Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Corporate Office Properties Trust (NYSE:OFC) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,512 shares of the real estate investment trust’s stock after buying an additional 98 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Corporate Office Properties Trust were worth $508,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Corporate Office Properties Trust by 5,196.2% during the first quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock valued at $337,374,000 after purchasing an additional 10,000,151 shares during the last quarter. FMR LLC lifted its holdings in Corporate Office Properties Trust by 372.8% during the first quarter. FMR LLC now owns 5,720,769 shares of the real estate investment trust’s stock valued at $189,357,000 after purchasing an additional 4,510,869 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Corporate Office Properties Trust by 64.0% during the first quarter. JPMorgan Chase & Co. now owns 3,786,671 shares of the real estate investment trust’s stock valued at $125,340,000 after purchasing an additional 1,477,416 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Corporate Office Properties Trust by 5.0% during the first quarter. Vanguard Group Inc. now owns 15,297,994 shares of the real estate investment trust’s stock valued at $506,363,000 after purchasing an additional 729,574 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Corporate Office Properties Trust by 253.8% during the second quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock valued at $29,820,000 after purchasing an additional 610,641 shares during the last quarter.

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Several research firms have commented on OFC. Mizuho downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Monday, July 10th. BidaskClub downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating and lowered their price target for the stock from $33.00 to $29.00 in a report on Tuesday, August 1st. They noted that the move was a valuation call. Finally, KeyCorp reissued a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Corporate Office Properties Trust (NYSE:OFC) opened at 32.66 on Thursday. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03. The company has a market capitalization of $3.23 billion, a PE ratio of 44.80 and a beta of 0.84. The company has a 50 day moving average of $32.86 and a 200 day moving average of $33.70.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The company had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Corporate Office Properties Trust will post $0.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.37%. Corporate Office Properties Trust’s dividend payout ratio is presently 150.68%.

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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