Corporate Office Properties Trust (NYSE:OFC) CEO Stephen E. Budorick purchased 1,600 shares of Corporate Office Properties Trust stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average cost of $26.26 per share, for a total transaction of $42,016.00. Following the transaction, the chief executive officer now directly owns 103,242 shares of the company’s stock, valued at approximately $2,711,134.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of OFC traded up $0.22 during mid-day trading on Friday, reaching $26.79. 1,815,866 shares of the company’s stock were exchanged, compared to its average volume of 1,082,024. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2,713.40, a PE ratio of 13.20, a price-to-earnings-growth ratio of 7.80 and a beta of 0.68. Corporate Office Properties Trust has a 52-week low of $24.55 and a 52-week high of $36.03.
Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). The business had revenue of $164.57 million for the quarter, compared to analysts’ expectations of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. equities research analysts forecast that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.11%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 54.19%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth $237,000. HBK Investments L P acquired a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth $242,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth $256,000. ARP Americas LP acquired a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth $266,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Corporate Office Properties Trust during the third quarter worth $314,000.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. SunTrust Banks set a $30.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. ValuEngine lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Robert W. Baird set a $28.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Citigroup dropped their price target on shares of Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.71.
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About Corporate Office Properties Trust
COPT is an office REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).
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