Corporate Office Properties Trust (NYSE:OFC) Expected to Announce Earnings of $0.58 Per Share

Equities research analysts expect Corporate Office Properties Trust (NYSE:OFCGet Rating) to report $0.58 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Corporate Office Properties Trust’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.57. Corporate Office Properties Trust also reported earnings per share of $0.58 during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.32 to $2.35. For the next year, analysts expect that the company will post earnings of $2.46 per share, with EPS estimates ranging from $2.42 to $2.49. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFCGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.04). Corporate Office Properties Trust had a net margin of 19.78% and a return on equity of 6.67%. The business had revenue of $195.48 million during the quarter, compared to the consensus estimate of $168.33 million. During the same period last year, the company earned $0.56 EPS. The business’s revenue was up 26.6% compared to the same quarter last year.

A number of brokerages have commented on OFC. Capital One Financial restated an “overweight” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, January 26th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, February 18th. Finally, StockNews.com initiated coverage on Corporate Office Properties Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

In other Corporate Office Properties Trust news, Director C Taylor Pickett purchased 20,000 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were acquired at an average price of $24.97 per share, for a total transaction of $499,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Greg J. Thor sold 2,333 shares of the company’s stock in a transaction dated 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. Corporate insiders own 0.85% of the company’s stock.

Institutional investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D raised its stake in shares of Corporate Office Properties Trust by 3.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 287,063 shares of the real estate investment trust’s stock worth $8,029,000 after purchasing an additional 10,858 shares during the last quarter. Man Group plc boosted its holdings in Corporate Office Properties Trust by 9.8% in the third quarter. Man Group plc now owns 323,900 shares of the real estate investment trust’s stock valued at $8,739,000 after purchasing an additional 29,000 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Corporate Office Properties Trust during the 4th quarter worth about $215,000. Van ECK Associates Corp raised its stake in shares of Corporate Office Properties Trust by 66.9% during the 4th quarter. Van ECK Associates Corp now owns 8,792 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 3,525 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Corporate Office Properties Trust during the 4th quarter worth approximately $649,000.

Shares of NYSE OFC traded up $0.51 during mid-day trading on Tuesday, reaching $26.50. The company had a trading volume of 10,911 shares, compared to its average volume of 619,893. Corporate Office Properties Trust has a 52 week low of $23.89 and a 52 week high of $30.51. The business’s 50-day moving average is $27.59 and its 200-day moving average is $27.16. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.28.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.15%. Corporate Office Properties Trust’s dividend payout ratio is presently 87.30%.

Corporate Office Properties Trust Company Profile (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 (IT) related activities servicing what it believes are growing, durable, priority missions (Defense/IT Locations).

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

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