Equities research analysts expect Corporate Office Properties Trust (NYSE:OFC) to report earnings of $0.52 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. Corporate Office Properties Trust posted earnings of $0.25 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 108%. The firm is expected to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.04. For the next year, analysts forecast that the company will post earnings of $2.14 per share, with EPS estimates ranging from $2.12 to $2.17. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue was up 3.8% on a year-over-year basis.

OFC has been the topic of a number of analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price target on shares of Corporate Office Properties Trust in a research note on Friday, July 14th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $36.00 price target on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.33.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total transaction of $69,020.00. Following the sale, the director now directly owns 294,500 shares in the company, valued at $10,163,195. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven D. Kesler sold 3,637 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total value of $128,749.80. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of OFC. Cadence Capital Management LLC purchased a new stake in Corporate Office Properties Trust during the second quarter worth approximately $204,000. World Asset Management Inc purchased a new stake in Corporate Office Properties Trust during the first quarter worth approximately $201,000. Bailard Inc. purchased a new stake in Corporate Office Properties Trust during the first quarter worth approximately $202,000. LS Investment Advisors LLC increased its stake in Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 97 shares during the last quarter. Finally, Garner Asset Management Corp purchased a new stake in Corporate Office Properties Trust during the second quarter worth approximately $246,000.

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Shares of Corporate Office Properties Trust (OFC) traded up 0.39% on Friday, hitting $33.49. The stock had a trading volume of 246,597 shares. The stock has a market cap of $3.32 billion, a P/E ratio of 45.94 and a beta of 0.84. Corporate Office Properties Trust has a 12 month low of $24.92 and a 12 month high of $36.03. The firm has a 50 day moving average of $33.31 and a 200 day moving average of $33.76.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.28%. Corporate Office Properties Trust’s payout ratio is 150.68%.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

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

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