Analysts forecast that Corporate Office Properties Trust (NYSE:OFC) will report sales of $130.53 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Corporate Office Properties Trust’s earnings, with estimates ranging from $126.45 million to $142.46 million. Corporate Office Properties Trust posted sales of $142.10 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.1%. The firm is scheduled to report its next earnings report after the market closes on Thursday, October 26th.

On average, analysts expect that Corporate Office Properties Trust will report full year sales of $130.53 million for the current fiscal year, with estimates ranging from $509.22 million to $577.29 million. For the next fiscal year, analysts expect that the firm will report sales of $543.72 million per share, with estimates ranging from $521.74 million to $576.18 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS.

OFC has been the topic of several recent analyst reports. BidaskClub upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. ValuEngine upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $36.00 to $39.00 in a report on Monday, September 25th. 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. Finally, KeyCorp restated a “hold” rating on shares of Corporate Office Properties Trust in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.83.

Corporate Office Properties Trust (NYSE OFC) opened at 33.22 on Thursday. The firm has a 50-day moving average of $33.03 and a 200-day moving average of $33.66. 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 $3.29 billion, a P/E ratio of 45.57 and a beta of 0.81.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 150.68%.

A number of large investors have recently modified their holdings of OFC. Cadence Capital Management LLC acquired a new stake in Corporate Office Properties Trust in the second quarter valued at approximately $204,000. World Asset Management Inc grew its position in shares of Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 229 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of Corporate Office Properties Trust during the second quarter worth approximately $246,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Corporate Office Properties Trust during the second quarter worth approximately $248,000. Finally, Riverhead Capital Management LLC grew its position in shares of Corporate Office Properties Trust by 48.9% during the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,394 shares in the last quarter.

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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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