Corporate Office Properties Trust to Post Q1 2018 Earnings of $0.48 Per Share, Capital One Financial Forecasts (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Research analysts at Capital One Financial decreased their Q1 2018 earnings per share (EPS) estimates for shares of Corporate Office Properties Trust in a note issued to investors on Monday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $0.48 per share for the quarter, down from their previous forecast of $0.49. Capital One Financial also issued estimates for Corporate Office Properties Trust’s Q2 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $1.99 EPS and FY2019 earnings at $2.08 EPS.

OFC has been the subject of a number of other reports. SunTrust Banks set a $30.00 price target on Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Evercore ISI raised Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Mizuho reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, November 1st. Citigroup lowered their price objective on Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Robert W. Baird set a $28.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Corporate Office Properties Trust currently has an average rating of “Hold” and an average target price of $30.88.

Corporate Office Properties Trust (OFC) opened at $25.55 on Wednesday. Corporate Office Properties Trust has a 1-year low of $24.78 and a 1-year high of $36.03. The firm has a market capitalization of $2,625.27, a price-to-earnings ratio of 44.83 and a beta of 0.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.53.

Corporate Office Properties Trust (NYSE:OFC) last released 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 return on equity of 4.82% and a net margin of 11.44%. The company had revenue of $164.57 million during the quarter, compared to analyst estimates of $143.44 million. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year.

In other news, Director Robert L. Denton sold 8,500 shares of Corporate Office Properties Trust 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 completion of the sale, the director now owns 2,508 shares of the company’s stock, valued at $65,157.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lisa G. Trimberger acquired 3,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $30.39 per share, with a total value of $91,170.00. Following the transaction, the director now owns 1,464 shares of the company’s stock, valued at $44,490.96. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 16,000 shares of company stock valued at $457,970. Company insiders own 0.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in Corporate Office Properties Trust by 5.6% during the fourth quarter. BlackRock Inc. now owns 11,314,176 shares of the real estate investment trust’s stock valued at $330,375,000 after acquiring an additional 604,417 shares during the period. Cohen & Steers Inc. grew its position in Corporate Office Properties Trust by 8.8% during the third quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock valued at $348,252,000 after acquiring an additional 860,162 shares during the period. Bank of New York Mellon Corp grew its position in Corporate Office Properties Trust by 58.7% during the fourth quarter. Bank of New York Mellon Corp now owns 4,637,510 shares of the real estate investment trust’s stock valued at $135,415,000 after acquiring an additional 1,714,971 shares during the period. Wells Fargo & Company MN grew its position in Corporate Office Properties Trust by 0.4% during the third quarter. Wells Fargo & Company MN now owns 2,268,665 shares of the real estate investment trust’s stock valued at $74,480,000 after acquiring an additional 9,474 shares during the period. Finally, Channing Capital Management LLC grew its position in Corporate Office Properties Trust by 12.9% during the fourth quarter. Channing Capital Management LLC now owns 2,182,578 shares of the real estate investment trust’s stock valued at $63,725,000 after acquiring an additional 249,115 shares during the period.

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About Corporate Office Properties Trust

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.

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

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