Corporate Office Properties Trust (NYSE:OFC) – Analysts at KeyCorp decreased their FY2019 earnings per share (EPS) estimates for shares of Corporate Office Properties Trust in a research report issued on Sunday, December 2nd. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will earn $2.07 per share for the year, down from their prior estimate of $2.12.

Several other brokerages have also weighed in on OFC. Wells Fargo & Co reissued a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, August 15th. Robert W. Baird reissued a “hold” rating and issued a $29.00 price objective on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Bank of America lowered their price objective on Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, ValuEngine lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Corporate Office Properties Trust has an average rating of “Hold” and an average target price of $29.50.

Shares of Corporate Office Properties Trust stock opened at $24.16 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $2.66 billion, a P/E ratio of 11.90, a PEG ratio of 2.75 and a beta of 0.78. Corporate Office Properties Trust has a fifty-two week low of $24.09 and a fifty-two week high of $31.01.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. The business had revenue of $137.41 million for the quarter, compared to analyst estimates of $129.45 million. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.55%. The ex-dividend date is Friday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 54.19%.

In other news, CEO Stephen E. Budorick acquired 4,023 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of $24.90 per share, with a total value of $100,172.70. Following the completion of the acquisition, the chief executive officer now directly owns 110,528 shares in the company, valued at $2,752,147.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 5,160 shares of company stock valued at $131,367. 0.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Glen Harbor Capital Management LLC boosted its stake in Corporate Office Properties Trust by 18.0% in the second quarter. Glen Harbor Capital Management LLC now owns 11,418 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 1,738 shares during the period. Rhumbline Advisers boosted its stake in Corporate Office Properties Trust by 0.9% in the second quarter. Rhumbline Advisers now owns 203,371 shares of the real estate investment trust’s stock valued at $5,896,000 after acquiring an additional 1,831 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Corporate Office Properties Trust by 5.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 39,345 shares of the real estate investment trust’s stock valued at $1,141,000 after acquiring an additional 2,038 shares during the period. Hsbc Holdings PLC boosted its stake in Corporate Office Properties Trust by 10.6% in the third quarter. Hsbc Holdings PLC now owns 21,432 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 2,058 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Corporate Office Properties Trust by 15.6% in the third quarter. Daiwa Securities Group Inc. now owns 15,600 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 2,100 shares during the period. Institutional investors own 96.76% of the company’s stock.

Corporate Office Properties Trust Company Profile

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”).

See Also: Understanding Market Liquidity

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.