Corporate Office Properties Trust (OFC) Expected to Earn FY2017 Earnings of $2.01 Per Share

Corporate Office Properties Trust (NYSE:OFC) – Equities researchers at KeyCorp issued their FY2017 earnings estimates for shares of Corporate Office Properties Trust in a report issued on Wednesday. KeyCorp analyst C. Mailman anticipates that the real estate investment trust will post earnings of $2.01 per share for the year. KeyCorp also issued estimates for Corporate Office Properties Trust’s Q4 2017 earnings at $0.54 EPS and Q1 2018 earnings at $0.50 EPS.

A number of other equities research analysts have also commented on OFC. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Jefferies Group upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $36.00 to $39.00 in a research report on Monday, September 25th. SunTrust Banks restated a “hold” rating and set a $34.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, October 27th. Finally, TheStreet upgraded Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.57.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $29.22 on Monday. Corporate Office Properties Trust has a 52-week low of $28.88 and a 52-week high of $36.03. The company has a market capitalization of $3,180.00, a PE ratio of 42.35 and a beta of 0.81. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $157.00 million for the quarter, compared to analyst estimates of $142.74 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 10.5% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.76%. Corporate Office Properties Trust’s payout ratio is 159.42%.

In other news, Director Lisa G. Trimberger purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $30.39 per share, with a total value of $91,170.00. Following the purchase, the director now owns 1,464 shares in the company, valued at $44,490.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul R. Adkins purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were purchased at an average cost of $29.06 per share, for a total transaction of $290,600.00. Following the completion of the purchase, the insider now owns 29,465 shares in the company, valued at approximately $856,252.90. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Cadence Capital Management LLC purchased a new stake in shares of Corporate Office Properties Trust in the second quarter worth approximately $204,000. Garner Asset Management Corp purchased a new stake in shares of Corporate Office Properties Trust in the second quarter worth approximately $246,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Corporate Office Properties Trust in the second quarter worth approximately $248,000. Riverhead Capital Management LLC raised its stake in shares of Corporate Office Properties Trust by 48.9% in the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,394 shares during the last quarter. Finally, GAM Holding AG raised its stake in shares of Corporate Office Properties Trust by 7.7% in the second quarter. GAM Holding AG now owns 8,331 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 598 shares during the last quarter.

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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.

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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