FY2018 Earnings Forecast for Corporate Office Properties Trust (OFC) Issued By Capital One Financial

Corporate Office Properties Trust (NYSE:OFC) – Investment analysts at Capital One Financial cut their FY2018 EPS estimates for Corporate Office Properties Trust in a report issued on Wednesday, October 31st. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $2.00 per share for the year, down from their previous estimate of $2.01. Capital One Financial also issued estimates for Corporate Office Properties Trust’s Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.03 EPS.

Other analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “$28.83” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, July 18th. Bank of America decreased their price target on Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Mizuho reaffirmed a “hold” rating and issued a $31.00 price target on shares of Corporate Office Properties Trust in a research note on Monday, August 6th. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.00.

Shares of OFC stock opened at $26.34 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.98 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.70 billion, a P/E ratio of 12.98, a P/E/G ratio of 2.90 and a beta of 0.75. Corporate Office Properties Trust has a one year low of $24.55 and a one year high of $32.76.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $137.41 million for the quarter, compared to analyst estimates of $129.45 million. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $29.97, for a total value of $89,910.00. Following the transaction, the director now owns 3,458 shares of the company’s stock, valued at $103,636.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David M. Jacobstein sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $30.64, for a total value of $76,600.00. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at approximately $293,868.24. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Glen Harbor Capital Management LLC boosted its stake in Corporate Office Properties Trust by 18.0% in the second quarter. Glen Harbor Capital Management LLC now owns 11,418 shares of the real estate investment trust’s stock worth $331,000 after purchasing an additional 1,738 shares in the last quarter. Rhumbline Advisers boosted its stake in Corporate Office Properties Trust by 0.9% in the second quarter. Rhumbline Advisers now owns 203,371 shares of the real estate investment trust’s stock worth $5,896,000 after purchasing an additional 1,831 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Corporate Office Properties Trust by 5.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 39,345 shares of the real estate investment trust’s stock worth $1,141,000 after purchasing an additional 2,038 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Corporate Office Properties Trust by 15.6% in the third quarter. Daiwa Securities Group Inc. now owns 15,600 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Corporate Office Properties Trust by 3.4% in the third quarter. Arizona State Retirement System now owns 73,322 shares of the real estate investment trust’s stock worth $2,187,000 after purchasing an additional 2,406 shares in the last quarter.

About Corporate Office Properties Trust

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

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