Fmr LLC Takes Position in Corporate Office Properties Trust (OFC)

FMR LLC acquired a new stake in Corporate Office Properties Trust (NYSE:OFC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,209,900 shares of the real estate investment trust’s stock, valued at approximately $37,773,000. FMR LLC owned about 1.28% of Corporate Office Properties Trust at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of OFC. Principal Financial Group Inc. raised its position in shares of Corporate Office Properties Trust by 323.8% in the third quarter. Principal Financial Group Inc. now owns 1,682,104 shares of the real estate investment trust’s stock valued at $47,687,000 after buying an additional 1,285,229 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Corporate Office Properties Trust by 62.3% in the third quarter. JPMorgan Chase & Co. now owns 1,620,266 shares of the real estate investment trust’s stock valued at $45,935,000 after buying an additional 621,890 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Corporate Office Properties Trust during the fourth quarter valued at about $18,768,000. Bank of New York Mellon Corp raised its position in shares of Corporate Office Properties Trust by 17.3% in the third quarter. Bank of New York Mellon Corp now owns 3,292,287 shares of the real estate investment trust’s stock valued at $93,336,000 after buying an additional 486,076 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in shares of Corporate Office Properties Trust during the third quarter valued at about $9,617,000. 97.98% of the stock is owned by institutional investors and hedge funds.

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

Corporate Office Properties Trust (NYSE:OFC) traded down 0.56% during midday trading on Friday, hitting $33.54. The stock had a trading volume of 547,723 shares. The company’s market cap is $3.29 billion. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $34.56. The company’s 50 day moving average is $33.52 and its 200 day moving average is $30.80.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, February 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.29. The firm had revenue of $141.99 million for the quarter, compared to analysts’ expectations of $128.02 million. Corporate Office Properties Trust had a net margin of 1.99% and a return on equity of 0.85%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that Corporate Office Properties Trust will post $0.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.26%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently -2,749.31%.

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Several equities analysts recently issued reports on the company. Evercore ISI restated an “underperform” rating and set a $32.00 price target on shares of Corporate Office Properties Trust in a research note on Tuesday, March 28th. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC boosted their price target on Corporate Office Properties Trust from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, February 21st. Robert W. Baird lowered Corporate Office Properties Trust from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $33.00 in a research note on Wednesday, February 15th. Finally, Mizuho boosted their price target on Corporate Office Properties Trust from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.50.

In other news, CAO Greg J. Thor sold 3,555 shares of Corporate Office Properties Trust stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $34.02, for a total transaction of $120,941.10. Following the transaction, the chief accounting officer now owns 14,853 shares in the company, valued at $505,299.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Corporate Office Properties Trust Company 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.

5 Day Chart for NYSE:OFC

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