Equities analysts forecast that Corporate Office Properties Trust (NYSE:OFC) will announce earnings of $0.49 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Corporate Office Properties Trust’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.50. Corporate Office Properties Trust reported earnings of $0.47 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Corporate Office Properties Trust will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.03. For the next year, analysts anticipate that the company will post earnings of $2.11 per share, with EPS estimates ranging from $2.04 to $2.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Corporate Office Properties Trust.
Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The firm had revenue of $164.57 million during the quarter, compared to the consensus estimate of $143.44 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue was up 15.9% on a year-over-year basis.
Shares of OFC traded up $0.04 during trading hours on Thursday, hitting $26.70. The stock had a trading volume of 508,031 shares, compared to its average volume of 959,797. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. Corporate Office Properties Trust has a 12 month low of $24.55 and a 12 month high of $36.03. The firm has a market capitalization of $2,713.39, a P/E ratio of 13.10, a PEG ratio of 7.81 and a beta of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.12%. The ex-dividend date is Wednesday, March 28th. Corporate Office Properties Trust’s dividend payout ratio is presently 54.19%.
In related news, CEO Stephen E. Budorick purchased 1,600 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was acquired at an average price of $26.26 per share, with a total value of $42,016.00. Following the completion of the acquisition, the chief executive officer now owns 103,242 shares of the company’s stock, valued at approximately $2,711,134.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa G. Trimberger purchased 3,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $25.40 per share, with a total value of $76,200.00. The disclosure for this purchase can be found here. Insiders have acquired 5,400 shares of company stock valued at $138,944 in the last three months. 0.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its position in Corporate Office Properties Trust by 10.3% during the third quarter. Legal & General Group Plc now owns 371,227 shares of the real estate investment trust’s stock valued at $12,188,000 after purchasing an additional 34,641 shares during the period. Wolverine Asset Management LLC purchased a new stake in Corporate Office Properties Trust in the fourth quarter valued at approximately $1,394,000. Bank of New York Mellon Corp raised its position in Corporate Office Properties Trust by 58.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,637,510 shares of the real estate investment trust’s stock valued at $135,415,000 after purchasing an additional 1,714,971 shares during the period. Ascend Capital LLC purchased a new stake in Corporate Office Properties Trust in the fourth quarter valued at approximately $486,000. Finally, Janus Henderson Group PLC raised its position in Corporate Office Properties Trust by 9.3% in the third quarter. Janus Henderson Group PLC now owns 103,100 shares of the real estate investment trust’s stock valued at $3,385,000 after purchasing an additional 8,800 shares during the period.
About Corporate Office Properties Trust
COPT is an office REIT that owns, manages, leases, develops and selectively acquires office and data center properties 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 it believes are growing, durable, priority missions (?Defense/IT Locations?).
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