Insider Selling: Corporate Office Properties Trust (OFC) Director Sells 3,458 Shares of Stock

Corporate Office Properties Trust (NYSE:OFC) Director David M. Jacobstein sold 3,458 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $28.13, for a total transaction of $97,273.54. Following the completion of the transaction, the director now directly owns 9,565 shares of the company’s stock, valued at approximately $269,063.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Corporate Office Properties Trust stock opened at $28.09 on Friday. Corporate Office Properties Trust has a 52 week low of $20.03 and a 52 week high of $31.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $3.14 billion, a P/E ratio of 13.98, a PEG ratio of 2.85 and a beta of 1.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.31). Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The firm had revenue of $148.94 million during the quarter, compared to analyst estimates of $150.89 million. During the same period in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts forecast that Corporate Office Properties Trust will post 2.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, June 27th. Corporate Office Properties Trust’s dividend payout ratio is 54.73%.

A number of equities analysts recently commented on OFC shares. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. KeyCorp lowered shares of Corporate Office Properties Trust from a “sector weight” rating to an “underweight” rating and set a $23.00 price objective for the company. in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.17.

A number of institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Corporate Office Properties Trust by 142.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,700 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Corporate Office Properties Trust by 36.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,319 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 355 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Corporate Office Properties Trust by 2,069.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 864,333 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 824,484 shares during the period. Fort L.P. boosted its stake in shares of Corporate Office Properties Trust by 420.6% during the 4th quarter. Fort L.P. now owns 2,150 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,737 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Corporate Office Properties Trust by 51.1% during the 1st quarter. Advisor Group Inc. now owns 2,071 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 700 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

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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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Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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