FY2017 EPS Estimates for Corporate Office Properties Trust (OFC) Boosted by Analyst

Corporate Office Properties Trust (NYSE:OFC) – Stock analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Corporate Office Properties Trust in a report issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $2.05 per share for the year, up from their previous estimate of $2.04. Jefferies Group currently has a “Buy” rating and a $39.00 price target on the stock. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.11 EPS.

Other research analysts have also issued reports about the company. BidaskClub upgraded Corporate Office Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Friday, August 25th. 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 report on Thursday, September 7th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $34.00 target price on shares of Corporate Office Properties Trust in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Corporate Office Properties Trust has a consensus rating of “Hold” and a consensus price target of $33.71.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at $29.80 on Tuesday. Corporate Office Properties Trust has a one year low of $28.62 and a one year high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $3,032.10, a PE ratio of 15.22 and a beta of 0.81.

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

The business also recently disclosed 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 is Thursday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.69%. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.

In related news, Director Lisa G. Trimberger acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the transaction, the director now directly owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OFC. Bank of New York Mellon Corp increased its holdings in shares of Corporate Office Properties Trust by 92.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,922,539 shares of the real estate investment trust’s stock worth $95,948,000 after buying an additional 1,403,775 shares during the last quarter. FMR LLC boosted its position in Corporate Office Properties Trust by 22.0% during the 2nd quarter. FMR LLC now owns 6,980,510 shares of the real estate investment trust’s stock worth $244,526,000 after purchasing an additional 1,259,741 shares during the period. Cohen & Steers Inc. boosted its position in Corporate Office Properties Trust by 8.8% during the 3rd quarter. Cohen & Steers Inc. now owns 10,607,729 shares of the real estate investment trust’s stock worth $348,252,000 after purchasing an additional 860,162 shares during the period. American Century Companies Inc. boosted its position in Corporate Office Properties Trust by 253.8% during the 2nd quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock worth $29,820,000 after purchasing an additional 610,641 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in Corporate Office Properties Trust by 52.3% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,629,058 shares of the real estate investment trust’s stock worth $53,482,000 after purchasing an additional 559,715 shares during the period.

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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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