Cohen & Steers Inc. raised its holdings in Corporate Office Properties Trust (NYSE:OFC) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,607,729 shares of the real estate investment trust’s stock after buying an additional 860,162 shares during the period. Cohen & Steers Inc. owned 10.65% of Corporate Office Properties Trust worth $348,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Magnetar Financial LLC acquired a new stake in Corporate Office Properties Trust in the 3rd quarter valued at $608,000. AMP Capital Investors Ltd increased its stake in Corporate Office Properties Trust by 0.9% in the 3rd quarter. AMP Capital Investors Ltd now owns 752,287 shares of the real estate investment trust’s stock valued at $24,696,000 after buying an additional 6,500 shares during the last quarter. Adelante Capital Management LLC increased its stake in Corporate Office Properties Trust by 36.4% in the 3rd quarter. Adelante Capital Management LLC now owns 1,080,056 shares of the real estate investment trust’s stock valued at $35,458,000 after buying an additional 288,436 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in Corporate Office Properties Trust by 52.3% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,629,058 shares of the real estate investment trust’s stock valued at $53,482,000 after buying an additional 559,715 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Corporate Office Properties Trust by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,439,711 shares of the real estate investment trust’s stock valued at $47,266,000 after buying an additional 43,083 shares during the last quarter.

Several equities research analysts have issued reports on OFC shares. TheStreet upgraded shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $39.00 in a research report on Monday, September 25th. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, October 18th. Finally, KeyCorp reissued a “hold” rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.57.

Shares of Corporate Office Properties Trust (NYSE:OFC) traded up $0.45 during mid-day trading on Friday, hitting $30.10. 1,013,800 shares of the company traded hands, compared to its average volume of 792,283. The company has a market cap of $2,953.41, a P/E ratio of 14.82 and a beta of 0.81. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. Corporate Office Properties Trust has a 1-year low of $29.03 and a 1-year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. Corporate Office Properties Trust’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. equities research analysts anticipate that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger acquired 3,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now directly owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

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

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