Corporate Office Properties Trust to Post Q2 2018 Earnings of $0.50 Per Share, KeyCorp Forecasts (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Corporate Office Properties Trust in a note issued to investors on Monday, April 16th. KeyCorp analyst C. Mailman anticipates that the real estate investment trust will post earnings of $0.50 per share for the quarter. KeyCorp also issued estimates for Corporate Office Properties Trust’s Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.52 EPS.

How to Become a New Pot Stock Millionaire

Other equities research analysts have also recently issued research reports about the company. TheStreet cut Corporate Office Properties Trust from a “b-” rating to a “c” rating in a report on Friday, February 9th. ValuEngine cut Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks set a $30.00 target price on Corporate Office Properties Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Robert W. Baird set a $28.00 target price on Corporate Office Properties Trust and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Mizuho set a $26.00 target price on Corporate Office Properties Trust and gave the company a “hold” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $30.71.

Shares of NYSE:OFC opened at $27.01 on Thursday. The firm has a market cap of $2,766.05, a price-to-earnings ratio of 13.31, a P/E/G ratio of 7.96 and a beta of 0.68. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. Corporate Office Properties Trust has a one year low of $24.55 and a one year 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 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). The company had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. Corporate Office Properties Trust’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS.

Several hedge funds have recently bought and sold shares of OFC. New York State Common Retirement Fund boosted its holdings in shares of Corporate Office Properties Trust by 0.7% during the third quarter. New York State Common Retirement Fund now owns 329,987 shares of the real estate investment trust’s stock worth $10,833,000 after purchasing an additional 2,218 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Corporate Office Properties Trust by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,439,711 shares of the real estate investment trust’s stock worth $47,266,000 after buying an additional 43,083 shares during the period. Janus Henderson Group PLC raised its position in shares of Corporate Office Properties Trust by 9.3% in the 3rd quarter. Janus Henderson Group PLC now owns 103,100 shares of the real estate investment trust’s stock worth $3,385,000 after buying an additional 8,800 shares during the period. California Public Employees Retirement System raised its position in shares of Corporate Office Properties Trust by 7.7% in the 3rd quarter. California Public Employees Retirement System now owns 252,194 shares of the real estate investment trust’s stock worth $8,280,000 after buying an additional 18,000 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Corporate Office Properties Trust by 2.7% in the 4th quarter. Bank of Montreal Can now owns 136,366 shares of the real estate investment trust’s stock worth $3,981,000 after buying an additional 3,573 shares during the period.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $25.40 per share, for a total transaction of $76,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Denton sold 8,500 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $25.98, for a total value of $220,830.00. Following the sale, the director now owns 2,508 shares in the company, valued at approximately $65,157.84. The disclosure for this sale can be found here. Insiders have bought 5,400 shares of company stock worth $138,944 in the last 90 days. Insiders own 0.60% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, March 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 54.19%.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2018/04/20/corporate-office-properties-trust-to-post-q2-2018-earnings-of-0-50-per-share-keycorp-forecasts-ofc.html.

Corporate Office Properties Trust Company Profile

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?).

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

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply