Bridgewater Wealth & Financial Management LLC lowered its position in Corporate Office Properties Trust (NYSE:OFC) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 22,665 shares of the real estate investment trust’s stock after selling 200 shares during the period. Bridgewater Wealth & Financial Management LLC’s holdings in Corporate Office Properties Trust were worth $794,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Corporate Office Properties Trust by 5.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,397 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 822 shares in the last quarter. Wells Fargo & Company MN increased its stake in 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 worth $65,719,000 after buying an additional 1,729,196 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Corporate Office Properties Trust by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,257 shares of the real estate investment trust’s stock worth $1,101,000 after buying an additional 500 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Corporate Office Properties Trust by 30.1% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 357,370 shares of the real estate investment trust’s stock worth $11,828,000 after buying an additional 82,706 shares in the last quarter. Finally, Breton Hill Capital Ltd. increased its stake in Corporate Office Properties Trust by 329.4% in the first quarter. Breton Hill Capital Ltd. now owns 37,061 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 28,430 shares in the last quarter.

Corporate Office Properties Trust (NYSE OFC) opened at 32.99 on Thursday. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The company has a 50-day moving average price of $33.89 and a 200-day moving average price of $33.69. The firm has a market cap of $3.27 billion, a P/E ratio of 45.25 and a beta of 0.83.

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, topping analysts’ consensus estimates 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 return on equity of 6.55% and a net margin of 15.86%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, equities research analysts forecast that Corporate Office Properties Trust will post $0.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.34%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 150.68%.

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A number of research firms have recently weighed in on OFC. BidaskClub raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Jefferies Group LLC reissued a “hold” rating and set a $36.00 target price on shares of Corporate Office Properties Trust in a report on Tuesday, July 4th. Mizuho downgraded Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Monday, July 10th. Stifel Nicolaus reissued a “hold” rating and set a $33.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 14th. Finally, ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus price target of $33.29.

In related news, Director Robert L. Denton sold 2,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was 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 approximately $10,163,195. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven D. Kesler sold 3,637 shares of the stock in a transaction dated 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. Insiders have sold a total of 8,755 shares of company stock worth $302,348 in the last three months. 0.60% of the stock is currently owned by insiders.

About Corporate Office Properties Trust

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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