Corporate Office Properties Trust (NYSE:OFC) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Corporate Office Properties Trust (NYSE:OFC) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,815 shares of the real estate investment trust’s stock after buying an additional 2,733 shares during the quarter. Principal Financial Group Inc. owned 0.42% of Corporate Office Properties Trust worth $11,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Raymond James & Associates boosted its holdings in Corporate Office Properties Trust by 9.1% in the first quarter. Raymond James & Associates now owns 132,820 shares of the real estate investment trust’s stock valued at $3,791,000 after purchasing an additional 11,028 shares during the period. Natixis Advisors L.P. purchased a new position in Corporate Office Properties Trust in the first quarter valued at $302,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Corporate Office Properties Trust in the first quarter valued at $534,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Corporate Office Properties Trust by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,166 shares of the real estate investment trust’s stock valued at $1,175,000 after purchasing an additional 3,925 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Corporate Office Properties Trust by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 155,398 shares of the real estate investment trust’s stock valued at $4,583,000 after purchasing an additional 9,262 shares during the period.

Analyst Ratings Changes

OFC has been the subject of a number of recent research reports. Truist Financial decreased their target price on Corporate Office Properties Trust from $28.00 to $26.00 in a report on Wednesday, May 31st. StockNews.com began coverage on Corporate Office Properties Trust in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Evercore ISI lifted their price target on Corporate Office Properties Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a report on Wednesday, August 16th.

Corporate Office Properties Trust Stock Up 1.0 %

OFC opened at $25.36 on Tuesday. The business’s 50-day simple moving average is $25.15 and its 200-day simple moving average is $24.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.10 and a current ratio of 2.10. Corporate Office Properties Trust has a one year low of $21.59 and a one year high of $28.69. The stock has a market capitalization of $2.85 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.95 and a beta of 1.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.32). The firm had revenue of $169.20 million for the quarter, compared to analyst estimates of $150.38 million. Corporate Office Properties Trust had a return on equity of 10.93% and a net margin of 27.43%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Analysts anticipate that Corporate Office Properties Trust will post 2.41 EPS for the current year.

Corporate Office Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 4.50%. The ex-dividend date is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 67.46%.

Corporate Office Properties Trust Company Profile

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 the Company believes are growing, durable, priority missions (Defense/IT Locations).