Corporate Office Properties Trust (OFC) Insider Buys $290,600.00 in Stock

Corporate Office Properties Trust (NYSE:OFC) insider Paul R. Adkins bought 10,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was bought at an average cost of $29.06 per share, for a total transaction of $290,600.00. Following the transaction, the insider now owns 29,465 shares of the company’s stock, valued at approximately $856,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down $0.88 during midday trading on Thursday, reaching $29.42. The company’s stock had a trading volume of 1,267,100 shares, compared to its average volume of 801,932. The firm has a market capitalization of $3,018.15, a P/E ratio of 15.15 and a beta of 0.81. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34. Corporate Office Properties Trust has a 1 year low of $29.41 and a 1 year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $157.00 million for the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. equities analysts forecast that Corporate Office Properties Trust will post 2.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 159.42%.

A number of hedge funds and other institutional investors have recently made changes to their positions in OFC. Vanguard Group Inc. boosted its holdings in shares of Corporate Office Properties Trust by 1.2% during the second quarter. Vanguard Group Inc. now owns 15,482,529 shares of the real estate investment trust’s stock worth $542,353,000 after acquiring an additional 184,535 shares during the period. BlackRock Inc. boosted its holdings in shares of Corporate Office Properties Trust by 4.4% during the second quarter. BlackRock Inc. now owns 10,639,831 shares of the real estate investment trust’s stock worth $372,714,000 after acquiring an additional 447,228 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of Corporate Office Properties Trust by 8.8% during the third quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock worth $348,252,000 after acquiring an additional 860,162 shares during the period. FMR LLC boosted its holdings in shares of Corporate Office Properties Trust by 22.0% during the second quarter. FMR LLC now owns 6,980,510 shares of the real estate investment trust’s stock worth $244,526,000 after acquiring an additional 1,259,741 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Corporate Office Properties Trust by 92.4% during the third quarter. Bank of New York Mellon Corp now owns 2,922,539 shares of the real estate investment trust’s stock worth $95,948,000 after acquiring an additional 1,403,775 shares during the period.

A number of research firms recently issued reports on OFC. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. Jefferies Group raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $39.00 in a research report on Monday, September 25th. Finally, TheStreet raised Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.57.

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About Corporate Office Properties Trust

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.

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