FY2018 EPS Estimates for Corporate Office Properties Trust Reduced by Analyst (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Investment analysts at KeyCorp reduced their FY2018 EPS estimates for Corporate Office Properties Trust in a research report issued to clients and investors on Sunday, December 2nd. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will post earnings per share of $2.01 for the year, down from their prior forecast of $2.02.

Other equities research analysts also recently issued reports about the company. Bank of America cut their target price on Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Wells Fargo & Co restated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, August 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $29.00 price target on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Finally, ValuEngine cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.50.

OFC opened at $24.16 on Wednesday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 2.75 and a beta of 0.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.92 and a quick ratio of 1.92. Corporate Office Properties Trust has a 1-year low of $24.09 and a 1-year high of $31.01.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $137.41 million during the quarter, compared to the consensus estimate of $129.45 million. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.275 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 4.55%. Corporate Office Properties Trust’s dividend payout ratio is currently 54.19%.

In related news, CEO Stephen E. Budorick purchased 4,023 shares of the company’s stock in a transaction on Monday, November 19th. The shares were bought at an average price of $24.90 per share, with a total value of $100,172.70. Following the completion of the acquisition, the chief executive officer now owns 110,528 shares of the company’s stock, valued at $2,752,147.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 5,160 shares of company stock worth $131,367 in the last ninety days. 0.60% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in OFC. BNP Paribas Arbitrage SA raised its stake in Corporate Office Properties Trust by 10.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 27,975 shares of the real estate investment trust’s stock valued at $811,000 after purchasing an additional 2,695 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Corporate Office Properties Trust by 14.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 457,513 shares of the real estate investment trust’s stock valued at $13,263,000 after purchasing an additional 58,791 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter valued at $1,160,000. Commonwealth Equity Services LLC purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter valued at $695,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter valued at $251,000. 96.76% of the stock is currently owned by institutional investors.

Corporate Office Properties Trust Company Profile

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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