Corporate Office Properties Trust (NYSE:OFC) will be posting its quarterly earnings results after the market closes on Thursday, April 26th. Analysts expect Corporate Office Properties Trust to post earnings of $0.30 per share for the quarter. Corporate Office Properties Trust has set its Q1 guidance at $0.48-0.50 EPS and its FY18 guidance at $1.95-2.05 EPS.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.43). Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The business had revenue of $164.57 million during the quarter, compared to analyst estimates of $143.44 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts expect Corporate Office Properties Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Corporate Office Properties Trust stock opened at $26.83 on Wednesday. Corporate Office Properties Trust has a 1-year low of $24.55 and a 1-year high of $36.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $2,714.40, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 7.81 and a beta of 0.68.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, March 28th. Corporate Office Properties Trust’s dividend payout ratio is presently 54.19%.
In other news, CEO Stephen E. Budorick bought 1,600 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average price of $26.26 per share, for a total transaction of $42,016.00. Following the completion of the transaction, the chief executive officer now owns 103,242 shares of the company’s stock, valued at $2,711,134.92. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Denton sold 1,500 shares of Corporate Office Properties Trust stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $26.25, for a total value of $39,375.00. Following the sale, the director now owns 2,508 shares in the company, valued at approximately $65,835. The disclosure for this sale can be found here. Insiders have bought 5,400 shares of company stock worth $138,944 in the last quarter. Insiders own 0.60% of the company’s stock.
A number of analysts have weighed in on the company. SunTrust Banks set a $30.00 price target on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Citigroup cut their price target on 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. Mizuho set a $26.00 price target on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Tuesday, February 13th. Robert W. Baird set a $28.00 price target on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $30.50.
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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?).
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