Fmr LLC Buys Shares of 1,209,900 Corporate Office Properties Trust (OFC)

FMR LLC purchased a new stake in shares of Corporate Office Properties Trust (NYSE:OFC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,209,900 shares of the real estate investment trust’s stock, valued at approximately $37,773,000. FMR LLC owned 1.28% of Corporate Office Properties Trust at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OFC. Riverhead Capital Management LLC boosted its stake in shares of Corporate Office Properties Trust by 256.5% in the third quarter. Riverhead Capital Management LLC now owns 6,000 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 4,317 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Corporate Office Properties Trust by 5.7% in the third quarter. LS Investment Advisors LLC now owns 6,009 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 324 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Corporate Office Properties Trust by 18.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,095 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 1,097 shares during the last quarter. Cadence Capital Management LLC bought a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth about $223,000. Finally, GWM Advisors LLC boosted its stake in shares of Corporate Office Properties Trust by 5.0% in the third quarter. GWM Advisors LLC now owns 7,858 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 376 shares during the last quarter. 97.98% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

Shares of Corporate Office Properties Trust (NYSE:OFC) traded down 0.50% on Friday, hitting $33.56. The company had a trading volume of 742,739 shares. The company’s market capitalization is $3.29 billion. The firm has a 50-day moving average price of $33.52 and a 200 day moving average price of $30.80. Corporate Office Properties Trust has a 12-month low of $24.92 and a 12-month high of $34.56.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.29. The firm had revenue of $141.99 million for the quarter, compared to the consensus estimate of $128.02 million. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities analysts expect that Corporate Office Properties Trust will post $0.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.10 annualized dividend and a dividend yield of 3.26%. Corporate Office Properties Trust’s dividend payout ratio is currently -2,749.31%.

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A number of research analysts have recently commented on the company. Evercore ISI reiterated an “underperform” rating and set a $32.00 price target on shares of Corporate Office Properties Trust in a report on Tuesday, March 28th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Jefferies Group LLC upped their price target on Corporate Office Properties Trust from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, February 21st. Robert W. Baird lowered Corporate Office Properties Trust from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $33.00 in a report on Wednesday, February 15th. Finally, Mizuho upped their price target on Corporate Office Properties Trust from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.50.

In other news, CAO Greg J. Thor sold 3,555 shares of Corporate Office Properties Trust stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $34.02, for a total value of $120,941.10. Following the transaction, the chief accounting officer now owns 14,853 shares in the company, valued at $505,299.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

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.

5 Day Chart for NYSE:OFC

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