Corporate Office Properties Trust (OFC) Forecasted to Post Q1 2018 Earnings of $0.48 Per Share

Corporate Office Properties Trust (NYSE:OFC) – Investment analysts at KeyCorp cut their Q1 2018 earnings estimates for Corporate Office Properties Trust in a research report issued on Monday, April 16th. KeyCorp analyst C. Mailman now expects that the real estate investment trust will earn $0.48 per share for the quarter, down from their prior forecast of $0.50.

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Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research note on Friday, February 9th. ValuEngine lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $30.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Mizuho set a $26.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird set a $28.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.71.

NYSE OFC opened at $27.31 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Corporate Office Properties Trust has a one year low of $24.55 and a one year high of $36.03. The company has a market capitalization of $2,735.67, a PE ratio of 13.37, a price-to-earnings-growth ratio of 7.88 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share 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 company had revenue of $164.57 million for the quarter, compared to analysts’ expectations of $143.44 million. During the same period last year, the business earned $0.51 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Corporate Office Properties Trust by 5.6% in the fourth quarter. BlackRock Inc. now owns 11,314,176 shares of the real estate investment trust’s stock valued at $330,375,000 after acquiring an additional 604,417 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 1,714,971 shares in the last quarter. Channing Capital Management LLC raised its holdings in Corporate Office Properties Trust by 12.9% in the fourth quarter. Channing Capital Management LLC now owns 2,182,578 shares of the real estate investment trust’s stock valued at $63,725,000 after acquiring an additional 249,115 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in Corporate Office Properties Trust by 22.9% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 2,001,830 shares of the real estate investment trust’s stock valued at $58,453,000 after acquiring an additional 372,772 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Corporate Office Properties Trust by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,906,700 shares of the real estate investment trust’s stock valued at $55,676,000 after acquiring an additional 64,400 shares in the last quarter.

In other news, CEO Stephen E. Budorick bought 1,600 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased 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 directly owns 103,242 shares in the company, valued at $2,711,134.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $25.40 per share, for a total transaction of $76,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,400 shares of company stock worth $138,944. 0.60% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.10 annualized dividend and a yield of 4.03%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 54.19%.

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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?).

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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