JPMorgan Chase & Co. raised its stake in Corporate Office Properties Trust (NYSE:OFC) by 213.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 998,376 shares of the real estate investment trust’s stock after buying an additional 680,042 shares during the period. JPMorgan Chase & Co. owned 1.06% of Corporate Office Properties Trust worth $29,523,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Corporate Office Properties Trust by 30.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,836,267 shares of the real estate investment trust’s stock valued at $100,663,000 after buying an additional 902,059 shares during the last quarter. State Street Corp increased its stake in shares of Corporate Office Properties Trust by 1.7% in the first quarter. State Street Corp now owns 3,732,867 shares of the real estate investment trust’s stock valued at $97,947,000 after buying an additional 64,101 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Corporate Office Properties Trust by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 2,806,211 shares of the real estate investment trust’s stock valued at $82,979,000 after buying an additional 296,346 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Corporate Office Properties Trust during the first quarter valued at $50,033,000. Finally, Heitman Real Estate Securities LLC purchased a new stake in shares of Corporate Office Properties Trust during the first quarter valued at $23,378,000. 98.39% of the stock is currently owned by institutional investors.

Corporate Office Properties Trust (NYSE:OFC) traded down 0.15% during trading on Wednesday, hitting $27.45. 268,576 shares of the stock were exchanged. The firm has a market cap of $2.59 billion, a PE ratio of 27.62 and a beta of 1.02. The stock’s 50-day moving average price is $28.67 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 announced its earnings results on Friday, July 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.14. The company earned $145.93 million during the quarter, compared to the consensus estimate of $116.93 million. Corporate Office Properties Trust had a net margin of 18.58% and a return on equity of 7.92%. The business’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, equities analysts expect that Corporate Office Properties Trust will post $2.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.00%. Corporate Office Properties Trust’s dividend payout ratio is presently 111.11%.

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

In other news, Director David M. Jacobstein sold 1,924 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $28.36, for a total transaction of $54,564.64. Following the completion of the transaction, the director now owns 9,243 shares in the company, valued at approximately $262,131.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Denton sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $29.49, for a total transaction of $58,980.00. Following the transaction, the director now owns 306,500 shares of the company’s stock, valued at approximately $9,038,685. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

About Corporate Office Properties Trust

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.

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