Corporate Office Properties Trust (NYSE:OFC) is scheduled to be announcing its earnings results after the market closes on Thursday, April 26th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Corporate Office Properties Trust has set its Q1 guidance at $0.48-0.50 EPS and its FY18 guidance at $1.95-2.05 EPS.
Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. During the same period in the prior year, the firm posted $0.51 EPS. Corporate Office Properties Trust’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect Corporate Office Properties Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
OFC opened at $26.68 on Tuesday. Corporate Office Properties Trust has a 52 week low of $24.55 and a 52 week high of $36.03. The firm has a market cap of $2,714.40, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 7.81 and a beta of 0.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81.
OFC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. SunTrust Banks set a $30.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Monday, January 22nd. ValuEngine lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Robert W. Baird set a $28.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Mizuho set a $26.00 price target on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.50.
In related news, Director Lisa G. Trimberger acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $25.40 per share, with a total value of $76,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert L. Denton sold 8,500 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $25.98, for a total transaction of $220,830.00. Following the completion of the sale, the director now directly owns 2,508 shares in the company, valued at $65,157.84. The disclosure for this sale can be found here. Insiders bought a total of 5,400 shares of company stock valued at $138,944 in the last three months. 0.60% of the stock is owned by company insiders.
About Corporate Office Properties Trust
COPT is an office REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).
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