Corporate Office Properties Trust (NYSE:OFC) announced a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Shareholders of record on Friday, March 30th will be given a dividend of 0.275 per share by the real estate investment trust on Monday, April 16th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, March 28th.

Corporate Office Properties Trust has a dividend payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Corporate Office Properties Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 52.4%.

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Corporate Office Properties Trust (OFC) opened at $25.61 on Friday. The stock has a market cap of $2,609.06, a P/E ratio of 12.75, a PEG ratio of 7.50 and a beta of 0.74. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Corporate Office Properties Trust has a 52 week low of $24.77 and a 52 week high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). The business had revenue of $164.57 million during the quarter, compared to analyst estimates of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. research analysts expect that Corporate Office Properties Trust will post 2.01 earnings per share for the current fiscal year.

In other news, CEO Stephen E. Budorick bought 1,600 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average cost of $26.26 per share, with a total value of $42,016.00. Following the completion of the transaction, the chief executive officer now directly owns 103,242 shares in the company, valued at approximately $2,711,134.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Denton sold 1,500 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $26.25, for a total transaction of $39,375.00. Following the completion of the transaction, the director now directly owns 2,508 shares in the company, valued at $65,835. The disclosure for this sale can be found here. Over the last three months, insiders bought 5,400 shares of company stock worth $138,944. 0.60% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on OFC shares. Jefferies Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. TheStreet cut shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research note on Friday, February 9th. ValuEngine cut shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $30.00 price objective on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Mizuho reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, November 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.88.

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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.

Dividend History for Corporate Office Properties Trust (NYSE:OFC)

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