Corporate Office Properties Trust (NYSE:OFC) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in Corporate Office Properties Trust (NYSE:OFCGet Rating) by 2.0% in the first quarter, Holdings Channel reports. The fund owned 19,282 shares of the real estate investment trust’s stock after selling 388 shares during the period. Diversified Trust Co’s holdings in Corporate Office Properties Trust were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Brown Advisory Inc. raised its holdings in Corporate Office Properties Trust by 1.8% in the 4th quarter. Brown Advisory Inc. now owns 22,517 shares of the real estate investment trust’s stock valued at $630,000 after acquiring an additional 400 shares during the last quarter. Schroder Investment Management Group raised its holdings in Corporate Office Properties Trust by 10.3% in the 4th quarter. Schroder Investment Management Group now owns 5,300 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 493 shares during the last quarter. Connable Office Inc. raised its holdings in Corporate Office Properties Trust by 4.2% in the 4th quarter. Connable Office Inc. now owns 13,289 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 536 shares during the last quarter. Presima Inc. raised its holdings in Corporate Office Properties Trust by 0.8% in the 4th quarter. Presima Inc. now owns 101,700 shares of the real estate investment trust’s stock valued at $2,845,000 after acquiring an additional 800 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Corporate Office Properties Trust in the 3rd quarter valued at about $25,000.

Shares of NYSE OFC opened at $26.65 on Thursday. The company has a 50 day simple moving average of $26.90 and a 200-day simple moving average of $27.07. The company has a market capitalization of $3.00 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.14 and a beta of 0.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.79 and a quick ratio of 1.79. Corporate Office Properties Trust has a 1 year low of $23.89 and a 1 year high of $30.51.

Corporate Office Properties Trust (NYSE:OFCGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The firm had revenue of $195.48 million for the quarter, compared to analyst estimates of $168.33 million. Corporate Office Properties Trust had a return on equity of 6.67% and a net margin of 19.78%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. As a group, research analysts expect that Corporate Office Properties Trust will post 2.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given 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 dividend yield of 4.13%. Corporate Office Properties Trust’s payout ratio is currently 87.30%.

In related news, Director Robert L. Denton sold 3,416 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $26.74, for a total transaction of $91,343.84. Following the completion of the transaction, the director now owns 3,941 shares of the company’s stock, valued at approximately $105,382.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Greg J. Thor sold 2,333 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was 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. Company insiders own 0.85% of the company’s stock.

Separately, StockNews.com downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.33.

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).

Featured Stories

Want to see what other hedge funds are holding OFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corporate Office Properties Trust (NYSE:OFCGet Rating).

Institutional Ownership by Quarter 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.