Corporate Office Properties Trust (NYSE:OFC) Shares Sold by Fmr LLC

Fmr LLC lessened its stake in Corporate Office Properties Trust (NYSE:OFC) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,466,997 shares of the real estate investment trust’s stock after selling 554,447 shares during the quarter. Fmr LLC owned 4.86% of Corporate Office Properties Trust worth $129,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OFC. Point72 Hong Kong Ltd purchased a new position in Corporate Office Properties Trust during the second quarter worth approximately $26,000. Parallel Advisors LLC boosted its position in Corporate Office Properties Trust by 925.7% during the first quarter. Parallel Advisors LLC now owns 1,118 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,009 shares in the last quarter. Global Retirement Partners LLC boosted its position in Corporate Office Properties Trust by 57.6% during the first quarter. Global Retirement Partners LLC now owns 2,157 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 788 shares in the last quarter. Lazard Asset Management LLC boosted its position in Corporate Office Properties Trust by 217.2% during the fourth quarter. Lazard Asset Management LLC now owns 3,372 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,309 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Corporate Office Properties Trust by 2,181.0% during the first quarter. Bessemer Group Inc. now owns 3,604 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 3,446 shares in the last quarter.

Analyst Upgrades and Downgrades

OFC has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Corporate Office Properties Trust from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial reduced their target price on Corporate Office Properties Trust from $28.00 to $26.00 in a report on Wednesday, May 31st. Evercore ISI increased their target price on Corporate Office Properties Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a report on Wednesday, August 16th. Finally, StockNews.com started coverage on Corporate Office Properties Trust in a report on Thursday, August 17th. They set a “hold” rating for the company.

Corporate Office Properties Trust Price Performance

NYSE:OFC opened at $26.14 on Friday. Corporate Office Properties Trust has a one year low of $21.59 and a one year high of $28.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market cap of $2.94 billion, a PE ratio of 15.47, a P/E/G ratio of 0.96 and a beta of 1.03. The stock has a 50 day moving average price of $25.35 and a 200 day moving average price of $24.28.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.32). Corporate Office Properties Trust had a net margin of 27.43% and a return on equity of 10.93%. The company had revenue of $169.20 million during the quarter, compared to analyst estimates of $150.38 million. During the same period in the prior year, the business posted $0.59 EPS. Corporate Office Properties Trust’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts expect that Corporate Office Properties Trust will post 2.41 EPS for the current fiscal year.

Corporate Office Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.14 annualized dividend and a dividend yield of 4.36%. Corporate Office Properties Trust’s dividend payout ratio is currently 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).