Mason Street Advisors LLC Sells 945 Shares of Corporate Office Properties Trust (NYSE:OFC)

Mason Street Advisors LLC lessened its stake in Corporate Office Properties Trust (NYSE:OFC) by 1.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 58,709 shares of the real estate investment trust’s stock after selling 945 shares during the period. Mason Street Advisors LLC’s holdings in Corporate Office Properties Trust were worth $1,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OFC. First Trust Advisors LP grew its position in shares of Corporate Office Properties Trust by 68.1% in the 1st quarter. First Trust Advisors LP now owns 79,957 shares of the real estate investment trust’s stock valued at $2,183,000 after buying an additional 32,402 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of Corporate Office Properties Trust by 1.4% in the 2nd quarter. Retirement Systems of Alabama now owns 145,566 shares of the real estate investment trust’s stock valued at $3,839,000 after buying an additional 2,030 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Corporate Office Properties Trust by 112.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,285 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 6,495 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Corporate Office Properties Trust by 8.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,630 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 3,530 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at about $668,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

In related news, CAO Greg J. Thor sold 2,507 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $29.11, for a total transaction of $72,978.77. Following the transaction, the chief accounting officer now directly owns 22,558 shares of the company’s stock, valued at approximately $656,663.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert L. Denton sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.18, for a total value of $58,360.00. Following the transaction, the director now directly owns 267,568 shares in the company, valued at $7,807,634.24. The disclosure for this sale can be found here. Insiders sold a total of 6,939 shares of company stock worth $203,399 over the last three months. 0.60% of the stock is owned by company insiders.

Shares of NYSE:OFC opened at $29.15 on Friday. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 3.17 and a beta of 0.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50-day moving average is $29.50 and its 200-day moving average is $28.49. Corporate Office Properties Trust has a 1 year low of $20.03 and a 1 year high of $30.27.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.31). The business had revenue of $159.43 million during the quarter, compared to analyst estimates of $154.65 million. Corporate Office Properties Trust had a net margin of 27.11% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. Analysts anticipate that Corporate Office Properties Trust will post 2.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, December 30th. Corporate Office Properties Trust’s dividend payout ratio is 54.73%.

A number of equities research analysts have commented on the company. Robert W. Baird set a $31.00 price target on Corporate Office Properties Trust and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. lowered Corporate Office Properties Trust from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Tuesday, October 8th. Stifel Nicolaus set a $30.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Citigroup boosted their price objective on Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $28.38.

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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