Corporate Office Properties Trust (NYSE:OFC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of Corporate Office Properties Trust (NYSE:OFCGet Rating) by 66.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,553 shares of the real estate investment trust’s stock after selling 65,109 shares during the quarter. SG Americas Securities LLC’s holdings in Corporate Office Properties Trust were worth $779,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $26,000. Lazard Asset Management LLC acquired a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $31,000. Pinebridge Investments L.P. boosted its position in shares of Corporate Office Properties Trust by 322.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,691 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at about $52,000.

Corporate Office Properties Trust Stock Up 2.1 %

OFC opened at $28.24 on Friday. The business has a 50 day moving average price of $26.54 and a two-hundred day moving average price of $26.06. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.33. The company has a market cap of $3.17 billion, a PE ratio of 23.53 and a beta of 0.98. Corporate Office Properties Trust has a 52 week low of $22.22 and a 52 week high of $29.64.

Corporate Office Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, December 29th. Corporate Office Properties Trust’s dividend payout ratio is presently 91.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OFC. StockNews.com raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Wells Fargo & Company boosted their target price on Corporate Office Properties Trust from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Corporate Office Properties Trust to $29.00 in a report on Thursday, December 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.50.

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).

See Also

Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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