Corporate Office Properties Trust (OFC) Stake Lessened by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its holdings in Corporate Office Properties Trust (NYSE:OFC) by 98.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,600 shares of the real estate investment trust’s stock after selling 613,316 shares during the period. Daiwa Securities Group Inc.’s holdings in Corporate Office Properties Trust were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OFC. Cubist Systematic Strategies LLC acquired a new stake in shares of Corporate Office Properties Trust in the second quarter valued at approximately $248,000. Crossmark Global Holdings Inc. acquired a new stake in Corporate Office Properties Trust during the 3rd quarter worth approximately $314,000. Schroder Investment Management Group acquired a new stake in Corporate Office Properties Trust during the 3rd quarter worth approximately $397,000. Campbell & CO Investment Adviser LLC lifted its holdings in Corporate Office Properties Trust by 62.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 12,140 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 4,663 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Corporate Office Properties Trust by 23.4% during the 4th quarter. ING Groep NV now owns 15,030 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 2,848 shares during the last quarter.

In related news, insider Paul R. Adkins acquired 10,000 shares of the stock in a transaction on Thursday, December 21st. The shares were purchased at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the purchase, the insider now directly owns 29,465 shares in the company, valued at $856,252.90. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lisa G. Trimberger acquired 3,000 shares of the stock in a transaction on Thursday, November 30th. The shares were bought at an average price of $30.39 per share, for a total transaction of $91,170.00. Following the purchase, the director now owns 1,464 shares in the company, valued at $44,490.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 16,000 shares of company stock worth $457,970. Corporate insiders own 0.60% of the company’s stock.

Corporate Office Properties Trust (NYSE OFC) opened at $25.92 on Tuesday. Corporate Office Properties Trust has a 52 week low of $24.78 and a 52 week high of $36.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 1.81. The company has a market capitalization of $2,625.27, a price-to-earnings ratio of 12.83 and a beta of 0.68.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The company had revenue of $164.57 million for the quarter, compared to the consensus estimate of $143.44 million. During the same quarter last year, the business earned $0.51 EPS. Corporate Office Properties Trust’s revenue was up 15.9% on a year-over-year basis. equities analysts forecast that Corporate Office Properties Trust will post 2.02 earnings per share for the current year.

Several analysts recently weighed in on OFC shares. Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. TheStreet raised Corporate Office Properties Trust from a “c” rating to a “b-” rating in a report on Thursday, October 26th. SunTrust Banks reissued a “hold” rating and set a $34.00 price target on shares of Corporate Office Properties Trust in a report on Friday, October 27th. Bank of America cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Finally, Mizuho reissued a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.29.

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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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