First Republic Investment Management Inc. bought a new stake in Corporate Office Properties Trust (NYSE:OFC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 130,896 shares of the real estate investment trust’s stock, valued at approximately $3,795,000. First Republic Investment Management Inc. owned about 0.13% of Corporate Office Properties Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Glen Harbor Capital Management LLC raised its position in shares of Corporate Office Properties Trust by 18.0% in the second quarter. Glen Harbor Capital Management LLC now owns 11,418 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 1,738 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Corporate Office Properties Trust by 5.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 39,345 shares of the real estate investment trust’s stock valued at $1,141,000 after buying an additional 2,038 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Corporate Office Properties Trust by 5,262.2% in the second quarter. Envestnet Asset Management Inc. now owns 17,320 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 16,997 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Corporate Office Properties Trust by 18.0% in the second quarter. Meadow Creek Investment Management LLC now owns 17,646 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 2,686 shares during the last quarter. Finally, FMR LLC raised its position in shares of Corporate Office Properties Trust by 37.5% in the second quarter. FMR LLC now owns 12,387,646 shares of the real estate investment trust’s stock valued at $359,119,000 after buying an additional 3,378,017 shares during the last quarter.

Corporate Office Properties Trust stock opened at $30.43 on Friday. Corporate Office Properties Trust has a 12-month low of $24.55 and a 12-month high of $33.81. The stock has a market cap of $3.14 billion, a P/E ratio of 14.99, a PEG ratio of 4.33 and a beta of 0.63. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.24.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Corporate Office Properties Trust had a net margin of 10.81% and a return on equity of 4.52%. The firm had revenue of $146.70 million during the quarter, compared to analysts’ expectations of $155.10 million. During the same period last year, the business earned $0.49 earnings per share. Corporate Office Properties Trust’s revenue was down 3.1% compared to the same quarter last year. equities research analysts predict that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, September 27th. Corporate Office Properties Trust’s payout ratio is currently 54.19%.

A number of brokerages have recently commented on OFC. ValuEngine upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Stifel Nicolaus reiterated a “sell” rating and issued a $25.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, July 27th. Bank of America upgraded shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, August 7th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $29.00 target price on shares of Corporate Office Properties Trust in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.11.

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

Corporate Office Properties Trust Company Profile

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

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