Corporate Office Properties Trust (NYSE:OFC) – Analysts at Jefferies Financial Group raised their FY2021 earnings per share estimates for shares of Corporate Office Properties Trust in a research note issued to investors on Wednesday, April 10th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $2.33 for the year, up from their prior forecast of $2.31.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Corporate Office Properties Trust had a return on equity of 4.64% and a net margin of 12.49%. The firm had revenue of $138.48 million for the quarter, compared to analyst estimates of $152.94 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year.

OFC has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Corporate Office Properties Trust from a “neutral” rating to an “overweight” rating in a research report on Wednesday, December 19th. Stifel Nicolaus raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating and set a $22.00 price target on the stock in a research report on Thursday, January 3rd. Zacks Investment Research downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 16th. ValuEngine downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, December 28th. Finally, Wells Fargo & Co set a $25.00 target price on Corporate Office Properties Trust and gave the company a “market perform” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $26.80.

Shares of Corporate Office Properties Trust stock traded up $0.27 on Thursday, hitting $27.90. The stock had a trading volume of 5,044 shares, compared to its average volume of 654,056. Corporate Office Properties Trust has a twelve month low of $20.03 and a twelve month high of $31.01. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 2.91 and a beta of 1.04.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in Corporate Office Properties Trust by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 45,209 shares of the real estate investment trust’s stock worth $1,232,000 after purchasing an additional 380 shares during the last quarter. Deutsche Bank AG raised its position in Corporate Office Properties Trust by 540.8% during the 4th quarter. Deutsche Bank AG now owns 570,562 shares of the real estate investment trust’s stock worth $11,997,000 after purchasing an additional 481,527 shares during the last quarter. Geode Capital Management LLC raised its position in Corporate Office Properties Trust by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,349,969 shares of the real estate investment trust’s stock worth $28,389,000 after purchasing an additional 89,540 shares during the last quarter. Norges Bank bought a new position in Corporate Office Properties Trust during the 4th quarter worth $26,736,000. Finally, Dimensional Fund Advisors LP raised its position in Corporate Office Properties Trust by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,657,161 shares of the real estate investment trust’s stock worth $34,850,000 after purchasing an additional 25,455 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.79, for a total value of $107,160.00. Following the sale, the director now owns 276,000 shares of the company’s stock, valued at approximately $7,394,040. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert L. Denton sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $25.65, for a total value of $38,475.00. Following the completion of the sale, the director now directly owns 280,000 shares in the company, valued at approximately $7,182,000. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, March 28th. Corporate Office Properties Trust’s dividend payout ratio is presently 54.73%.

About Corporate Office Properties Trust

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”).

Read More: Cost of Goods Sold (COGS)

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.