Wall Street brokerages predict that Corporate Office Properties Trust (NYSE:OFC) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.50. Corporate Office Properties Trust also posted earnings of $0.51 per share during the same quarter last year. The firm is scheduled to issue its next earnings results after the market closes on Monday, July 29th.
On average, analysts expect that Corporate Office Properties Trust will report full-year earnings of $2.03 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.04. For the next financial year, analysts expect that the firm will post earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Corporate Office Properties Trust.
Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.31). The business had revenue of $148.94 million for the quarter, compared to analyst estimates of $150.89 million. Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share.
Shares of OFC stock traded down $0.53 during trading on Monday, reaching $26.67. 706,910 shares of the company’s stock were exchanged, compared to its average volume of 959,224. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $2.98 billion, a PE ratio of 13.27, a PEG ratio of 2.92 and a beta of 0.86. Corporate Office Properties Trust has a twelve month low of $20.03 and a twelve month high of $31.01. The business has a fifty day moving average price of $27.83.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Thursday, June 27th. Corporate Office Properties Trust’s dividend payout ratio is 54.73%.
In other Corporate Office Properties Trust news, Director David M. Jacobstein sold 3,458 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $28.13, for a total value of $97,273.54. Following the transaction, the director now directly owns 9,565 shares of the company’s stock, valued at approximately $269,063.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of OFC. FMR LLC grew its holdings in Corporate Office Properties Trust by 33.1% in the 1st quarter. FMR LLC now owns 12,463,394 shares of the real estate investment trust’s stock valued at $340,250,000 after buying an additional 3,096,607 shares in the last quarter. Norges Bank bought a new stake in shares of Corporate Office Properties Trust during the 4th quarter valued at $26,736,000. Principal Financial Group Inc. lifted its position in shares of Corporate Office Properties Trust by 75.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,863,792 shares of the real estate investment trust’s stock valued at $60,226,000 after acquiring an additional 1,231,957 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of Corporate Office Properties Trust during the 4th quarter valued at $20,512,000. Finally, Deutsche Bank AG lifted its position in shares of Corporate Office Properties Trust by 540.8% during the 4th quarter. Deutsche Bank AG now owns 570,562 shares of the real estate investment trust’s stock valued at $11,997,000 after acquiring an additional 481,527 shares during the period. 95.97% of the stock is currently owned by hedge funds and other institutional investors.
Corporate Office Properties Trust Company Profile
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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