Brokerages predict that Corporate Office Properties Trust (NYSE:OFC) will announce sales of $127.40 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings, with the lowest sales estimate coming in at $123.60 million and the highest estimate coming in at $137.52 million. Corporate Office Properties Trust reported sales of $145.93 million during the same quarter last year, which indicates a negative year-over-year growth rate of 12.7%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, July 27th.

On average, analysts expect that Corporate Office Properties Trust will report full-year sales of $127.40 million for the current fiscal year, with estimates ranging from $506.71 million to $563.43 million. For the next fiscal year, analysts anticipate that the business will report sales of $542.41 million per share, with estimates ranging from $504.94 million to $590.13 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $139.80 million for the quarter, compared to analysts’ expectations of $135.16 million. Corporate Office Properties Trust had a net margin of 4.56% and a return on equity of 1.90%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share.

A number of research firms have weighed in on OFC. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Evercore ISI reaffirmed an “underperform” rating and issued a $32.00 price objective on shares of Corporate Office Properties Trust in a research note on Tuesday, March 28th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Corporate Office Properties Trust in a research note on Tuesday, May 30th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.88.

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In other news, Director Robert L. Denton sold 3,118 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $32.73, for a total value of $102,052.14. Following the completion of the sale, the director now owns 2,508 shares in the company, valued at $82,086.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven D. Kesler sold 3,637 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total transaction of $128,749.80. The disclosure for this sale can be found here. Insiders sold 11,873 shares of company stock worth $404,400 over the last ninety days. Insiders own 0.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. World Asset Management Inc purchased a new stake in shares of Corporate Office Properties Trust during the first quarter valued at approximately $201,000. Bailard Inc. purchased a new stake in shares of Corporate Office Properties Trust during the first quarter valued at approximately $202,000. LS Investment Advisors LLC increased its stake in shares of Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 97 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Corporate Office Properties Trust by 3.2% in the first quarter. Capstone Asset Management Co. now owns 8,365 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 260 shares in the last quarter. Finally, Princeton Alpha Management LP purchased a new stake in shares of Corporate Office Properties Trust during the first quarter valued at approximately $303,000. Institutional investors own 98.62% of the company’s stock.

Shares of Corporate Office Properties Trust (OFC) traded down 1.24% during trading on Thursday, hitting $35.01. 110,428 shares of the stock were exchanged. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The firm’s 50 day moving average price is $34.48 and its 200-day moving average price is $33.04. The stock has a market cap of $3.45 billion, a P/E ratio of 289.34 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, June 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 1,000.09%.

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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