Thrivent Financial for Lutherans lessened its holdings in shares of Corporate Office Properties Trust (NYSE:OFC – Get Rating) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,768 shares of the real estate investment trust’s stock after selling 1,110 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Corporate Office Properties Trust were worth $1,369,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC increased its stake in Corporate Office Properties Trust by 319.5% during the 3rd quarter. Signaturefd LLC now owns 1,078 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 821 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in Corporate Office Properties Trust during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd bought a new stake in Corporate Office Properties Trust during the 2nd quarter valued at $26,000. AdvisorNet Financial Inc bought a new stake in Corporate Office Properties Trust during the 4th quarter valued at $31,000. Finally, US Bancorp DE grew its stake in shares of Corporate Office Properties Trust by 46.1% in the 3rd quarter. US Bancorp DE now owns 2,908 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 918 shares in the last quarter.
Analyst Ratings Changes
Several research firms have recently issued reports on OFC. StockNews.com began coverage on shares of Corporate Office Properties Trust in a research note on Thursday. They issued a “hold” rating for the company. Wells Fargo & Company reduced their target price on shares of Corporate Office Properties Trust from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, March 16th.
Insider Activity at Corporate Office Properties Trust
Corporate Office Properties Trust Price Performance
OFC opened at $22.85 on Monday. The firm 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 firm has a 50-day moving average of $23.20 and a 200 day 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.14 annualized dividend and a yield of 4.99%. Corporate Office Properties Trust’s payout ratio is currently 66.67%.
Corporate Office Properties Trust Profile
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.
- Get a free copy of the StockNews.com research report on Corporate Office Properties Trust (OFC)
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