Capital One Financial Corporation Equities Analysts Raise Earnings Estimates for Corporate Office Properties Trust (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Research analysts at Capital One Financial Corporation raised their FY2017 earnings per share estimates for Corporate Office Properties Trust in a report released on Monday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $2.05 per share for the year, up from their prior forecast of $2.04. Capital One Financial Corporation has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Corporate Office Properties Trust’s Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $2.03 EPS and FY2019 earnings at $2.19 EPS.

A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Mizuho restated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, November 1st. TheStreet upgraded shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research report on Thursday, October 26th. SunTrust Banks, Inc. restated a “hold” rating and issued a $34.00 price objective on shares of Corporate Office Properties Trust in a research report on Friday, October 27th. Finally, Jefferies Group LLC upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.57.

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Corporate Office Properties Trust (NYSE:OFC) opened at $30.90 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53. Corporate Office Properties Trust has a 1 year low of $28.17 and a 1 year high of $36.03. The company has a market cap of $3,088.88, a P/E ratio of 15.51 and a beta of 0.84.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping 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 5.89%. The firm had revenue of $157.00 million during the quarter, compared to analyst estimates of $142.74 million. During the same quarter last year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of the business. Eii Capital Management Inc. purchased a new position in shares of Corporate Office Properties Trust during the third quarter worth approximately $785,000. California Public Employees Retirement System raised its stake in shares of Corporate Office Properties Trust by 7.7% during the third quarter. California Public Employees Retirement System now owns 252,194 shares of the real estate investment trust’s stock worth $8,280,000 after acquiring an additional 18,000 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Corporate Office Properties Trust by 9.3% during the third quarter. Janus Henderson Group PLC now owns 103,100 shares of the real estate investment trust’s stock worth $3,385,000 after acquiring an additional 8,800 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of Corporate Office Properties Trust by 8.8% during the third quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock worth $348,252,000 after acquiring an additional 860,162 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Corporate Office Properties Trust during the third quarter worth approximately $608,000.

The business also recently announced 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 yield of 3.56%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 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.

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

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