State Street Corp lessened its stake in Corporate Office Properties Trust (NYSE:OFC) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,386,648 shares of the real estate investment trust’s stock after selling 11,341 shares during the quarter. State Street Corp owned 4.43% of Corporate Office Properties Trust worth $153,671,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OFC. Cadence Capital Management LLC acquired a new position in shares of Corporate Office Properties Trust in the 2nd quarter valued at about $204,000. World Asset Management Inc lifted its holdings in shares of Corporate Office Properties Trust by 3.8% in the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 229 shares during the period. Garner Asset Management Corp acquired a new position in shares of Corporate Office Properties Trust in the 2nd quarter valued at about $246,000. Riverhead Capital Management LLC lifted its holdings in shares of Corporate Office Properties Trust by 48.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 2,394 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Corporate Office Properties Trust in the 2nd quarter valued at about $262,000.

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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday. KeyCorp reissued a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. BidaskClub raised Corporate Office Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Capital One Financial Corp. cut Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Finally, 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 note on Monday, September 25th. Two 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.29.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 31.99 on Friday. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The firm’s 50-day moving average price is $32.99 and its 200 day moving average price is $33.64. The stock’s market capitalization is $3.14 billion.

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, beating the Zacks’ 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 analysts’ expectations of $138.04 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Corporate Office Properties Trust will post $0.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.44%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 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.

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

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