FY2017 EPS Estimates for Corporate Office Properties Trust (OFC) Decreased by SunTrust Banks

Corporate Office Properties Trust (NYSE:OFC) – Research analysts at SunTrust Banks dropped their FY2017 EPS estimates for shares of Corporate Office Properties Trust in a report issued on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings per share of $2.02 for the year, down from their prior estimate of $2.03. SunTrust Banks currently has a “Hold” rating and a $30.00 target price on the stock. SunTrust Banks also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.00 EPS.

Several other analysts also recently issued reports on OFC. Jefferies Group raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a report on Monday, September 25th. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Mizuho reaffirmed a “hold” rating and set a $32.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, November 24th. Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Finally, Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.00.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $27.81 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $2,751.20, a price-to-earnings ratio of 40.30 and a beta of 0.81. Corporate Office Properties Trust has a 1-year low of $27.10 and a 1-year high of $36.03.

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, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. Corporate Office Properties Trust’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS.

Institutional investors have recently modified their holdings of the business. Garner Asset Management Corp bought a new stake in Corporate Office Properties Trust in the 2nd quarter valued at $246,000. Cubist Systematic Strategies LLC bought a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $248,000. Riverhead Capital Management LLC lifted its holdings in shares of Corporate Office Properties Trust by 48.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,394 shares during the period. Shelton Capital Management bought a new position in shares of Corporate Office Properties Trust during the 2nd quarter worth about $293,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Corporate Office Properties Trust during the 3rd quarter worth about $314,000.

In related news, Director Lisa G. Trimberger purchased 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $30.39 per share, with a total value of $91,170.00. Following the acquisition, the director now directly owns 1,464 shares in the company, valued at $44,490.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul R. Adkins purchased 10,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, December 21st. The stock was bought at an average cost of $29.06 per share, with a total value of $290,600.00. Following the completion of the acquisition, the insider now owns 29,465 shares in the company, valued at $856,252.90. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Thursday, December 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 159.42%.

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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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