Brokers Set Expectations for Corporate Office Properties Trust’s Q2 2018 Earnings (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Stock analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for Corporate Office Properties Trust in a report released on Monday, April 16th. KeyCorp analyst C. Mailman expects that the real estate investment trust will earn $0.50 per share for the quarter. KeyCorp also issued estimates for Corporate Office Properties Trust’s Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.52 EPS.

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Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). The business had revenue of $164.57 million for the quarter, compared to the consensus estimate of $143.44 million. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. Corporate Office Properties Trust’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Citigroup lowered their price target on Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. TheStreet downgraded Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research report on Friday, February 9th. Mizuho set a $26.00 price target on Corporate Office Properties Trust and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, SunTrust Banks set a $29.00 price target on Corporate Office Properties Trust and gave the company a “hold” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.71.

NYSE:OFC opened at $27.23 on Thursday. The firm has a market cap of $2,766.05, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 7.96 and a beta of 0.68. Corporate Office Properties Trust has a 52-week low of $24.55 and a 52-week high of $36.03. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OFC. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Corporate Office Properties Trust in the fourth quarter worth about $237,000. HBK Investments L P purchased a new position in shares of Corporate Office Properties Trust in the fourth quarter worth about $242,000. Xact Kapitalforvaltning AB purchased a new position in shares of Corporate Office Properties Trust in the fourth quarter worth about $256,000. ARP Americas LP purchased a new position in shares of Corporate Office Properties Trust in the fourth quarter worth about $266,000. Finally, Jane Street Group LLC purchased a new position in Corporate Office Properties Trust during the 4th quarter valued at about $293,000.

In related news, CEO Stephen E. Budorick acquired 1,600 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average price of $26.26 per share, for a total transaction of $42,016.00. Following the completion of the acquisition, the chief executive officer now owns 103,242 shares in the company, valued at $2,711,134.92. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert L. Denton sold 8,500 shares of Corporate Office Properties Trust stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $25.98, for a total value of $220,830.00. Following the completion of the transaction, the director now owns 2,508 shares in the company, valued at approximately $65,157.84. The disclosure for this sale can be found here. Insiders have acquired 5,400 shares of company stock worth $138,944 in the last 90 days. Company insiders own 0.60% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.04%. Corporate Office Properties Trust’s payout ratio 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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