7,069 Shares in Corporate Office Properties Trust (OFC) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in shares of Corporate Office Properties Trust (NYSE:OFC) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,069 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Other large investors have also recently added to or reduced their stakes in the company. Cadence Capital Management LLC bought a new position in Corporate Office Properties Trust during the 2nd quarter worth approximately $204,000. World Asset Management Inc lifted its holdings in Corporate Office Properties Trust by 3.8% during the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 229 shares during the last quarter. Garner Asset Management Corp bought a new position in Corporate Office Properties Trust during the 2nd quarter worth approximately $246,000. Riverhead Capital Management LLC lifted its holdings in Corporate Office Properties Trust by 48.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,394 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Corporate Office Properties Trust during the 2nd quarter worth approximately $262,000.

A number of research analysts have commented on OFC shares. TheStreet raised Corporate Office Properties Trust from a “c” rating to a “b-” rating in a report on Thursday, October 26th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $39.00 in a report on Monday, September 25th. Zacks Investment Research raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, October 18th. Finally, Capital One Financial Corporation downgraded Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Corporate Office Properties Trust currently has a consensus rating of “Hold” and an average price target of $34.57.

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Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 31.93 on Wednesday. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03. The company has a 50 day moving average price of $32.63 and a 200 day moving average price of $33.52. The company has a market cap of $3.16 billion, a P/E ratio of 43.80 and a beta of 0.81.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company had revenue of $157.00 million for the quarter, compared to analyst estimates of $142.74 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts expect that Corporate Office Properties Trust will post $0.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.45%. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.

Corporate Office Properties Trust 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.

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

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