Wall Street brokerages predict that Corporate Office Properties Trust (NYSE:OFC) will post sales of $130.53 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Corporate Office Properties Trust’s earnings, with the lowest sales estimate coming in at $126.45 million and the highest estimate coming in at $142.46 million. Corporate Office Properties Trust reported sales of $142.10 million in the same quarter last year, which indicates a negative year over year growth rate of 8.1%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, October 26th.

On average, analysts expect that Corporate Office Properties Trust will report full year sales of $130.53 million for the current year, with estimates ranging from $509.22 million to $577.29 million. For the next financial year, analysts anticipate that the business will post sales of $543.72 million per share, with estimates ranging from $521.74 million to $576.18 million. Zacks’ sales averages are an average based on a survey of analysts that follow Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Jefferies Group LLC upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $39.00 in a research note on Monday, September 25th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Finally, BidaskClub upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.83.

Shares of Corporate Office Properties Trust (OFC) traded down 1.81% during trading on Thursday, hitting $32.55. 771,663 shares of the stock traded hands. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The stock’s market cap is $3.19 billion. The stock has a 50 day moving average price of $33.03 and a 200-day moving average price of $33.67.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 150.68%.

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Institutional investors have recently made changes to their positions in the stock. Cadence Capital Management LLC bought a new stake in Corporate Office Properties Trust in the 2nd quarter valued at about $204,000. World Asset Management Inc raised its stake in Corporate Office Properties Trust by 3.8% in the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 229 shares during the period. Garner Asset Management Corp bought a new stake in Corporate Office Properties Trust in the 2nd quarter valued at about $246,000. Cubist Systematic Strategies LLC bought a new stake in Corporate Office Properties Trust in the 2nd quarter valued at about $248,000. Finally, Riverhead Capital Management LLC raised its stake in Corporate Office Properties Trust by 48.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 2,394 shares during the period.

About Corporate Office Properties Trust

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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