Corporate Office Properties Trust (NYSE:OFC) – Investment analysts at KeyCorp decreased their FY2020 earnings per share estimates for shares of Corporate Office Properties Trust in a research note issued to investors on Monday, July 8th. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will earn $2.06 per share for the year, down from their previous estimate of $2.08. KeyCorp has a “Underweight” rating and a $23.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Thursday. BTIG Research cut Tableau Software from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Corporate Office Properties Trust currently has an average rating of “Hold” and a consensus target price of $27.14.

OFC opened at $27.37 on Wednesday. The firm has a market cap of $3.08 billion, a PE ratio of 13.62, a P/E/G ratio of 2.96 and a beta of 0.87. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average price of $28.00. Corporate Office Properties Trust has a 1-year low of $20.03 and a 1-year high of $31.01.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The business had revenue of $148.94 million for the quarter, compared to analysts’ expectations of $150.89 million. During the same period last year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, June 27th. Corporate Office Properties Trust’s dividend payout ratio is currently 54.73%.

In related news, Director Robert L. Denton sold 3,458 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $28.21, for a total value of $97,550.18. Following the sale, the director now owns 279,432 shares in the company, valued at approximately $7,882,776.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

A number of large investors have recently made changes to their positions in OFC. Fort L.P. grew its holdings in Corporate Office Properties Trust by 420.6% during the 4th quarter. Fort L.P. now owns 2,150 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,737 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Corporate Office Properties Trust by 537.2% during the 1st quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,745 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Corporate Office Properties Trust by 240.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,790 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 4,090 shares during the last quarter. Virtu Financial LLC acquired a new stake in Corporate Office Properties Trust during the 1st quarter valued at $203,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Corporate Office Properties Trust during the 1st quarter worth $223,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

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”).

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

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