Strs Ohio reduced its stake in Corporate Office Properties Trust (NYSE:OFC) by 12.6% during the second quarter, Holdings Channel reports. The fund owned 1,797,773 shares of the real estate investment trust’s stock after selling 258,596 shares during the period. Strs Ohio’s holdings in Corporate Office Properties Trust were worth $53,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Japan Co. Ltd raised its position in shares of Corporate Office Properties Trust by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 5,006 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 62 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Corporate Office Properties Trust by 290.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,452 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 4,055 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Corporate Office Properties Trust by 75.7% in the second quarter. LS Investment Advisors LLC now owns 5,685 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,450 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at $215,000. Finally, Capstone Asset Management Co. acquired a new position in shares of Corporate Office Properties Trust during the second quarter valued at $220,000. Institutional investors own 98.39% of the company’s stock.

Shares of Corporate Office Properties Trust (NYSE:OFC) traded up 0.84% during mid-day trading on Wednesday, hitting $27.72. The stock had a trading volume of 989,273 shares. The stock has a market cap of $2.61 billion, a P/E ratio of 27.89 and a beta of 1.02. The company’s 50 day moving average price is $28.61 and its 200 day moving average price is $27.55. Corporate Office Properties Trust has a 12-month low of $19.52 and a 12-month high of $30.55.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Corporate Office Properties Trust had a return on equity of 7.92% and a net margin of 18.58%. The company had revenue of $145.93 million for the quarter, compared to analyst estimates of $116.93 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. Equities research analysts predict that Corporate Office Properties Trust will post $2.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.97%. Corporate Office Properties Trust’s dividend payout ratio is currently 111.11%.

Several brokerages recently weighed in on OFC. BTIG Research began coverage on Corporate Office Properties Trust in a research report on Thursday, August 25th. They issued a “buy” rating and a $33.00 price objective for the company. KeyCorp lowered Corporate Office Properties Trust to a “hold” rating in a research report on Friday, July 15th. Jefferies Group restated a “hold” rating and set a $27.00 price target on shares of Corporate Office Properties Trust in a research report on Friday, July 29th. JPMorgan Chase & Co. raised their price target on Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, August 15th. Finally, Mizuho raised their price target on Corporate Office Properties Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.25.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $29.49, for a total value of $58,980.00. Following the completion of the transaction, the director now directly owns 306,500 shares in the company, valued at approximately $9,038,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David M. Jacobstein sold 1,924 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $28.36, for a total value of $54,564.64. Following the completion of the transaction, the director now owns 9,243 shares of the company’s stock, valued at $262,131.48. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

5 Day Chart for NYSE:OFC

Want to see what other hedge funds are holding OFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corporate Office Properties Trust (NYSE:OFC).

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.