Analysts expect Corporate Office Properties Trust (NYSE:OFC) to post $132.52 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Corporate Office Properties Trust’s earnings, with estimates ranging from $127.20 million to $143.59 million. Corporate Office Properties Trust reported sales of $141.99 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The firm is expected to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Corporate Office Properties Trust will report full year sales of $132.52 million for the current financial year, with estimates ranging from $509.22 million to $577.29 million. For the next year, analysts forecast that the business will post sales of $543.72 million per share, with estimates ranging from $521.74 million to $576.18 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $157.00 million during the quarter, compared to analyst estimates of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS.

Several research firms have recently weighed in on OFC. TheStreet upgraded shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a report on Thursday, October 26th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $34.00 price target on shares of Corporate Office Properties Trust in a report on Friday. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Jefferies Group LLC upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $36.00 to $39.00 in a report on Monday, September 25th. Finally, ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.57.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Cadence Capital Management LLC acquired a new position in Corporate Office Properties Trust during the second quarter worth $204,000. World Asset Management Inc lifted its stake in Corporate Office Properties Trust by 3.8% in the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 229 shares during the last quarter. Garner Asset Management Corp acquired a new stake in Corporate Office Properties Trust in the second quarter valued at $246,000. Cubist Systematic Strategies LLC acquired a new stake in Corporate Office Properties Trust in the second quarter valued at $248,000. Finally, Riverhead Capital Management LLC lifted its stake in Corporate Office Properties Trust by 48.9% in the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 2,394 shares during the last quarter.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at 31.95 on Tuesday. The firm’s 50 day moving average is $32.67 and its 200-day moving average is $33.54. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 43.83 and a beta of 0.81. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

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.

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

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