Corporate Office Properties Trust (NYSE:OFC) Director David M. Jacobstein sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $30.64, for a total transaction of $76,600.00. Following the completion of the sale, the director now directly owns 9,591 shares in the company, valued at approximately $293,868.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of OFC opened at $29.94 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.24. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 4.33 and a beta of 0.70. Corporate Office Properties Trust has a 12 month low of $24.55 and a 12 month high of $33.81.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $155.10 million. Corporate Office Properties Trust had a net margin of 10.81% and a return on equity of 4.52%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. sell-side analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a yield of 3.67%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 54.19%.

Several brokerages recently weighed in on OFC. Jefferies Financial Group reissued a “$28.83” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Robert W. Baird reaffirmed a “hold” rating and set a $29.00 price target on shares of Corporate Office Properties Trust in a research report on Wednesday. Bank of America raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, August 7th. Finally, Mizuho reaffirmed a “hold” rating and set a $31.00 price target on shares of Corporate Office Properties Trust in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Corporate Office Properties Trust has an average rating of “Hold” and an average target price of $31.11.

A number of institutional investors and hedge funds have recently modified their holdings of OFC. FMR LLC boosted its position in shares of Corporate Office Properties Trust by 37.5% during the 2nd quarter. FMR LLC now owns 12,387,646 shares of the real estate investment trust’s stock worth $359,119,000 after purchasing an additional 3,378,017 shares in the last quarter. Centersquare Investment Management LLC bought a new position in shares of Corporate Office Properties Trust during the 1st quarter worth about $49,919,000. Frontier Capital Management Co. LLC bought a new position in shares of Corporate Office Properties Trust during the 1st quarter worth about $49,111,000. Citadel Advisors LLC boosted its position in shares of Corporate Office Properties Trust by 487.5% during the 1st quarter. Citadel Advisors LLC now owns 1,425,536 shares of the real estate investment trust’s stock worth $36,821,000 after purchasing an additional 1,182,912 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $23,004,000.

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?).

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Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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