Corporate Office Properties Trust (OFC) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in Corporate Office Properties Trust (NYSE:OFC) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,023,013 shares of the real estate investment trust’s stock after purchasing an additional 52,492 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.03% of Corporate Office Properties Trust worth $33,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cadence Capital Management LLC purchased a new position in Corporate Office Properties Trust during the second quarter valued at $204,000. World Asset Management Inc raised its stake in Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 229 shares during the last quarter. Garner Asset Management Corp purchased a new position in Corporate Office Properties Trust during the second quarter valued at $246,000. Cubist Systematic Strategies LLC purchased a new position in Corporate Office Properties Trust during the second quarter valued at $248,000. Finally, Riverhead Capital Management LLC raised its stake in Corporate Office Properties Trust by 48.9% during the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 2,394 shares during the last quarter.

A number of research analysts have issued reports on the company. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. BidaskClub upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Jefferies Group upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $39.00 in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.57.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now owns 1,464 shares in the company, valued at $44,490.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Corporate Office Properties Trust (OFC) traded up $0.12 during trading on Monday, hitting $30.22. The company’s stock had a trading volume of 446,400 shares, compared to its average volume of 790,824. The company has a market cap of $3,010.18, a price-to-earnings ratio of 15.11 and a beta of 0.81. Corporate Office Properties Trust has a twelve month low of $29.03 and a twelve month high of $36.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The business had revenue of $157.00 million during the quarter, compared to analyst estimates of $142.74 million. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. research analysts expect that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

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

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