Corporate Office Properties Trust (NYSE:OFC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.02. Corporate Office Properties Trust also updated its Q1 guidance to $0.48-0.50 EPS.
Shares of Corporate Office Properties Trust (NYSE OFC) traded down $0.28 during mid-day trading on Thursday, reaching $25.74. 2,508,120 shares of the company’s stock were exchanged, compared to its average volume of 758,919. Corporate Office Properties Trust has a 1 year low of $25.09 and a 1 year high of $36.03. The company has a market capitalization of $2,565.93, a PE ratio of 37.94 and a beta of 0.68. 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 posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. analysts forecast that Corporate Office Properties Trust will post 2.03 EPS for the current year.
OFC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a hold rating to a sell rating in a report on Friday, November 10th. Jefferies Group reiterated a buy rating and issued a $38.00 target price on shares of Corporate Office Properties Trust in a report on Wednesday, December 6th. TheStreet upgraded shares of Corporate Office Properties Trust from a c rating to a b- rating in a report on Thursday, October 26th. Mizuho reiterated a hold rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a report on Friday, November 24th. Finally, ValuEngine lowered shares of Corporate Office Properties Trust from a buy rating to a hold rating in a report on Friday, February 2nd. Two 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. Corporate Office Properties Trust currently has a consensus rating of Hold and a consensus target price of $33.00.
In related news, Director Lisa G. Trimberger acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the completion of the acquisition, the director now directly owns 1,464 shares in the company, valued at approximately $44,490.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul R. Adkins acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were bought at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the completion of the acquisition, the insider now owns 29,465 shares of the company’s stock, valued at $856,252.90. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.
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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.
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