Corporate Office Properties Trust (OFC) To Go Ex-Dividend on December 28th

Corporate Office Properties Trust (NYSE:OFC) declared a quarterly dividend on Friday, November 10th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.275 per share by the real estate investment trust on Tuesday, January 16th. This represents a $1.10 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, December 28th.

Corporate Office Properties Trust has a payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Corporate Office Properties Trust to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 54.2%.

Corporate Office Properties Trust (OFC) opened at $29.22 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. Corporate Office Properties Trust has a 1-year low of $28.88 and a 1-year high of $36.03. The company has a market cap of $3,180.00, a PE ratio of 42.35 and a beta of 0.81.

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

In other news, insider Paul R. Adkins purchased 10,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were purchased at an average price 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 $856,252.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa G. Trimberger purchased 3,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was purchased at an average price of $30.39 per share, for a total transaction of $91,170.00. Following the transaction, the director now directly owns 1,464 shares in the company, valued at approximately $44,490.96. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

OFC has been the topic of a number of research analyst reports. Jefferies Group restated a “buy” rating and issued a $38.00 price target on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. Evercore ISI upgraded shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Mizuho restated a “hold” rating and issued a $32.00 price target on shares of Corporate Office Properties Trust in a research note on Friday, November 24th. Finally, Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus price target 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.

Dividend History for Corporate Office Properties Trust (NYSE:OFC)

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