Corporate Office Properties Trust (NYSE:OFC) – Investment analysts at SunTrust Banks lowered their FY2019 earnings per share (EPS) estimates for Corporate Office Properties Trust in a note issued to investors on Tuesday, November 13th. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings per share of $2.01 for the year, down from their prior estimate of $2.05.

OFC has been the subject of several other reports. ValuEngine cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday. Stifel Nicolaus reiterated a “sell” rating and set a $25.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, July 27th. Bank of America cut their target price on shares of Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Robert W. Baird reiterated a “hold” rating and set a $29.00 target price on shares of Corporate Office Properties Trust in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $30.00.

NYSE:OFC opened at $24.73 on Friday. The firm has a market cap of $2.81 billion, a P/E ratio of 12.18, a P/E/G ratio of 2.86 and a beta of 0.75. Corporate Office Properties Trust has a one year low of $24.55 and a one year high of $31.53. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.12.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. The business had revenue of $137.41 million during the quarter, compared to analysts’ expectations of $129.45 million.

A number of large investors have recently added to or reduced their stakes in OFC. FMR LLC increased its holdings in Corporate Office Properties Trust by 5.7% in the 3rd quarter. FMR LLC now owns 13,096,843 shares of the real estate investment trust’s stock valued at $390,678,000 after buying an additional 709,197 shares during the period. BlackRock Inc. increased its holdings in Corporate Office Properties Trust by 3.4% in the 3rd quarter. BlackRock Inc. now owns 11,932,173 shares of the real estate investment trust’s stock valued at $355,938,000 after buying an additional 388,713 shares during the period. Frontier Capital Management Co. LLC increased its holdings in Corporate Office Properties Trust by 17.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,145,367 shares of the real estate investment trust’s stock valued at $93,826,000 after buying an additional 457,705 shares during the period. Northern Trust Corp increased its holdings in Corporate Office Properties Trust by 7.4% in the 2nd quarter. Northern Trust Corp now owns 1,816,875 shares of the real estate investment trust’s stock valued at $52,671,000 after buying an additional 124,452 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Corporate Office Properties Trust by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,631,706 shares of the real estate investment trust’s stock valued at $48,670,000 after buying an additional 26,285 shares during the period.

Corporate Office Properties Trust Company Profile

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”).

Read More: How is inflation measured?

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.