Swiss National Bank lifted its position in Corporate Office Properties Trust (NYSE:OFC) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,300 shares of the real estate investment trust’s stock after purchasing an additional 8,500 shares during the quarter. Swiss National Bank owned about 0.17% of Corporate Office Properties Trust worth $5,755,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc bought a new position in shares of Corporate Office Properties Trust in the first quarter worth $201,000. Bailard Inc. bought a new position in shares of Corporate Office Properties Trust in the first quarter worth $202,000. Cadence Capital Management LLC bought a new position in shares of Corporate Office Properties Trust in the second quarter worth $204,000. LS Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 97 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Corporate Office Properties Trust in the second quarter worth $262,000.

Corporate Office Properties Trust (NYSE:OFC) opened at 32.56 on Tuesday. The company has a market cap of $3.22 billion, a PE ratio of 44.66 and a beta of 0.84. The company has a 50-day moving average price of $32.88 and a 200-day moving average price of $33.71. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly 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 business had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. On average, analysts expect that Corporate Office Properties Trust will post $0.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s payout ratio is currently 150.68%.

OFC has been the topic of a number of research analyst reports. BidaskClub raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Capital One Financial Corporation cut Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 target price on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $33.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.33.

WARNING: “Corporate Office Properties Trust (OFC) Shares Bought by Swiss National Bank” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/19/corporate-office-properties-trust-ofc-shares-bought-by-swiss-national-bank.html.

About Corporate Office Properties Trust

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.

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

Receive News & Stock Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related stocks with our FREE daily email newsletter.