Corporate Office Properties Trust (NYSE:OFC) Director Robert L. Denton sold 2,432 shares of Corporate Office Properties Trust stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $29.63, for a total value of $72,060.16. Following the completion of the transaction, the director now owns 269,568 shares of the company’s stock, valued at approximately $7,987,299.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE OFC traded down $0.58 during midday trading on Friday, hitting $28.97. The stock had a trading volume of 35,081 shares, compared to its average volume of 624,098. The company’s 50-day simple moving average is $28.45 and its 200 day simple moving average is $27.73. The firm has a market cap of $3.33 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 3.22 and a beta of 0.88. Corporate Office Properties Trust has a fifty-two week low of $20.03 and a fifty-two week high of $30.61. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.72 and a quick ratio of 1.72.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.44. The company had revenue of $175.07 million during the quarter, compared to analysts’ expectations of $151.18 million. Corporate Office Properties Trust had a return on equity of 10.04% and a net margin of 27.67%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Equities analysts expect that Corporate Office Properties Trust will post 2.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.275 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 3.80%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 54.73%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. TRUE Private Wealth Advisors acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $25,000. Point72 Asset Management L.P. acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $42,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $71,000. Advisor Group Inc. increased its stake in shares of Corporate Office Properties Trust by 141.1% in the 2nd quarter. Advisor Group Inc. now owns 4,994 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,923 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $150,000. 97.28% of the stock is owned by institutional investors.

Several brokerages have issued reports on OFC. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. BTIG Research lifted their price objective on Corporate Office Properties Trust to $33.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Citigroup lifted their price objective on Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus set a $30.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird set a $31.00 price objective on Corporate Office Properties Trust and gave the company a “buy” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.14.

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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