Corporate Office Properties Trust (OFC) to Release Quarterly Earnings on Thursday

Corporate Office Properties Trust (NYSE:OFCGet Rating) is set to release its earnings data after the market closes on Thursday, April 28th. Analysts expect Corporate Office Properties Trust to post earnings of $0.56 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Corporate Office Properties Trust (NYSE:OFCGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.45). Corporate Office Properties Trust had a net margin of 11.15% and a return on equity of 4.51%. The firm had revenue of $185.90 million for the quarter, compared to the consensus estimate of $166.47 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts expect Corporate Office Properties Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OFC opened at $28.36 on Thursday. The company has a market capitalization of $3.19 billion, a P/E ratio of 41.71, a P/E/G ratio of 2.29 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s fifty day moving average price is $27.42 and its two-hundred day moving average price is $27.31. Corporate Office Properties Trust has a fifty-two week low of $23.89 and a fifty-two week high of $30.51.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, March 30th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 161.76%.

A number of brokerages have weighed in on OFC. KeyCorp cut Corporate Office Properties Trust from a “sector weight” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research report on Thursday, January 13th. Jefferies Financial Group downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a report on Monday, January 10th. Capital One Financial reissued an “overweight” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, January 26th. StockNews.com assumed coverage on shares of Corporate Office Properties Trust in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.50.

In other news, Director C Taylor Pickett purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was bought at an average price of $24.97 per share, with a total value of $499,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Greg J. Thor sold 2,333 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $28.79, for a total transaction of $67,167.07. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in OFC. D. E. Shaw & Co. Inc. acquired a new position in Corporate Office Properties Trust during the fourth quarter worth $202,000. Guggenheim Capital LLC lifted its stake in shares of Corporate Office Properties Trust by 19.8% during the 4th quarter. Guggenheim Capital LLC now owns 9,222 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 1,525 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Corporate Office Properties Trust in the 4th quarter valued at $264,000. Susquehanna International Group LLP increased its holdings in shares of Corporate Office Properties Trust by 205.7% during the fourth quarter. Susquehanna International Group LLP now owns 18,628 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 12,535 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of Corporate Office Properties Trust by 37.0% in the third quarter. Citadel Advisors LLC now owns 19,730 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 5,330 shares during the period. Institutional investors own 98.92% of the company’s stock.

About Corporate Office Properties Trust (Get Rating)

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (ÂITÂ) related activities servicing what it believes are growing, durable, priority missions (ÂDefense/IT LocationsÂ).

See Also

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

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