Corporate Office Properties Trust (OFC) Position Lowered by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL cut its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 9.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,285 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. Gofen & Glossberg LLC IL’s holdings in Corporate Office Properties Trust were worth $1,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Glen Harbor Capital Management LLC lifted its holdings in Corporate Office Properties Trust by 18.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 11,418 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 1,738 shares in the last quarter. Rhumbline Advisers lifted its holdings in Corporate Office Properties Trust by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 203,371 shares of the real estate investment trust’s stock valued at $5,896,000 after buying an additional 1,831 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Corporate Office Properties Trust by 5.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 39,345 shares of the real estate investment trust’s stock valued at $1,141,000 after buying an additional 2,038 shares in the last quarter. Arizona State Retirement System lifted its holdings in Corporate Office Properties Trust by 3.5% during the 2nd quarter. Arizona State Retirement System now owns 70,916 shares of the real estate investment trust’s stock valued at $2,056,000 after buying an additional 2,419 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its holdings in Corporate Office Properties Trust by 18.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 17,646 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 2,686 shares in the last quarter.

In other news, Director David M. Jacobstein sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $30.64, for a total value of $76,600.00. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $293,868.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert L. Denton sold 3,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $29.97, for a total transaction of $89,910.00. Following the completion of the sale, the director now owns 3,458 shares of the company’s stock, valued at approximately $103,636.26. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

NYSE:OFC opened at $27.40 on Friday. Corporate Office Properties Trust has a one year low of $24.55 and a one year high of $33.81. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $3.08 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 4.25 and a beta of 0.63.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Corporate Office Properties Trust had a net margin of 10.81% and a return on equity of 4.52%. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $155.10 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Research analysts forecast that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 4.01%. Corporate Office Properties Trust’s dividend payout ratio is currently 54.19%.

OFC has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “$28.83” rating on shares of Corporate Office Properties Trust in a report on Wednesday, July 18th. Mizuho reiterated a “hold” rating and set a $31.00 price objective on shares of Corporate Office Properties Trust in a report on Monday, August 6th. Wells Fargo & Co reiterated a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, August 15th. Robert W. Baird reiterated a “hold” rating and set a $29.00 price objective on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.11.

About Corporate Office Properties Trust

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).

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Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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