Analysts expect that Corporate Office Properties Trust (NYSE:OFC – Get Rating) will post $177.49 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Corporate Office Properties Trust’s earnings, with the highest sales estimate coming in at $190.45 million and the lowest estimate coming in at $169.74 million. Corporate Office Properties Trust reported sales of $164.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 8%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Corporate Office Properties Trust will report full year sales of $725.39 million for the current year, with estimates ranging from $691.41 million to $768.95 million. For the next year, analysts anticipate that the business will report sales of $740.52 million, with estimates ranging from $720.80 million to $778.04 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Corporate Office Properties Trust.
Corporate Office Properties Trust (NYSE:OFC – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $195.48 million during the quarter, compared to analyst estimates of $168.33 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 26.6% on a year-over-year basis.
In related news, Director C Taylor Pickett acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The shares were bought at an average cost of $24.97 per share, for a total transaction of $499,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Greg J. Thor sold 2,333 shares of the business’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $28.79, for a total value of $67,167.07. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP purchased a new position in Corporate Office Properties Trust during the third quarter worth about $25,000. Riverview Trust Co purchased a new position in Corporate Office Properties Trust during the first quarter worth about $28,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Corporate Office Properties Trust by 212.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,356 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,602 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Corporate Office Properties Trust during the fourth quarter worth about $106,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in Corporate Office Properties Trust during the fourth quarter worth about $127,000.
Shares of Corporate Office Properties Trust stock opened at $26.81 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.79 and a current ratio of 1.79. Corporate Office Properties Trust has a 52 week low of $23.89 and a 52 week high of $30.51. The stock has a 50 day moving average price of $27.56 and a two-hundred day moving average price of $27.15. The stock has a market capitalization of $3.01 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.10%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 87.30%.
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 (IT) related activities servicing what it believes are growing, durable, priority missions (Defense/IT Locations).
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