Citadel Advisors LLC cut its holdings in Corporate Office Properties Trust (NYSE:OFC) by 54.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 652,914 shares of the real estate investment trust’s stock after selling 772,622 shares during the quarter. Citadel Advisors LLC owned approximately 0.63% of Corporate Office Properties Trust worth $18,928,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in Corporate Office Properties Trust by 0.9% in the second quarter. Rhumbline Advisers now owns 203,371 shares of the real estate investment trust’s stock worth $5,896,000 after acquiring an additional 1,831 shares during the period. First Mercantile Trust Co. lifted its stake in Corporate Office Properties Trust by 31.9% in the first quarter. First Mercantile Trust Co. now owns 7,616 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 1,840 shares during the period. Federated Investors Inc. PA lifted its stake in Corporate Office Properties Trust by 4.6% in the first quarter. Federated Investors Inc. PA now owns 43,716 shares of the real estate investment trust’s stock worth $1,129,000 after acquiring an additional 1,939 shares during the period. Eaton Vance Management lifted its stake in Corporate Office Properties Trust by 17.9% in the first quarter. Eaton Vance Management now owns 12,849 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 1,947 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in Corporate Office Properties Trust by 20.8% in the first quarter. Daiwa Securities Group Inc. now owns 12,800 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 2,200 shares during the period.

In other news, Director Robert L. Denton sold 3,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $29.97, for a total transaction of $89,910.00. Following the transaction, the director now owns 3,458 shares in the company, valued at $103,636.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David M. Jacobstein sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $30.64, for a total transaction of $76,600.00. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $293,868.24. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

OFC stock opened at $30.54 on Friday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 4.40 and a beta of 0.70. Corporate Office Properties Trust has a one year low of $24.55 and a one year high of $33.81. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.24.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $155.10 million. Corporate Office Properties Trust had a net margin of 10.81% and a return on equity of 4.52%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. analysts predict that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 3.60%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 54.19%.

A number of analysts recently weighed in on OFC shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, August 15th. Stifel Nicolaus reaffirmed a “sell” rating and issued a $25.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, July 27th. ValuEngine lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Bank of America raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, August 7th. Finally, Mizuho reissued a “hold” rating and set a $31.00 price target on shares of Corporate Office Properties Trust in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.11.

About Corporate Office Properties Trust

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).

Further Reading: NASDAQ

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

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