Q4 2017 Earnings Estimate for Corporate Office Properties Trust (OFC) Issued By SunTrust Banks

Corporate Office Properties Trust (NYSE:OFC) – Analysts at SunTrust Banks decreased their Q4 2017 earnings per share estimates for Corporate Office Properties Trust in a research report issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.56. SunTrust Banks currently has a “Hold” rating and a $32.00 target price on the stock. SunTrust Banks also issued estimates for Corporate Office Properties Trust’s FY2021 earnings at $2.48 EPS.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, February 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.29. The firm had revenue of $141.99 million for the quarter, compared to the consensus estimate of $128.02 million. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS.

COPYRIGHT VIOLATION NOTICE: “Q4 2017 Earnings Estimate for Corporate Office Properties Trust (OFC) Issued By SunTrust Banks” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://sportsperspectives.com/2017/04/21/corporate-office-properties-trust-ofc-expected-to-earn-q4-2017-earnings-of-0-54-per-share-updated-updated.html.

Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

Several other equities research analysts have also issued reports on the stock. Evercore ISI reissued an “underperform” rating and set a $32.00 target price on shares of Corporate Office Properties Trust in a research note on Tuesday, March 28th. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC raised their price target on shares of Corporate Office Properties Trust from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, February 21st. Robert W. Baird lowered shares of Corporate Office Properties Trust from an “outperform” rating to a “neutral” rating and raised their price target for the company from $32.00 to $33.00 in a research note on Wednesday, February 15th. Finally, Mizuho raised their price target on shares of Corporate Office Properties Trust from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.50.

Corporate Office Properties Trust (NYSE:OFC) traded down 0.44% during trading on Thursday, hitting $33.58. The stock had a trading volume of 839,120 shares. The company’s 50 day moving average is $33.52 and its 200 day moving average is $30.80. The firm’s market cap is $3.30 billion. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $34.56.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 29th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is -2,749.31%.

In other Corporate Office Properties Trust news, CAO Greg J. Thor sold 3,555 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $34.02, for a total value of $120,941.10. Following the transaction, the chief accounting officer now directly owns 14,853 shares of the company’s stock, valued at approximately $505,299.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. Harvest Fund Management Co. Ltd acquired a new position in Corporate Office Properties Trust during the fourth quarter worth $106,000. Riverhead Capital Management LLC raised its position in Corporate Office Properties Trust by 256.5% in the third quarter. Riverhead Capital Management LLC now owns 6,000 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 4,317 shares during the period. LS Investment Advisors LLC raised its position in Corporate Office Properties Trust by 5.7% in the third quarter. LS Investment Advisors LLC now owns 6,009 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 324 shares during the period. Tower Research Capital LLC TRC raised its position in Corporate Office Properties Trust by 18.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,095 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 1,097 shares during the period. Finally, Cadence Capital Management LLC acquired a new position in Corporate Office Properties Trust during the fourth quarter worth $223,000. 97.98% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:OFC

Get a free copy of the Zacks research report on Corporate Office Properties Trust (OFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply