Corporate Office Properties Trust (NYSE:OFC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.53-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55.
Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $32.37 on Friday. Corporate Office Properties Trust has a one year low of $27.16 and a one year high of $36.03. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $3,220.36, a PE ratio of 16.17 and a beta of 0.84.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. During the same period last year, the business earned $0.51 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. equities research analysts anticipate that Corporate Office Properties Trust will post 2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.
A number of research analysts recently weighed in on OFC shares. Zacks Investment Research raised Corporate Office Properties Trust from a sell rating to a hold rating in a research note on Thursday, September 7th. ValuEngine raised Corporate Office Properties Trust from a hold rating to a buy rating in a research note on Friday, September 1st. BidaskClub downgraded Corporate Office Properties Trust from a hold rating to a sell rating in a research note on Thursday, July 27th. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $34.00 price target on shares of Corporate Office Properties Trust in a research report on Friday, October 27th. Finally, TheStreet raised Corporate Office Properties Trust from a c rating to a b- rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $34.57.
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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.
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