Moors & Cabot Inc. Has $273,000 Holdings in Corporate Office Properties Trust (NYSE:OFC)

Moors & Cabot Inc. trimmed its position in shares of Corporate Office Properties Trust (NYSE:OFC – Get Rating) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,507 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Corporate Office Properties Trust were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OFC. State Street Corp boosted its stake in shares of Corporate Office Properties Trust by 12.9% during the first quarter. State Street Corp now owns 6,752,312 shares of the real estate investment trust’s stock valued at $194,536,000 after purchasing an additional 769,941 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Corporate Office Properties Trust by 101.9% during the first quarter. Jane Street Group LLC now owns 12,292 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 643,311 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Corporate Office Properties Trust during the third quarter valued at about $4,168,000. Vanguard Group Inc. boosted its stake in shares of Corporate Office Properties Trust by 1.0% during the first quarter. Vanguard Group Inc. now owns 16,712,712 shares of the real estate investment trust’s stock valued at $476,980,000 after purchasing an additional 160,659 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Corporate Office Properties Trust by 379.6% during the third quarter. Brown Advisory Inc. now owns 88,802 shares of the real estate investment trust’s stock valued at $2,063,000 after purchasing an additional 70,285 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OFC shares. Wells Fargo & Company lowered their price objective on Corporate Office Properties Trust from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. StockNews.com started coverage on Corporate Office Properties Trust in a research report on Thursday. They set a “hold” rating for the company.

Corporate Office Properties Trust Trading Down 1.2 %

Shares of OFC stock opened at $22.85 on Monday. The company has a market cap of $2.57 billion, a P/E ratio of 13.36, a PEG ratio of 0.87 and a beta of 1.02. The stock has a 50 day simple moving average of $23.20 and a two-hundred day simple moving average of $25.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.16 and a current ratio of 2.16. Corporate Office Properties Trust has a fifty-two week low of $21.59 and a fifty-two week high of $28.69.

Corporate Office Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.285 dividend. The ex-dividend date is Thursday, June 29th. This represents a $1.14 dividend on an annualized basis and a yield of 4.99%. Corporate Office Properties Trust’s payout ratio is currently 66.67%.

Insiders Place Their Bets

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,941 shares of Corporate Office Properties Trust stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $22.95, for a total value of $90,445.95. Following the completion of the sale, the director now directly owns 4,523 shares in the company, valued at $103,802.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

About Corporate Office Properties Trust

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Corporate Office Properties Trust 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.