Employees Retirement System of Texas boosted its stake in Corporate Office Properties Trust (NYSE:OFC) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,000 shares of the real estate investment trust’s stock after buying an additional 64,000 shares during the period. Employees Retirement System of Texas owned 0.25% of Corporate Office Properties Trust worth $8,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cadence Capital Management LLC bought a new stake in Corporate Office Properties Trust during the 2nd quarter valued at approximately $204,000. World Asset Management Inc purchased a new position in shares of Corporate Office Properties Trust during the 1st quarter worth approximately $201,000. Bailard Inc. purchased a new position in shares of Corporate Office Properties Trust during the 1st quarter worth approximately $202,000. Riverhead Capital Management LLC grew its holdings in shares of Corporate Office Properties Trust by 48.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,394 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $262,000.

Corporate Office Properties Trust (NYSE:OFC) traded up 0.49% during mid-day trading on Monday, hitting $32.99. The company had a trading volume of 36,095 shares. The company has a 50 day moving average of $32.86 and a 200 day moving average of $33.70. The firm has a market capitalization of $3.27 billion, a PE ratio of 45.25 and a beta of 0.81. 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 issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 15.86% and a return on equity of 6.55%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. Analysts predict that Corporate Office Properties Trust will post $0.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.275 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.35%. Corporate Office Properties Trust’s payout ratio is presently 150.68%.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $39.00 in a research report on Monday, September 25th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Finally, BidaskClub upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $33.83.

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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.

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

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