Brokers Offer Predictions for Corporate Office Properties Trust’s Q3 2017 Earnings (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Stock analysts at Jefferies Group boosted their Q3 2017 EPS estimates for shares of Corporate Office Properties Trust in a research report issued on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.52. Jefferies Group currently has a “Buy” rating and a $39.00 price objective on the stock. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.15 EPS.

Several other analysts have also recently commented on OFC. Zacks Investment Research cut Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp restated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. BidaskClub upgraded Corporate Office Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Capital One Financial Corporation cut Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating and lowered their target price for the company from $33.00 to $29.00 in a research report on Tuesday, August 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Corporate Office Properties Trust currently has a consensus rating of “Hold” and an average price target of $34.29.

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Corporate Office Properties Trust (NYSE:OFC) opened at 32.22 on Wednesday. The company’s 50-day moving average price is $33.02 and its 200-day moving average price is $33.66. The firm’s market cap is $3.16 billion. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. Corporate Office Properties Trust’s quarterly revenue was up 3.8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 150.68%.

Several hedge funds have recently modified their holdings of the company. Capstone Asset Management Co. increased its position in shares of Corporate Office Properties Trust by 1.0% during the 2nd quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 80 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Corporate Office Properties Trust by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after purchasing an additional 98 shares during the period. Utah Retirement Systems increased its position in shares of Corporate Office Properties Trust by 0.4% during the 1st quarter. Utah Retirement Systems now owns 24,547 shares of the real estate investment trust’s stock valued at $812,000 after purchasing an additional 100 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Corporate Office Properties Trust by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 137 shares during the period. Finally, World Asset Management Inc increased its position in shares of Corporate Office Properties Trust by 3.8% during the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 229 shares during the period.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

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

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