Corporate Office Properties Trust (OFC) Stake Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Corporate Office Properties Trust (NYSE:OFC) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,916 shares of the real estate investment trust’s stock after acquiring an additional 20,509 shares during the period. Daiwa Securities Group Inc. owned about 0.63% of Corporate Office Properties Trust worth $20,483,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Capstone Asset Management Co. grew its holdings in shares of Corporate Office Properties Trust by 1.0% in the second quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 80 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Corporate Office Properties Trust by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after purchasing an additional 98 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Corporate Office Properties Trust by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 137 shares during the last quarter. World Asset Management Inc lifted its stake in Corporate Office Properties Trust by 3.8% in the second 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 during the last quarter. Finally, Utah Retirement Systems lifted its stake in Corporate Office Properties Trust by 2.4% in the second quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 595 shares during the last quarter.

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Corporate Office Properties Trust (OFC) traded up $0.26 on Wednesday, reaching $32.64. The company had a trading volume of 137,065 shares, compared to its average volume of 758,157. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The company has a market capitalization of $3,230.00, a PE ratio of 16.23 and a beta of 0.84. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. equities research analysts predict that Corporate Office Properties Trust will post 2.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 159.42%.

Several equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, July 14th. Zacks Investment Research downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Capital One Financial Corporation downgraded Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 31st. Finally, ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.57.

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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