Corporate Office Properties Trust (OFC) Stake Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of Corporate Office Properties Trust (NYSE:OFC) by 23.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. Sterling Capital Management LLC owned about 0.05% of Corporate Office Properties Trust worth $1,751,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Corporate Office Properties Trust by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,518,764 shares of the real estate investment trust’s stock valued at $53,202,000 after buying an additional 38,331 shares during the period. BlackRock Inc. boosted its stake in shares of Corporate Office Properties Trust by 5,196.2% during the 1st quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock valued at $337,374,000 after buying an additional 10,000,151 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Corporate Office Properties Trust by 1.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 970,521 shares of the real estate investment trust’s stock valued at $33,998,000 after buying an additional 18,346 shares during the period. Legal & General Group Plc boosted its stake in shares of Corporate Office Properties Trust by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 336,586 shares of the real estate investment trust’s stock valued at $11,791,000 after buying an additional 26,232 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Corporate Office Properties Trust by 253.8% during the 2nd quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock valued at $29,820,000 after buying an additional 610,641 shares during the period.

Several equities research analysts recently issued reports on the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday. TheStreet raised shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday. KeyCorp reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, BidaskClub raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.57.

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Corporate Office Properties Trust (OFC) traded up 3.24% on Friday, hitting $32.16. 1,480,845 shares of the stock traded hands. The firm’s 50 day moving average is $32.78 and its 200 day moving average is $33.59. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 44.12 and a beta of 0.81.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.88%. The business had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $142.74 million. During the same period last year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that Corporate Office Properties Trust will post $0.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio is 159.42%.

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.

Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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