Corporate Office Properties Trust (NYSE:OFC) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its holdings in Corporate Office Properties Trust (NYSE:OFC – Get Rating) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,967 shares of the real estate investment trust’s stock after selling 1,135 shares during the period. Tower Research Capital LLC TRC’s holdings in Corporate Office Properties Trust were worth $208,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Corporate Office Properties Trust by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 16,712,712 shares of the real estate investment trust’s stock valued at $476,980,000 after buying an additional 160,659 shares during the period. State Street Corp boosted its holdings in shares of Corporate Office Properties Trust by 12.9% in the 1st quarter. State Street Corp now owns 6,752,312 shares of the real estate investment trust’s stock valued at $194,536,000 after buying an additional 769,941 shares during the period. Millennium Management LLC boosted its holdings in shares of Corporate Office Properties Trust by 155.3% in the 2nd quarter. Millennium Management LLC now owns 1,901,739 shares of the real estate investment trust’s stock valued at $49,807,000 after buying an additional 1,156,923 shares during the period. Sei Investments Co. boosted its holdings in shares of Corporate Office Properties Trust by 75.4% in the 2nd quarter. Sei Investments Co. now owns 1,103,018 shares of the real estate investment trust’s stock valued at $28,889,000 after buying an additional 474,261 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Corporate Office Properties Trust by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 892,394 shares of the real estate investment trust’s stock valued at $23,372,000 after buying an additional 25,960 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. JPMorgan Chase & Co. reduced their target price on shares of Corporate Office Properties Trust to $29.00 in a research note on Thursday, December 1st. Finally, Wells Fargo & Company boosted their target price on shares of Corporate Office Properties Trust from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, November 22nd.

Corporate Office Properties Trust Trading Down 1.2 %

Shares of NYSE:OFC opened at $25.49 on Monday. The company has a 50 day moving average of $26.67 and a 200-day moving average of $26.01. The firm has a market cap of $2.87 billion, a P/E ratio of 16.66 and a beta of 1.02. Corporate Office Properties Trust has a twelve month low of $22.22 and a twelve month high of $29.64. The company has a current ratio of 1.68, a quick ratio of 1.78 and a debt-to-equity ratio of 1.30.

Corporate Office Properties Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.285 dividend. This is a positive change from Corporate Office Properties Trust’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Thursday, March 30th. Corporate Office Properties Trust’s dividend payout ratio is currently 71.90%.

Corporate Office Properties Trust Profile

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Corporate Office Properties Trust, Inc is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.