Squarepoint Ops LLC Has $5.04 Million Stock Holdings in Corporate Office Properties Trust (NYSE:OFC)

Squarepoint Ops LLC increased its holdings in Corporate Office Properties Trust (NYSE:OFC) by 12.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,273 shares of the real estate investment trust’s stock after purchasing an additional 18,725 shares during the period. Squarepoint Ops LLC owned approximately 0.15% of Corporate Office Properties Trust worth $5,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. V3 Capital Management L.P. grew its stake in shares of Corporate Office Properties Trust by 1.0% in the 3rd quarter. V3 Capital Management L.P. now owns 811,050 shares of the real estate investment trust’s stock valued at $24,153,000 after purchasing an additional 8,400 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Corporate Office Properties Trust during the 3rd quarter worth approximately $575,000. Point72 Asset Management L.P. boosted its stake in Corporate Office Properties Trust by 93.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,100 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 1,500 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Corporate Office Properties Trust by 3.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 325,739 shares of the real estate investment trust’s stock valued at $9,701,000 after buying an additional 11,632 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Corporate Office Properties Trust by 0.3% in the 3rd quarter. California State Teachers Retirement System now owns 178,478 shares of the real estate investment trust’s stock valued at $5,315,000 after buying an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

NYSE:OFC opened at $28.96 on Wednesday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 3.19 and a beta of 0.83. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. Corporate Office Properties Trust has a 1 year low of $20.03 and a 1 year high of $30.27. The firm has a 50 day moving average of $29.36 and a 200-day moving average of $28.59.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). Corporate Office Properties Trust had a return on equity of 10.07% and a net margin of 27.11%. The business had revenue of $159.43 million for the quarter, compared to the consensus estimate of $154.65 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, analysts forecast that Corporate Office Properties Trust will post 2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, December 30th. Corporate Office Properties Trust’s payout ratio is presently 54.73%.

Several research analysts have issued reports on OFC shares. Robert W. Baird set a $31.00 price objective on Corporate Office Properties Trust and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered shares of Corporate Office Properties Trust from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Tuesday, October 8th. Finally, ValuEngine lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Corporate Office Properties Trust has an average rating of “Hold” and a consensus target price of $28.57.

In other news, Director Robert L. Denton sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $29.18, for a total transaction of $58,360.00. Following the transaction, the director now directly owns 267,568 shares in the company, valued at $7,807,634.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Denton sold 2,432 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $29.63, for a total transaction of $72,060.16. Following the sale, the director now directly owns 269,568 shares in the company, valued at $7,987,299.84. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

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

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