Corporate Office Properties Trust (NYSE:OFC) announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01, Bloomberg Earnings reports. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The business had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $142.74 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Corporate Office Properties Trust updated its Q4 guidance to $0.53-0.55 EPS.
Shares of Corporate Office Properties Trust (NYSE OFC) traded up $0.04 during trading hours on Friday, reaching $32.37. The company’s stock had a trading volume of 547,689 shares, compared to its average volume of 979,830. The company has a market cap of $3,220.36, a P/E ratio of 16.17 and a beta of 0.84. 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 has a 52-week low of $27.16 and a 52-week high of $36.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.275 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.40%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 159.42%.
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Several equities analysts have issued reports on OFC shares. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price target on shares of Corporate Office Properties Trust in a research note on Friday, July 14th. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, SunTrust Banks, Inc. reaffirmed 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. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.57.
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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