Analysts expect that Corporate Office Properties Trust (NYSE:OFC) will report earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.53. Corporate Office Properties Trust reported earnings of $0.25 per share in the same quarter last year, which would suggest a positive year over year growth rate of 108%. The firm is scheduled to announce its next earnings results on Thursday, October 26th.

On average, analysts expect that Corporate Office Properties Trust will report full-year earnings of $2.03 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.04. For the next fiscal year, analysts forecast that the business will report earnings of $2.14 per share, with EPS estimates ranging from $2.12 to $2.17. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the 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 company had revenue of $151.44 million during the quarter, compared to analysts’ expectations of $138.04 million. During the same period in the prior year, the business earned $0.52 earnings per share. Corporate Office Properties Trust’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Several equities research analysts have issued reports on OFC shares. Jefferies Group LLC reaffirmed a “neutral” rating and set a $36.00 price target (up previously from $32.00) on shares of Corporate Office Properties Trust in a research note on Tuesday, May 30th. ValuEngine raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Mizuho lowered Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.33.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cadence Capital Management LLC purchased a new position in shares of Corporate Office Properties Trust in the second quarter worth about $204,000. World Asset Management Inc purchased a new position in shares of Corporate Office Properties Trust in the first quarter worth about $201,000. Bailard Inc. purchased a new position in shares of Corporate Office Properties Trust in the first quarter worth about $202,000. LS Investment Advisors LLC increased its holdings in shares of Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 97 shares during the period. Finally, Garner Asset Management Corp purchased a new position in shares of Corporate Office Properties Trust in the second quarter worth about $246,000.

Shares of Corporate Office Properties Trust (OFC) opened at 32.66 on Friday. The stock has a 50 day moving average price of $32.86 and a 200 day moving average price of $33.70. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03. The company has a market capitalization of $3.23 billion, a PE ratio of 44.80 and a beta of 0.84.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.37%. Corporate Office Properties Trust’s dividend payout ratio is currently 150.68%.

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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Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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