Corporate Office Properties Trust (NYSE:OFC) is set to issue its quarterly earnings data after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
Shares of Corporate Office Properties Trust (NYSE OFC) opened at $27.30 on Thursday. Corporate Office Properties Trust has a 52 week low of $26.60 and a 52 week high of $36.03. The stock has a market capitalization of $2,698.41, a PE ratio of 39.57 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.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.
In related news, insider Paul R. Adkins bought 10,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, December 21st. The stock was acquired at an average price of $29.06 per share, with a total value of $290,600.00. Following the acquisition, the insider now directly owns 29,465 shares of the company’s stock, valued at $856,252.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now directly owns 1,464 shares in the company, valued at $44,490.96. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.
OFC has been the topic of a number of research reports. Zacks Investment Research upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, October 18th. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 target price 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 report on Thursday, October 26th. Mizuho reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, November 1st. Finally, Bank of America lowered Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.00.
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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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