYSE:OFC) Director Steven D. Kesler sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Corporate Office Properties Trust (NYSE:OFC) opened at 28.53 on Wednesday. The company has a 50 day moving average of $27.40 and a 200-day moving average of $27.93. Corporate Office Properties Trust has a 52-week low of $19.52 and a 52-week high of $30.55. The stock has a market capitalization of $2.69 billion, a P/E ratio of 85.93 and a beta of 0.88.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Corporate Office Properties Trust had a net margin of 8.00% and a return on equity of 3.41%. The firm earned $142.10 million during the quarter, compared to the consensus estimate of $125.03 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Corporate Office Properties Trust’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts anticipate that Corporate Office Properties Trust will post $2.00 EPS for the current year.

Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in OFC. Breton Hill Capital Ltd. boosted its position 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 during the period. Pensionfund DSM Netherlands acquired a new position in shares of Corporate Office Properties Trust during the second quarter worth $976,000. Pensionfund Sabic acquired a new position in shares of Corporate Office Properties Trust during the second quarter worth $355,000. BNP Paribas Arbitrage SA boosted its position 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 during the period. Finally, Heitman Real Estate Securities LLC acquired a new position in shares of Corporate Office Properties Trust during the first quarter worth $23,378,000. 99.73% of the stock is currently owned by hedge funds and other institutional investors.

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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