Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Corporate Office Properties Trust (NYSE:OFC) by 29.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,708 shares of the real estate investment trust’s stock after selling 30,241 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.07% of Corporate Office Properties Trust worth $2,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Corporate Office Properties Trust by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 15,482,529 shares of the real estate investment trust’s stock valued at $542,353,000 after purchasing an additional 184,535 shares in the last quarter. BlackRock Inc. grew its position in shares of Corporate Office Properties Trust by 4.4% in the 2nd quarter. BlackRock Inc. now owns 10,639,831 shares of the real estate investment trust’s stock worth $372,714,000 after acquiring an additional 447,228 shares in the last quarter. Cohen & Steers Inc. grew its position in shares of Corporate Office Properties Trust by 8.8% in the 3rd quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock worth $348,252,000 after acquiring an additional 860,162 shares in the last quarter. FMR LLC grew its position in shares of Corporate Office Properties Trust by 22.0% in the 2nd quarter. FMR LLC now owns 6,980,510 shares of the real estate investment trust’s stock worth $244,526,000 after acquiring an additional 1,259,741 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Corporate Office Properties Trust by 92.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,922,539 shares of the real estate investment trust’s stock worth $95,948,000 after acquiring an additional 1,403,775 shares in the last quarter.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $30.30 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $3,300.00, a price-to-earnings ratio of 15.27 and a beta of 0.81. Corporate Office Properties Trust has a 12 month low of $29.52 and a 12 month high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $142.74 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. equities research analysts expect that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is presently 159.42%.

Several research analysts have recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. Evercore ISI upgraded Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Bank of America lowered Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Jefferies Group upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $39.00 in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Corporate Office Properties Trust has a consensus rating of “Hold” and a consensus price target of $33.57.

In related news, Director Lisa G. Trimberger bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the acquisition, the director now directly owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

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Corporate Office Properties Trust Company 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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