Strs Ohio lowered its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 10.6% during the second quarter, Holdings Channel reports. The fund owned 128,356 shares of the real estate investment trust’s stock after selling 15,147 shares during the period. Strs Ohio’s holdings in Corporate Office Properties Trust were worth $4,496,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Corporate Office Properties Trust by 5.0% in the first quarter. Vanguard Group Inc. now owns 15,297,994 shares of the real estate investment trust’s stock worth $506,363,000 after buying an additional 729,574 shares during the last quarter. BlackRock Inc. raised its stake in shares of Corporate Office Properties Trust by 5,196.2% in the first quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock worth $337,374,000 after buying an additional 10,000,151 shares during the last quarter. FMR LLC raised its stake in shares of Corporate Office Properties Trust by 372.8% in the first quarter. FMR LLC now owns 5,720,769 shares of the real estate investment trust’s stock worth $189,357,000 after buying an additional 4,510,869 shares during the last quarter. State Street Corp raised its stake in shares of Corporate Office Properties Trust by 9.4% in the first quarter. State Street Corp now owns 4,397,989 shares of the real estate investment trust’s stock worth $145,575,000 after buying an additional 376,490 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Corporate Office Properties Trust by 64.0% in the first quarter. JPMorgan Chase & Co. now owns 3,786,671 shares of the real estate investment trust’s stock worth $125,340,000 after buying an additional 1,477,416 shares during the last quarter.

Corporate Office Properties Trust (OFC) opened at 32.48 on Monday. The stock has a market cap of $3.22 billion, a P/E ratio of 44.55 and a beta of 0.83. The firm’s 50-day moving average is $34.84 and its 200-day moving average is $33.66. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities research analysts predict that Corporate Office Properties Trust will post $0.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.39%. Corporate Office Properties Trust’s dividend payout ratio is presently 150.68%.

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OFC has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “neutral” rating and set a $36.00 price objective (up previously from $32.00) on shares of Corporate Office Properties Trust in a report on Tuesday, May 30th. BidaskClub lowered shares of Corporate Office Properties Trust from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Capital One Financial Corporation lowered shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus price target of $32.75.

In other news, Director Robert L. Denton sold 2,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $34.51, for a total transaction of $69,020.00. Following the sale, the director now owns 294,500 shares of the company’s stock, valued at $10,163,195. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David M. Jacobstein sold 3,118 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $33.54, for a total transaction of $104,577.72. Following the sale, the director now directly owns 8,633 shares in the company, valued at approximately $289,550.82. The disclosure for this sale can be found here. Insiders have sold 11,873 shares of company stock worth $404,400 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Corporate Office Properties Trust Company Profile

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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Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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