Texas Permanent School Fund boosted its stake in Corporate Office Properties Trust (NYSE:OFC) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 72,597 shares of the real estate investment trust’s stock after buying an additional 1,157 shares during the period. Texas Permanent School Fund’s holdings in Corporate Office Properties Trust were worth $2,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position 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 valued at $337,374,000 after buying an additional 10,000,151 shares during the last quarter. FMR LLC boosted its position 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 valued at $189,357,000 after buying an additional 4,510,869 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Corporate Office Properties Trust by 674.8% in the first quarter. Wells Fargo & Company MN now owns 1,985,453 shares of the real estate investment trust’s stock valued at $65,719,000 after buying an additional 1,729,196 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 valued at $125,340,000 after buying an additional 1,477,416 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position 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 valued at $506,363,000 after buying an additional 729,574 shares during the last quarter.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 32.23 on Wednesday. The stock has a 50 day moving average of $34.57 and a 200-day moving average of $33.64. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 44.21 and a beta of 0.83. 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 data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business had revenue of $151.44 million during the quarter, compared to analyst estimates of $138.04 million. During the same period in the previous year, the firm earned $0.52 EPS. Corporate Office Properties Trust’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that Corporate Office Properties Trust will post $0.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Wednesday, June 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 150.68%.

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Several research analysts have commented on OFC shares. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 14th. BidaskClub cut shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Corporate Office Properties Trust in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.75.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,118 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $32.73, for a total transaction of $102,052.14. Following the completion of the transaction, the director now owns 2,508 shares of the company’s stock, valued at approximately $82,086.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven D. Kesler sold 3,637 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total value of $128,749.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,873 shares of company stock valued at $404,400. 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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