Pensionfund DSM Netherlands Maintains Stake in Corporate Office Properties Trust (OFC)

Pensionfund DSM Netherlands continued to hold its stake in Corporate Office Properties Trust (NYSE:OFC) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 49,000 shares of the real estate investment trust’s stock at the end of the first quarter. Pensionfund DSM Netherlands’ holdings in Corporate Office Properties Trust were worth $1,622,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Corporate Office Properties Trust by 323.8% in the third quarter. Principal Financial Group Inc. now owns 1,682,104 shares of the real estate investment trust’s stock valued at $47,687,000 after buying an additional 1,285,229 shares during the last quarter. FMR LLC purchased a new stake in Corporate Office Properties Trust during the fourth quarter worth $37,773,000. Norges Bank purchased a new stake in Corporate Office Properties Trust during the fourth quarter worth $30,131,000. JPMorgan Chase & Co. raised its stake in Corporate Office Properties Trust by 62.3% in the third quarter. JPMorgan Chase & Co. now owns 1,620,266 shares of the real estate investment trust’s stock worth $45,935,000 after buying an additional 621,890 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Corporate Office Properties Trust during the fourth quarter worth $18,768,000. 97.98% of the stock is owned by institutional investors.

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

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 33.73 on Friday. The company’s market capitalization is $3.31 billion. The company has a 50-day moving average of $33.52 and a 200 day moving average of $30.80. Corporate Office Properties Trust has a 12 month low of $24.92 and a 12 month high of $34.56.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, February 9th. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.29. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. The firm had revenue of $141.99 million for the quarter, compared to analyst estimates of $128.02 million. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts forecast that Corporate Office Properties Trust will post $0.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 29th. Corporate Office Properties Trust’s payout ratio is -2,749.31%.

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A number of equities research analysts recently weighed in on OFC shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 price target (up from $28.50) on shares of Corporate Office Properties Trust in a report on Friday, December 23rd. Mizuho reiterated a “buy” rating on shares of Corporate Office Properties Trust in a research note on Friday, December 23rd. Raymond James Financial, Inc. downgraded shares of Corporate Office Properties Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. SunTrust Banks, Inc. downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Thursday, January 19th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price objective on shares of Corporate Office Properties Trust in a research note on Tuesday, January 31st. One 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 stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.

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

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

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