Eii Capital Management Inc. purchased a new stake in Corporate Office Properties Trust (NYSE:OFC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,923 shares of the real estate investment trust’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of OFC. Cadence Capital Management LLC bought a new stake in shares of Corporate Office Properties Trust during the second quarter worth about $204,000. World Asset Management Inc increased 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 acquiring an additional 229 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of Corporate Office Properties Trust during the second quarter worth about $246,000. Cubist Systematic Strategies LLC bought a new stake in shares of Corporate Office Properties Trust during the second quarter worth about $248,000. Finally, Riverhead Capital Management LLC increased 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 acquiring an additional 2,394 shares in the last quarter.

Shares of Corporate Office Properties Trust (NYSE OFC) traded up $0.08 during mid-day trading on Thursday, reaching $30.10. 1,387,900 shares of the company’s stock were exchanged, compared to its average volume of 794,105. Corporate Office Properties Trust has a twelve month low of $29.03 and a twelve month high of $36.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34. The company has a market cap of $2,990.26, a P/E ratio of 15.01 and a beta of 0.81.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $142.74 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. research analysts predict that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

Several equities research analysts have recently commented on the stock. Jefferies Group reissued a “buy” rating and set a $38.00 target price on shares of Corporate Office Properties Trust in a research report on Wednesday, December 6th. Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Mizuho reissued a “hold” rating and set a $32.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, November 24th. Finally, Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Corporate Office Properties Trust presently has an average rating of “Hold” and an average target price of $33.57.

In related news, Director Lisa G. Trimberger bought 3,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the completion of the purchase, the director now directly owns 1,464 shares in the company, valued at $44,490.96. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/12/14/eii-capital-management-inc-purchases-shares-of-23923-corporate-office-properties-trust-ofc.html.

Corporate Office Properties Trust 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.

Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.