Equities Analysts Offer Predictions for Corporate Office Properties Trust’s FY2019 Earnings (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Jefferies Group cut their FY2019 earnings per share estimates for shares of Corporate Office Properties Trust in a research note issued to investors on Thursday, Zacks Investment Research reports. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $2.24 per share for the year, down from their previous forecast of $2.33. Jefferies Group currently has a “Buy” rating and a $38.00 price objective on the stock.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $157.00 million for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday, October 18th. SunTrust Banks reiterated a “hold” rating and issued a $34.00 price target on shares of Corporate Office Properties Trust in a report on Friday, October 27th. TheStreet raised Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Evercore ISI raised Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Bank of America downgraded Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.57.

Corporate Office Properties Trust (NYSE OFC) opened at $27.15 on Friday. The stock has a market capitalization of $2,704.38, a P/E ratio of 13.57 and a beta of 0.81. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. Corporate Office Properties Trust has a fifty-two week low of $27.10 and a fifty-two week high of $36.03.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cadence Capital Management LLC purchased a new stake in Corporate Office Properties Trust in the second quarter worth $204,000. Garner Asset Management Corp purchased a new stake in Corporate Office Properties Trust in the second quarter worth $246,000. Cubist Systematic Strategies LLC purchased a new stake in Corporate Office Properties Trust in the second quarter worth $248,000. Riverhead Capital Management LLC increased its position in Corporate Office Properties Trust by 48.9% in the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,394 shares during the last quarter. Finally, GAM Holding AG increased its position in Corporate Office Properties Trust by 7.7% in the second quarter. GAM Holding AG now owns 8,331 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 598 shares during the last quarter.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of $30.39 per share, with a total value of $91,170.00. Following the completion of the transaction, the director now owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul R. Adkins purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average cost of $29.06 per share, with a total value of $290,600.00. Following the completion of the transaction, the insider now directly owns 29,465 shares of the company’s stock, valued at approximately $856,252.90. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 159.42%.

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About Corporate Office Properties Trust

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

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