Corporate Office Properties Trust (OFC) Expected to Post Earnings of $0.51 Per Share

Equities research analysts forecast that Corporate Office Properties Trust (NYSE:OFC) will announce $0.51 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Corporate Office Properties Trust’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.52. Corporate Office Properties Trust reported earnings of $0.53 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The company is expected to report its next quarterly earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.02. For the next year, analysts expect that the firm will report earnings of $2.07 per share, with EPS estimates ranging from $2.03 to $2.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. The business had revenue of $137.41 million for the quarter, compared to analyst estimates of $129.45 million.

Several research firms recently weighed in on OFC. Robert W. Baird reissued a “hold” rating and set a $29.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, August 8th. Bank of America raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, August 7th. Mizuho reaffirmed a “hold” rating and issued a $31.00 price target on shares of Corporate Office Properties Trust in a research note on Monday, August 6th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.00.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $29.97, for a total value of $89,910.00. Following the transaction, the director now owns 3,458 shares of the company’s stock, valued at $103,636.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OFC. Guggenheim Capital LLC lifted its stake in Corporate Office Properties Trust by 9.8% in the first quarter. Guggenheim Capital LLC now owns 39,500 shares of the real estate investment trust’s stock valued at $1,020,000 after buying an additional 3,527 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Corporate Office Properties Trust by 60.4% in the first quarter. Xact Kapitalforvaltning AB now owns 14,081 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 5,300 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Corporate Office Properties Trust in the first quarter valued at approximately $254,000. Principal Financial Group Inc. raised its holdings in shares of Corporate Office Properties Trust by 2.0% in the first quarter. Principal Financial Group Inc. now owns 1,526,874 shares of the real estate investment trust’s stock valued at $39,438,000 after purchasing an additional 29,988 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Corporate Office Properties Trust by 54.7% in the first quarter. Allianz Asset Management GmbH now owns 309,314 shares of the real estate investment trust’s stock valued at $7,990,000 after purchasing an additional 109,314 shares during the last quarter.

Corporate Office Properties Trust stock traded down $0.08 during midday trading on Monday, hitting $26.50. 122,502 shares of the stock were exchanged, compared to its average volume of 820,270. Corporate Office Properties Trust has a 52 week low of $24.55 and a 52 week high of $32.70. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.92 and a beta of 0.75. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.92 and a quick ratio of 1.98.

Corporate Office Properties Trust Company Profile

COPT is a 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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Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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