Corporate Office Properties Trust (NYSE:OFC) – Analysts at Capital One Financial Corporation upped their Q4 2017 earnings per share estimates for shares of Corporate Office Properties Trust in a research report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will earn $0.55 per share for the quarter, up from their prior forecast of $0.54. Capital One Financial Corporation has a “Equal Weight” rating on the stock.

A number of other analysts also recently commented on the company. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Jefferies Group LLC raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $39.00 in a research note on Monday, September 25th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Finally, BidaskClub raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.83.

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Corporate Office Properties Trust (NYSE:OFC) opened at 33.37 on Thursday. The stock has a 50 day moving average price of $32.98 and a 200-day moving average price of $33.67. The stock has a market cap of $3.30 billion, a PE ratio of 45.78 and a beta of 0.81. Corporate Office Properties Trust has a 12 month low of $24.92 and a 12 month high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business had revenue of $151.44 million during the quarter, compared to analysts’ expectations of $138.04 million. During the same quarter last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Corporate Office Properties Trust by 1.2% during the second quarter. Vanguard Group Inc. now owns 15,482,529 shares of the real estate investment trust’s stock worth $542,353,000 after purchasing an additional 184,535 shares during the period. BlackRock Inc. raised its position in shares of Corporate Office Properties Trust by 4.4% during the second quarter. BlackRock Inc. now owns 10,639,831 shares of the real estate investment trust’s stock worth $372,714,000 after purchasing an additional 447,228 shares during the period. FMR LLC raised its position in shares of Corporate Office Properties Trust by 22.0% during the second 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. State Street Corp raised its position in shares of Corporate Office Properties Trust by 9.4% during the first quarter. State Street Corp now owns 4,397,989 shares of the real estate investment trust’s stock worth $145,575,000 after purchasing an additional 376,490 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Corporate Office Properties Trust by 13.8% during the second quarter. Wells Fargo & Company MN now owns 2,259,191 shares of the real estate investment trust’s stock worth $79,140,000 after purchasing an additional 273,738 shares during the period.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 150.68%.

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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