Wall Street brokerages predict that Corporate Office Properties Trust (NYSE:OFC) will report $131.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Corporate Office Properties Trust’s earnings. The highest sales estimate is $143.59 million and the lowest is $126.31 million. Corporate Office Properties Trust posted sales of $141.99 million during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The firm is scheduled to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full-year sales of $131.00 million for the current year, with estimates ranging from $506.90 million to $577.29 million. For the next year, analysts expect that the company will post sales of $534.31 million per share, with estimates ranging from $517.30 million to $576.18 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data 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 for 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 business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share.

A number of equities research analysts have issued reports on OFC shares. Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Mizuho reissued a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, November 1st. TheStreet upgraded Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, October 27th. Finally, Jefferies Group LLC raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $39.00 in a report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus price target of $34.57.

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A number of institutional investors have recently modified their holdings of OFC. Capstone Asset Management Co. boosted its holdings in shares of Corporate Office Properties Trust by 1.0% during the 2nd quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 80 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Corporate Office Properties Trust by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 98 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Corporate Office Properties Trust by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock worth $898,000 after acquiring an additional 137 shares during the period. World Asset Management Inc increased its position in shares of Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 229 shares during the period. Finally, Utah Retirement Systems increased its position in shares of Corporate Office Properties Trust by 2.4% during the second quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock worth $881,000 after acquiring an additional 595 shares during the period.

Corporate Office Properties Trust (NYSE:OFC) traded down $0.12 during mid-day trading on Tuesday, reaching $30.87. 987,600 shares of the company traded hands, compared to its average volume of 776,905. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. Corporate Office Properties Trust has a 1-year low of $27.98 and a 1-year high of $36.03. The firm has a market capitalization of $3,090.00, a P/E ratio of 15.49 and a beta of 0.84.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.56%. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.

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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