Magnetar Financial LLC Purchases Shares of 18,524 Corporate Office Properties Trust (OFC)

Magnetar Financial LLC purchased a new position in Corporate Office Properties Trust (NYSE:OFC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,524 shares of the real estate investment trust’s stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Corporate Office Properties Trust by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock worth $508,000 after acquiring an additional 98 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Corporate Office Properties Trust by 0.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock worth $898,000 after acquiring an additional 137 shares during the last quarter. World Asset Management Inc raised its holdings in Corporate Office Properties Trust by 3.8% in the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 229 shares during the last quarter. Utah Retirement Systems raised its holdings in Corporate Office Properties Trust by 2.4% in the 2nd quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock worth $881,000 after acquiring an additional 595 shares during the last quarter. Finally, GAM Holding AG raised its holdings in Corporate Office Properties Trust by 7.7% in the 2nd quarter. GAM Holding AG now owns 8,331 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 598 shares during the last quarter.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger acquired 3,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was purchased at an average price of $30.39 per share, with a total value of $91,170.00. Following the transaction, the director now directly owns 1,464 shares in the company, valued at approximately $44,490.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down $0.08 on Wednesday, reaching $30.02. 954,600 shares of the company’s stock were exchanged, compared to its average volume of 791,620. The stock has a market cap of $2,998.23, a price-to-earnings ratio of 15.05 and a beta of 0.81. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.53 and a current ratio of 1.53. Corporate Office Properties Trust has a 1-year low of $29.03 and a 1-year high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results 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 business had revenue of $157.00 million during the quarter, compared to analyst estimates of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. research analysts expect that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.66%. Corporate Office Properties Trust’s dividend payout ratio is presently 159.42%.

OFC has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. KeyCorp restated a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Jefferies Group upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $39.00 in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.57.

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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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