Corporate Office Properties Trust (OFC) Issues Q4 Earnings Guidance

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.

WARNING: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/12/corporate-office-properties-trust-ofc-issues-q4-earnings-guidance.html.

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)

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply