Corporate Office Properties Trust (OFC) to Release Quarterly Earnings on Monday

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Corporate Office Properties Trust (NYSE:OFC) will release its earnings data after the market closes on Monday, October 28th. Analysts expect Corporate Office Properties Trust to post earnings of $0.50 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.44. The firm had revenue of $175.07 million during the quarter, compared to the consensus estimate of $151.18 million. Corporate Office Properties Trust had a net margin of 27.67% and a return on equity of 10.04%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, analysts expect Corporate Office Properties Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OFC opened at $29.71 on Monday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 3.20 and a beta of 0.86. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $29.21 and a 200-day moving average price of $28.21. Corporate Office Properties Trust has a twelve month low of $20.03 and a twelve month high of $30.12.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.275 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 3.70%. Corporate Office Properties Trust’s payout ratio is 54.73%.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 4,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.73, for a total transaction of $110,920.00. Following the completion of the sale, the director now directly owns 272,000 shares in the company, valued at $7,542,560. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Greg J. Thor sold 2,507 shares of Corporate Office Properties Trust stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $29.11, for a total transaction of $72,978.77. Following the sale, the chief accounting officer now owns 22,558 shares of the company’s stock, valued at $656,663.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,939 shares of company stock valued at $255,959. 0.60% of the stock is owned by corporate insiders.

Several equities analysts recently commented on OFC shares. Robert W. Baird set a $31.00 price objective on shares of Corporate Office Properties Trust and gave the company a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut shares of Corporate Office Properties Trust from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Tuesday, October 8th. Citigroup boosted their price objective on shares of Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus 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 Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.38.

Corporate Office Properties Trust Company Profile

COPT is a 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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Earnings History for Corporate Office Properties Trust (NYSE:OFC)

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