Corporate Office Properties Trust (NYSE:OFC) Director Steven D. Kesler sold 3,637 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total transaction of $128,749.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down 0.56% during mid-day trading on Wednesday, reaching $35.38. 353,796 shares of the company were exchanged. The firm’s 50-day moving average is $34.01 and its 200-day moving average is $32.78. Corporate Office Properties Trust has a 12 month low of $24.92 and a 12 month high of $36.03. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 292.40 and a beta of 0.88.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $139.80 million for the quarter, compared to the consensus estimate of $135.16 million. Corporate Office Properties Trust had a net margin of 4.56% and a return on equity of 1.90%. Corporate Office Properties Trust’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. On average, equities analysts forecast that Corporate Office Properties Trust will post $0.81 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.11%. Corporate Office Properties Trust’s dividend payout ratio is currently 1,000.09%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. Cadence Capital Management LLC purchased a new position in Corporate Office Properties Trust during the fourth quarter worth about $223,000. FMR LLC purchased a new position in Corporate Office Properties Trust during the fourth quarter worth about $37,773,000. Elkfork Partners LLC purchased a new position in Corporate Office Properties Trust during the fourth quarter worth about $299,000. Credit Agricole S A raised its position in Corporate Office Properties Trust by 66.6% in the fourth quarter. Credit Agricole S A now owns 76,330 shares of the real estate investment trust’s stock worth $2,383,000 after buying an additional 30,527 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Corporate Office Properties Trust by 253.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,845 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 17,098 shares during the last quarter. Institutional investors and hedge funds own 98.62% of the company’s stock.

Several brokerages have recently issued reports on OFC. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reissued a “neutral” rating and set a $36.00 price objective (up from $32.00) on shares of Corporate Office Properties Trust in a research note on Tuesday, May 30th. BidaskClub raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Evercore ISI cut shares of Corporate Office Properties Trust from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.88.

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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