Corporate Office Properties Trust (NYSE:OFC) declared a quarterly dividend on Friday, August 11th, Zacks reports. Investors of record on Saturday, September 30th will be given a dividend of 0.275 per share by the real estate investment trust on Monday, October 16th. This represents a $1.10 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, September 28th.

Corporate Office Properties Trust has a payout ratio of 54.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Corporate Office Properties Trust to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 51.4%.

Corporate Office Properties Trust (NYSE:OFC) traded down 0.40% on Friday, reaching $32.53. 314,276 shares of the company traded hands. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The stock has a 50 day moving average of $32.86 and a 200-day moving average of $33.70. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 44.62 and a beta of 0.84.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The company had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. During the same quarter in the prior year, the company posted $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. On average, equities analysts anticipate that Corporate Office Properties Trust will post $0.78 EPS for the current year.

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A number of research analysts have commented on OFC shares. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $36.00 target price (up previously from $32.00) on shares of Corporate Office Properties Trust in a research report on Tuesday, May 30th. BidaskClub cut shares of Corporate Office Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Capital One Financial Corporation cut shares of Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $33.33.

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.

Dividend History for Corporate Office Properties Trust (NYSE:OFC)

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