Corporate Office Properties Trust (OFC) Expected to Post Earnings of $0.51 Per Share

Equities research analysts forecast that Corporate Office Properties Trust (NYSE:OFC) will report earnings per share (EPS) of $0.51 for the current quarter, according to Zacks. Six analysts have provided estimates for Corporate Office Properties Trust’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.52. Corporate Office Properties Trust posted earnings of $0.53 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.02. For the next year, analysts expect that the business will report earnings of $2.07 per share, with EPS estimates ranging from $2.03 to $2.12. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. The business had revenue of $137.41 million during the quarter, compared to analyst estimates of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%.

A number of brokerages have recently commented on OFC. Robert W. Baird reaffirmed a “hold” rating and set a $29.00 price objective on shares of Corporate Office Properties Trust in a research report on Wednesday, August 8th. Bank of America raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, August 7th. Mizuho reissued a “hold” rating and issued a $31.00 price target on shares of Corporate Office Properties Trust in a research report on Monday, August 6th. Wells Fargo & Co reissued a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.00.

A number of large investors have recently bought and sold shares of OFC. Qube Research & Technologies Ltd acquired a new position in Corporate Office Properties Trust in the second quarter worth about $123,000. Garner Asset Management Corp acquired a new position in Corporate Office Properties Trust in the second quarter worth about $204,000. Private Advisor Group LLC acquired a new position in Corporate Office Properties Trust in the third quarter worth about $210,000. Nissay Asset Management Corp Japan ADV acquired a new position in Corporate Office Properties Trust in the third quarter worth about $211,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Corporate Office Properties Trust in the third quarter worth about $234,000.

Shares of OFC traded down $0.09 during trading hours on Monday, reaching $26.18. 531,073 shares of the company traded hands, compared to its average volume of 821,295. The firm has a market capitalization of $2.74 billion, a P/E ratio of 12.90, a P/E/G ratio of 2.95 and a beta of 0.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.98 and a current ratio of 1.92. Corporate Office Properties Trust has a 1-year low of $24.55 and a 1-year high of $32.59.

About Corporate Office Properties Trust

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”).

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

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