American Century Companies Inc. lessened its stake in Corporate Office Properties Trust (NYSE:OFC) by 46.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 454,055 shares of the real estate investment trust’s stock after selling 397,207 shares during the quarter. American Century Companies Inc. owned approximately 0.46% of Corporate Office Properties Trust worth $14,907,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of OFC. Cadence Capital Management LLC acquired a new stake in Corporate Office Properties Trust during the second quarter worth about $204,000. World Asset Management Inc raised its stake in 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 worth $221,000 after acquiring an additional 229 shares during the period. Garner Asset Management Corp acquired a new stake in Corporate Office Properties Trust during the second quarter worth about $246,000. Cubist Systematic Strategies LLC acquired a new stake in Corporate Office Properties Trust during the second quarter worth about $248,000. Finally, Riverhead Capital Management LLC raised its stake in Corporate Office Properties Trust by 48.9% during the second 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.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Corporate Office Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.57.

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Corporate Office Properties Trust (NYSE:OFC) opened at $30.99 on Friday. Corporate Office Properties Trust has a 1 year low of $27.98 and a 1 year high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. The company has a market cap of $3,110.00, a PE ratio of 16.05 and a beta of 0.84.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The firm had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $142.74 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Corporate Office Properties Trust’s quarterly revenue was up 10.5% on a year-over-year basis. sell-side analysts forecast that Corporate Office Properties Trust will post 2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 159.42%.

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.

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

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