AlphaCrest Capital Management LLC Sells 2,479 Shares of Corporate Office Properties Trust (NYSE:OFC)

AlphaCrest Capital Management LLC lessened its stake in shares of Corporate Office Properties Trust (NYSE:OFC – Get Rating) by 16.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,506 shares of the real estate investment trust’s stock after selling 2,479 shares during the period. AlphaCrest Capital Management LLC’s holdings in Corporate Office Properties Trust were worth $291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Corporate Office Properties Trust in the second quarter worth approximately $26,000. Lazard Asset Management LLC bought a new position in Corporate Office Properties Trust in the second quarter worth approximately $27,000. Signaturefd LLC raised its stake in Corporate Office Properties Trust by 319.5% in the third quarter. Signaturefd LLC now owns 1,078 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 821 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Corporate Office Properties Trust in the second quarter worth approximately $58,000. Finally, Ronald Blue Trust Inc. bought a new position in Corporate Office Properties Trust in the second quarter worth approximately $77,000.

Analyst Ratings Changes

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

Corporate Office Properties Trust Stock Performance

Shares of OFC stock opened at $24.01 on Friday. The business’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $25.95. The company has a market cap of $2.70 billion, a PE ratio of 15.69 and a beta of 1.02. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.30. Corporate Office Properties Trust has a 12-month low of $22.22 and a 12-month high of $29.64.

Corporate Office Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, March 30th. 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 4.75%. Corporate Office Properties Trust’s payout ratio is 71.90%.

About Corporate Office Properties Trust

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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.