Sterling Capital Management LLC cut its stake in shares of Corporate Office Properties Trust (NYSE:OFC) by 23.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. Sterling Capital Management LLC owned approximately 0.05% of Corporate Office Properties Trust worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capstone Asset Management Co. increased its position in shares of Corporate Office Properties Trust by 1.0% during the second quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 80 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Corporate Office Properties Trust by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after acquiring an additional 98 shares during the last quarter. Utah Retirement Systems increased its position in shares of Corporate Office Properties Trust by 0.4% during the first quarter. Utah Retirement Systems now owns 24,547 shares of the real estate investment trust’s stock valued at $812,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Corporate Office Properties Trust by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock valued at $898,000 after acquiring an additional 137 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 229 shares during the last quarter.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Capital One Financial Corporation cut shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, July 14th. Finally, Jefferies Group LLC upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $39.00 in a report on Monday, September 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $34.29.

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Corporate Office Properties Trust (NYSE OFC) opened at 32.22 on Thursday. The company has a 50-day moving average of $33.02 and a 200-day moving average of $33.66. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The stock’s market cap is $3.16 billion.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The company had revenue of $151.44 million during the quarter, compared to the consensus estimate of $138.04 million. During the same quarter last year, the company earned $0.52 earnings per share. Corporate Office Properties Trust’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Corporate Office Properties Trust will post $0.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s payout ratio is currently 150.68%.

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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