Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Corporate Office Properties Trust (NYSE:OFC) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,980 shares of the real estate investment trust’s stock after selling 6,591 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Corporate Office Properties Trust were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in OFC. Redpoint Investment Management Pty Ltd bought a new position in shares of Corporate Office Properties Trust during the third quarter valued at approximately $255,000. Honeywell International Inc. bought a new position in shares of Corporate Office Properties Trust during the third quarter valued at approximately $1,718,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Corporate Office Properties Trust by 3.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 64,790 shares of the real estate investment trust’s stock valued at $1,933,000 after buying an additional 2,310 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Corporate Office Properties Trust by 8.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 956,007 shares of the real estate investment trust’s stock valued at $28,518,000 after buying an additional 73,842 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Corporate Office Properties Trust by 43.5% during the third quarter. SG Americas Securities LLC now owns 141,040 shares of the real estate investment trust’s stock valued at $4,207,000 after buying an additional 42,741 shares during the last quarter. Institutional investors and hedge funds own 96.76% of the company’s stock.

In other news, CEO Stephen E. Budorick acquired 4,023 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of $24.90 per share, with a total value of $100,172.70. Following the completion of the purchase, the chief executive officer now directly owns 110,528 shares in the company, valued at $2,752,147.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen E. Budorick acquired 2,070 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $24.14 per share, for a total transaction of $49,969.80. Following the purchase, the chief executive officer now owns 112,598 shares of the company’s stock, valued at $2,718,115.72. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,230 shares of company stock worth $181,337. 0.60% of the stock is owned by insiders.

A number of research analysts have recently commented on OFC shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, August 15th. Bank of America cut their target price on Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, ValuEngine raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.29.

Shares of NYSE:OFC opened at $24.40 on Friday. Corporate Office Properties Trust has a 52-week low of $23.54 and a 52-week high of $31.01. The company has a market capitalization of $2.63 billion, a P/E ratio of 12.02, a PEG ratio of 2.66 and a beta of 0.78. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.12.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%. The company had revenue of $137.41 million for the quarter, compared to analysts’ expectations of $129.45 million. As a group, equities research analysts predict that Corporate Office Properties Trust will post 2.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.10 annualized dividend and a yield of 4.51%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 54.19%.

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

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