Equities research analysts forecast that Corporate Office Properties Trust (NYSE:OFC) will report earnings per share (EPS) of $0.50 for the current quarter, according to Zacks. Six analysts have provided estimates for Corporate Office Properties Trust’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.51. Corporate Office Properties Trust posted earnings of $0.53 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.02. For the next year, analysts expect that the business will report earnings of $2.09 per share, with EPS estimates ranging from $2.04 to $2.17. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The company had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $155.10 million. Corporate Office Properties Trust had a return on equity of 4.52% and a net margin of 10.81%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share.

OFC has been the topic of a number of recent analyst reports. ValuEngine cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Jefferies Financial Group reaffirmed a “$28.83” rating on shares of Corporate Office Properties Trust in a report on Wednesday, July 18th. Stifel Nicolaus reissued a “sell” rating and set a $25.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 27th. Finally, Mizuho reissued a “hold” rating and set a $31.00 target price on shares of Corporate Office Properties Trust in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $31.11.

In related news, Director Robert L. Denton sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $29.97, for a total transaction of $89,910.00. Following the sale, the director now owns 3,458 shares of the company’s stock, valued at $103,636.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David M. Jacobstein sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $30.64, for a total value of $76,600.00. Following the sale, the director now directly owns 9,591 shares in the company, valued at approximately $293,868.24. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new position in shares of Corporate Office Properties Trust during the 2nd quarter valued at $123,000. Vident Investment Advisory LLC acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $544,000. Cubist Systematic Strategies LLC lifted its stake in shares of Corporate Office Properties Trust by 20.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,559 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 2,996 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Corporate Office Properties Trust by 42.9% in the 2nd quarter. Bank of America Corp DE now owns 205,249 shares of the real estate investment trust’s stock valued at $5,951,000 after purchasing an additional 61,644 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Corporate Office Properties Trust by 188.8% in the 2nd quarter. Morgan Stanley now owns 1,227,663 shares of the real estate investment trust’s stock valued at $35,590,000 after purchasing an additional 802,614 shares during the last quarter.

Shares of OFC traded down $0.30 during mid-day trading on Friday, reaching $30.39. 456,671 shares of the company’s stock traded hands, compared to its average volume of 824,066. The stock has a market cap of $3.14 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.24. Corporate Office Properties Trust has a 12 month low of $24.55 and a 12 month high of $33.81.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.10 annualized dividend and a yield of 3.62%. Corporate Office Properties Trust’s payout ratio is 54.19%.

About Corporate Office Properties Trust

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).

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

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