State of Wisconsin Investment Board Boosts Position in Corporate Office Properties Trust (OFC)

State of Wisconsin Investment Board boosted its stake in Corporate Office Properties Trust (NYSE:OFC) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,844 shares of the real estate investment trust’s stock after purchasing an additional 980 shares during the period. State of Wisconsin Investment Board’s holdings in Corporate Office Properties Trust were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Corporate Office Properties Trust by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 15,297,994 shares of the real estate investment trust’s stock valued at $506,363,000 after purchasing an additional 729,574 shares during the last quarter. BlackRock Inc. increased its holdings in Corporate Office Properties Trust by 5,196.2% in the 1st quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock valued at $337,374,000 after purchasing an additional 10,000,151 shares during the last quarter. FMR LLC increased its holdings in Corporate Office Properties Trust by 372.8% in the 1st quarter. FMR LLC now owns 5,720,769 shares of the real estate investment trust’s stock valued at $189,357,000 after purchasing an additional 4,510,869 shares during the last quarter. State Street Corp increased its holdings in Corporate Office Properties Trust by 9.4% in the 1st quarter. State Street Corp now owns 4,397,989 shares of the real estate investment trust’s stock valued at $145,575,000 after purchasing an additional 376,490 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Corporate Office Properties Trust by 64.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,786,671 shares of the real estate investment trust’s stock valued at $125,340,000 after purchasing an additional 1,477,416 shares during the last quarter.

OFC has been the subject of several research reports. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Group LLC reiterated a “neutral” rating and issued a $36.00 target price (up previously from $32.00) on shares of Corporate Office Properties Trust in a report on Tuesday, May 30th. BidaskClub downgraded shares of Corporate Office Properties Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Capital One Financial Corporation downgraded shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus target price of $33.33.

Corporate Office Properties Trust (OFC) opened at 33.00 on Monday. The stock has a market cap of $3.27 billion, a PE ratio of 45.27 and a beta of 0.84. Corporate Office Properties Trust has a 12 month low of $24.92 and a 12 month high of $36.03. The firm has a 50-day moving average of $33.09 and a 200 day moving average of $33.76.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The company had revenue of $151.44 million during the quarter, compared to analyst estimates of $138.04 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Corporate Office Properties Trust will post $0.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s payout ratio is currently 150.68%.

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In other news, Director Steven D. Kesler sold 3,637 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $128,749.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

About Corporate Office Properties Trust

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.

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

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