Equities analysts forecast that Corporate Office Properties Trust (NYSE:OFC) will announce $0.52 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. Corporate Office Properties Trust reported earnings per share of $0.25 in the same quarter last year, which would indicate a positive year-over-year growth rate of 108%. The business is scheduled to announce its next earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full-year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.04. For the next fiscal year, analysts anticipate that the business will report earnings of $2.14 per share, with EPS estimates ranging from $2.12 to $2.17. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS.

OFC has been the topic of a number of recent research reports. KeyCorp reissued a “hold” rating on shares of Corporate Office Properties Trust in a research note on Friday, August 25th. Jefferies Group LLC raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $39.00 in a research note on Monday, September 25th. BidaskClub raised Corporate Office Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Capital One Financial Corporation lowered Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.83.

Several institutional investors have recently bought and sold shares of OFC. BlackRock Inc. lifted its stake in shares of Corporate Office Properties Trust by 5,196.2% in the first quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock worth $337,374,000 after acquiring an additional 10,000,151 shares during the period. FMR LLC lifted its stake in shares of Corporate Office Properties Trust by 372.8% in the first quarter. FMR LLC now owns 5,720,769 shares of the real estate investment trust’s stock worth $189,357,000 after acquiring an additional 4,510,869 shares during the period. Vanguard Group Inc. lifted its stake in shares of Corporate Office Properties Trust by 5.0% in the first quarter. Vanguard Group Inc. now owns 15,297,994 shares of the real estate investment trust’s stock worth $506,363,000 after acquiring an additional 729,574 shares during the period. American Century Companies Inc. lifted its stake in shares of Corporate Office Properties Trust by 253.8% in the second quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock worth $29,820,000 after acquiring an additional 610,641 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Corporate Office Properties Trust by 73.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,240,830 shares of the real estate investment trust’s stock worth $41,072,000 after acquiring an additional 523,929 shares during the period.

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Shares of Corporate Office Properties Trust (OFC) traded up 0.03% on Tuesday, reaching $33.31. 225,227 shares of the company traded hands. The company has a market capitalization of $3.30 billion, a P/E ratio of 45.69 and a beta of 0.81. The firm’s 50 day moving average is $33.03 and its 200 day moving average is $33.66. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio is currently 150.68%.

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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