Research Analysts Issue Forecasts for Corporate Office Properties Trust’s FY2018 Earnings (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Analysts at KeyCorp issued their FY2018 earnings per share (EPS) estimates for Corporate Office Properties Trust in a report issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst C. Mailman expects that the real estate investment trust will post earnings per share of $2.01 for the year.

Other equities research analysts have also issued research reports about 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 Friday, November 10th. Jefferies Group reiterated a “buy” rating and set a $38.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. TheStreet upgraded shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Mizuho reiterated a “hold” rating and set a $32.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, November 24th. Finally, SunTrust Banks reiterated a “hold” rating and set a $34.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.57.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at $27.15 on Friday. The firm has a market cap of $2,950.00, a PE ratio of 39.35 and a beta of 0.81. Corporate Office Properties Trust has a 12 month low of $27.10 and a 12 month high of $36.03. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $157.00 million for the quarter, compared to analyst estimates of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. Corporate Office Properties Trust’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share.

A number of institutional investors have recently bought and sold shares of OFC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Corporate Office Properties Trust by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 98 shares during the period. Utah Retirement Systems boosted its stake in shares of Corporate Office Properties Trust by 2.4% during the 2nd quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 595 shares during the period. GAM Holding AG boosted its stake in shares of Corporate Office Properties Trust by 7.7% during the 2nd quarter. GAM Holding AG now owns 8,331 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 598 shares during the period. M&T Bank Corp boosted its stake in shares of Corporate Office Properties Trust by 9.1% during the 2nd quarter. M&T Bank Corp now owns 9,681 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 809 shares during the period. Finally, Phocas Financial Corp. boosted its stake in shares of Corporate Office Properties Trust by 6.6% during the 2nd quarter. Phocas Financial Corp. now owns 14,013 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 871 shares during the period.

In other news, Director Lisa G. Trimberger acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of $30.39 per share, with a total value of $91,170.00. Following the purchase, the director now owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul R. Adkins acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was purchased at an average cost of $29.06 per share, with a total value of $290,600.00. Following the purchase, the insider now directly owns 29,465 shares in the company, valued at approximately $856,252.90. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

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Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

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

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