Moors & Cabot Inc. Has $467,000 Position in Corporate Office Properties Trust (OFC)

Moors & Cabot Inc. continued to hold its stake in Corporate Office Properties Trust (NYSE:OFC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,177 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Moors & Cabot Inc.’s holdings in Corporate Office Properties Trust were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OFC. Cadence Capital Management LLC bought a new stake in Corporate Office Properties Trust during the 2nd quarter valued at $204,000. World Asset Management Inc raised its position in Corporate Office Properties Trust by 3.8% during the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 229 shares in the last quarter. Garner Asset Management Corp bought a new stake in Corporate Office Properties Trust during the 2nd quarter valued at $246,000. Cubist Systematic Strategies LLC bought a new stake in Corporate Office Properties Trust during the 2nd quarter valued at $248,000. Finally, Riverhead Capital Management LLC raised its position in Corporate Office Properties Trust by 48.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,394 shares in the last quarter.

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Shares of Corporate Office Properties Trust (OFC) traded up 0.27% on Wednesday, hitting $33.40. The stock had a trading volume of 40,306 shares. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 45.82 and a beta of 0.81. Corporate Office Properties Trust has a 12-month low of $24.92 and a 12-month high of $36.03. The stock has a 50 day moving average of $33.03 and a 200 day moving average of $33.66.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. Corporate Office Properties Trust’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. Equities analysts predict that Corporate Office Properties Trust will post $0.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 150.68%.

OFC has been the topic of a number of analyst reports. BidaskClub upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $39.00 in a report on Monday, September 25th. Capital One Financial Corporation downgraded Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.83.

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.

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

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