Cramer Rosenthal Mcglynn LLC cut its holdings in Corporate Office Properties Trust (NYSE:OFC) by 19.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,069,343 shares of the real estate investment trust’s stock after selling 263,841 shares during the period. Cramer Rosenthal Mcglynn LLC owned 1.08% of Corporate Office Properties Trust worth $37,459,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OFC. Vanguard Group Inc. grew its position in shares of Corporate Office Properties Trust by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 15,482,529 shares of the real estate investment trust’s stock valued at $542,353,000 after acquiring an additional 184,535 shares during the period. BlackRock Inc. increased its stake in shares of Corporate Office Properties Trust by 4.4% in the 2nd quarter. BlackRock Inc. now owns 10,639,831 shares of the real estate investment trust’s stock worth $372,714,000 after purchasing an additional 447,228 shares in the last quarter. FMR LLC increased its stake in shares of Corporate Office Properties Trust by 22.0% in the 2nd quarter. FMR LLC now owns 6,980,510 shares of the real estate investment trust’s stock worth $244,526,000 after purchasing an additional 1,259,741 shares in the last quarter. State Street Corp increased its stake in shares of Corporate Office Properties Trust by 9.4% in the 1st quarter. State Street Corp now owns 4,397,989 shares of the real estate investment trust’s stock worth $145,575,000 after purchasing an additional 376,490 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Corporate Office Properties Trust by 13.1% in the 1st quarter. Wellington Management Group LLP now owns 3,538,334 shares of the real estate investment trust’s stock worth $117,119,000 after purchasing an additional 409,920 shares in the last quarter.

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Corporate Office Properties Trust (OFC) traded up 0.42% on Wednesday, hitting $33.21. 26,520 shares of the company were exchanged. The company has a market capitalization of $3.29 billion, a P/E ratio of 45.56 and a beta of 0.81. The firm’s 50 day moving average is $32.96 and its 200 day moving average is $33.67. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, equities research analysts forecast that Corporate Office Properties Trust will post $0.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 150.68%.

A number of equities analysts recently commented on OFC shares. BidaskClub raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $36.00 to $39.00 in a report on Monday, September 25th. Capital One Financial Corporation lowered Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Finally, KeyCorp restated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Corporate Office Properties Trust presently has an average rating of “Hold” and an average target price of $33.83.

Corporate Office Properties Trust 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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