Oppenheimer Asset Management Inc. decreased its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,322 shares of the real estate investment trust’s stock after selling 390 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Corporate Office Properties Trust were worth $467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in OFC. World Asset Management Inc acquired a new position in shares of Corporate Office Properties Trust during the first quarter valued at $201,000. Bailard Inc. acquired a new position in shares of Corporate Office Properties Trust during the first quarter valued at $202,000. Cadence Capital Management LLC acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at $204,000. LS Investment Advisors LLC boosted its holdings in shares of Corporate Office Properties Trust by 1.5% during the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 97 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at $262,000.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at 32.76 on Friday. The company has a 50-day moving average of $32.91 and a 200 day moving average of $33.72. The firm has a market cap of $3.24 billion, a P/E ratio of 44.94 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.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities analysts predict that Corporate Office Properties Trust will post $0.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s payout ratio is presently 150.68%.

In other news, Director Steven D. Kesler sold 3,637 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $128,749.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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Several equities analysts have recently issued reports on OFC shares. Jefferies Group LLC reissued a “neutral” rating and set a $36.00 price target (up previously from $32.00) on shares of Corporate Office Properties Trust in a report on Tuesday, May 30th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Mizuho downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $33.33.

Corporate Office Properties Trust 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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Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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