Brokerages expect Corporate Office Properties Trust (NYSE:OFC) to post sales of $131.88 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings. The lowest sales estimate is $127.10 million and the highest is $143.59 million. Corporate Office Properties Trust reported sales of $141.99 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.1%. The firm is expected to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full year sales of $131.88 million for the current fiscal year, with estimates ranging from $507.40 million to $577.29 million. For the next year, analysts forecast that the business will report sales of $540.76 million per share, with estimates ranging from $520.50 million to $576.18 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue was up 10.5% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. Mizuho reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Capital One Financial Corporation cut shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Zacks Investment Research cut shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.57.

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Shares of Corporate Office Properties Trust (OFC) traded down $0.07 during trading on Tuesday, hitting $32.38. 566,275 shares of the stock traded hands, compared to its average volume of 771,198. The stock has a market cap of $3,230.00, a PE ratio of 16.17 and a beta of 0.84. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 159.42%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 184,535 shares in the last quarter. BlackRock Inc. lifted its stake in 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 purchasing an additional 447,228 shares in the last quarter. FMR LLC lifted its stake in 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 purchasing an additional 1,259,741 shares in the last quarter. State Street Corp lifted its stake in Corporate Office Properties Trust by 9.4% in the 1st quarter. State Street Corp now owns 4,397,989 shares of the real estate investment trust’s stock worth $145,575,000 after purchasing an additional 376,490 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in 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 purchasing an additional 1,403,775 shares in the last quarter.

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.

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

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