Corporate Office Properties Trust (OFC) Expected to Post Earnings of $0.51 Per Share

Brokerages predict that Corporate Office Properties Trust (NYSE:OFC) will report earnings per share (EPS) of $0.51 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Corporate Office Properties Trust’s earnings, with estimates ranging from $0.50 to $0.52. Corporate Office Properties Trust reported earnings of $0.53 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.02. For the next year, analysts forecast that the firm will report earnings of $2.07 per share, with EPS estimates ranging from $2.03 to $2.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Corporate Office Properties Trust.

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

A number of equities research analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $29.00 target price on shares of Corporate Office Properties Trust in a research note on Wednesday, August 8th. Bank of America raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, August 7th. Mizuho reaffirmed a “hold” rating and issued a $31.00 target price on shares of Corporate Office Properties Trust in a research note on Monday, August 6th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.00.

A number of hedge funds and other institutional investors have recently modified their holdings of OFC. Guggenheim Capital LLC grew its position in Corporate Office Properties Trust by 9.8% during the first quarter. Guggenheim Capital LLC now owns 39,500 shares of the real estate investment trust’s stock valued at $1,020,000 after acquiring an additional 3,527 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Corporate Office Properties Trust by 60.4% during the first quarter. Xact Kapitalforvaltning AB now owns 14,081 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 5,300 shares during the last quarter. WINTON GROUP Ltd bought a new position in Corporate Office Properties Trust during the first quarter valued at approximately $254,000. Principal Financial Group Inc. grew its position in Corporate Office Properties Trust by 2.0% during the first quarter. Principal Financial Group Inc. now owns 1,526,874 shares of the real estate investment trust’s stock valued at $39,438,000 after acquiring an additional 29,988 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Corporate Office Properties Trust by 54.7% during the first quarter. Allianz Asset Management GmbH now owns 309,314 shares of the real estate investment trust’s stock valued at $7,990,000 after acquiring an additional 109,314 shares during the last quarter.

OFC traded down $0.09 on Monday, reaching $26.18. The company had a trading volume of 531,073 shares, compared to its average volume of 821,295. The company has a market capitalization of $2.74 billion, a P/E ratio of 12.90, a P/E/G ratio of 2.95 and a beta of 0.75. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.92 and a quick ratio of 1.98. Corporate Office Properties Trust has a 52-week low of $24.55 and a 52-week high of $32.59.

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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