Corporate Office Properties Trust (NYSE:OFC) – Equities research analysts at SunTrust Banks decreased their FY2018 earnings per share estimates for shares of Corporate Office Properties Trust in a research report issued to clients and investors on Tuesday, November 13th. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will earn $2.00 per share for the year, down from their prior estimate of $2.01. SunTrust Banks also issued estimates for Corporate Office Properties Trust’s Q4 2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.51 EPS, FY2020 earnings at $2.08 EPS, FY2021 earnings at $2.14 EPS and FY2022 earnings at $2.18 EPS.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The firm had revenue of $137.41 million during the quarter, compared to analysts’ expectations of $129.45 million. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%.

OFC has been the subject of a number of other research reports. ValuEngine cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus restated a “sell” rating and issued a $25.00 price target on shares of Corporate Office Properties Trust in a report on Friday, July 27th. Bank of America decreased their price target on Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating for the company in a report on Monday, October 29th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Robert W. Baird restated a “hold” rating and issued a $29.00 price target on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.00.

NYSE OFC opened at $24.71 on Thursday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 2.86 and a beta of 0.75. Corporate Office Properties Trust has a fifty-two week low of $24.48 and a fifty-two week high of $31.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.92 and a quick ratio of 1.92.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in shares of Corporate Office Properties Trust by 3.8% during the 3rd quarter. Teachers Advisors LLC now owns 138,389 shares of the real estate investment trust’s stock valued at $4,128,000 after acquiring an additional 5,039 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Corporate Office Properties Trust by 14.5% during the 3rd quarter. Macquarie Group Ltd. now owns 35,500 shares of the real estate investment trust’s stock valued at $1,059,000 after acquiring an additional 4,500 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Corporate Office Properties Trust by 19.1% during the 3rd quarter. Pacer Advisors Inc. now owns 37,379 shares of the real estate investment trust’s stock valued at $1,115,000 after acquiring an additional 5,982 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of Corporate Office Properties Trust by 5.6% during the 3rd quarter. First Republic Investment Management Inc. now owns 138,188 shares of the real estate investment trust’s stock valued at $4,122,000 after acquiring an additional 7,292 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Corporate Office Properties Trust by 150.6% during the 3rd quarter. Renaissance Technologies LLC now owns 384,907 shares of the real estate investment trust’s stock valued at $11,482,000 after acquiring an additional 231,307 shares in the last quarter.

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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