$126.37 Million in Sales Expected for Corporate Office Properties Trust (OFC) This Quarter

Equities analysts predict that Corporate Office Properties Trust (NYSE:OFC) will report $126.37 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Corporate Office Properties Trust’s earnings, with estimates ranging from $123.59 million to $128.04 million. Corporate Office Properties Trust reported sales of $139.80 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The company is expected to issue its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full-year sales of $126.37 million for the current year, with estimates ranging from $500.04 million to $524.70 million. For the next financial year, analysts forecast that the company will report sales of $546.25 million per share, with estimates ranging from $502.67 million to $580.10 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). The firm had revenue of $164.57 million during the quarter, compared to the consensus estimate of $143.44 million. Corporate Office Properties Trust had a net margin of 11.44% and a return on equity of 4.82%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share.

Several analysts recently weighed in on OFC shares. Zacks Investment Research downgraded shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Mizuho reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Bank of America cut shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Corporate Office Properties Trust has a consensus rating of “Hold” and an average price target of $31.29.

In other news, Director Lisa G. Trimberger bought 3,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average cost of $30.39 per share, with a total value of $91,170.00. Following the completion of the transaction, the director now directly owns 1,464 shares in the company, valued at approximately $44,490.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Denton sold 8,500 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $25.98, for a total transaction of $220,830.00. Following the completion of the transaction, the director now directly owns 2,508 shares in the company, valued at $65,157.84. The disclosure for this sale can be found here. Over the last three months, insiders bought 16,000 shares of company stock worth $457,970. 0.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in OFC. Raymond James Financial Services Advisors Inc. purchased a new position in Corporate Office Properties Trust during the fourth quarter valued at approximately $237,000. HBK Investments L P purchased a new position in Corporate Office Properties Trust during the fourth quarter valued at approximately $242,000. Cubist Systematic Strategies LLC purchased a new position in Corporate Office Properties Trust during the second quarter valued at approximately $248,000. ARP Americas LP purchased a new position in Corporate Office Properties Trust during the fourth quarter valued at approximately $266,000. Finally, Jane Street Group LLC purchased a new position in Corporate Office Properties Trust during the fourth quarter valued at approximately $293,000.

Shares of Corporate Office Properties Trust (OFC) traded up $0.26 during trading hours on Thursday, reaching $25.92. 1,534,053 shares of the company traded hands, compared to its average volume of 1,024,140. The company has a market cap of $2,573.96, a P/E ratio of 45.47 and a beta of 0.68. Corporate Office Properties Trust has a 12-month low of $24.78 and a 12-month high of $36.03. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 1.81.

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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.

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

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