Q1 2018 EPS Estimates for Corporate Office Properties Trust (OFC) Lowered by KeyCorp

Corporate Office Properties Trust (NYSE:OFC) – Analysts at KeyCorp dropped their Q1 2018 earnings per share (EPS) estimates for Corporate Office Properties Trust in a research note issued to investors on Monday, April 16th. KeyCorp analyst C. Mailman now expects that the real estate investment trust will earn $0.48 per share for the quarter, down from their prior forecast of $0.50.

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Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Citigroup reduced their target price on shares of 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. TheStreet lowered shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research note on Friday, February 9th. Mizuho set a $26.00 target price on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, SunTrust Banks set a $29.00 price objective on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.71.

Shares of NYSE OFC opened at $27.23 on Wednesday. The stock has a market capitalization of $2,735.67, a PE ratio of 13.42, a price-to-earnings-growth ratio of 7.88 and a beta of 0.68. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. Corporate Office Properties Trust has a 1 year low of $24.55 and a 1 year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.43). The business had revenue of $164.57 million during the quarter, compared to the consensus estimate of $143.44 million. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.04%. The ex-dividend date was Wednesday, March 28th. Corporate Office Properties Trust’s payout ratio is 54.19%.

In related news, Director Robert L. Denton sold 8,500 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $25.98, for a total transaction of $220,830.00. Following the transaction, the director now owns 2,508 shares of the company’s stock, valued at approximately $65,157.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen E. Budorick acquired 1,600 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average cost of $26.26 per share, for a total transaction of $42,016.00. Following the purchase, the chief executive officer now directly owns 103,242 shares in the company, valued at $2,711,134.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,400 shares of company stock worth $138,944 in the last three months. 0.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. bought a new position in Corporate Office Properties Trust in the fourth quarter valued at approximately $237,000. HBK Investments L P bought a new position in Corporate Office Properties Trust in the fourth quarter valued at approximately $242,000. Xact Kapitalforvaltning AB bought a new position in Corporate Office Properties Trust in the fourth quarter valued at approximately $256,000. ARP Americas LP bought a new position in Corporate Office Properties Trust in the fourth quarter valued at approximately $266,000. Finally, Jane Street Group LLC bought a new position in Corporate Office Properties Trust in the fourth quarter valued at approximately $293,000.

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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?).

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

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