Equities Analysts Set Expectations for Corporate Office Properties Trust’s FY2017 Earnings (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Analysts at Jefferies Group upped their FY2017 EPS estimates for Corporate Office Properties Trust in a research report issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $2.05 per share for the year, up from their previous forecast of $2.04. Jefferies Group has a “Buy” rating and a $39.00 price objective on the stock. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.11 EPS.

Several other equities research analysts also recently commented on the stock. Evercore ISI raised shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday. Bank of America downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday. Mizuho reaffirmed a “hold” rating and set a $32.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, November 24th. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, TheStreet raised shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $33.71.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at $30.60 on Tuesday. The company has a market cap of $3,032.10, a PE ratio of 15.22 and a beta of 0.81. Corporate Office Properties Trust has a fifty-two week low of $28.36 and a fifty-two week high of $36.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS.

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Corporate Office Properties Trust by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 1,518,764 shares of the real estate investment trust’s stock worth $53,202,000 after buying an additional 38,331 shares in the last quarter. American Century Companies Inc. increased its position in shares of Corporate Office Properties Trust by 253.8% in the second quarter. American Century Companies Inc. now owns 851,262 shares of the real estate investment trust’s stock worth $29,820,000 after purchasing an additional 610,641 shares during the last quarter. Legal & General Group Plc increased its position in shares of Corporate Office Properties Trust by 8.5% in the second quarter. Legal & General Group Plc now owns 336,586 shares of the real estate investment trust’s stock worth $11,791,000 after purchasing an additional 26,232 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Corporate Office Properties Trust by 2.3% in the second quarter. Eagle Asset Management Inc. now owns 149,495 shares of the real estate investment trust’s stock worth $5,236,000 after purchasing an additional 3,394 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Corporate Office Properties Trust by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 970,521 shares of the real estate investment trust’s stock worth $33,998,000 after purchasing an additional 18,346 shares during the last quarter.

In other news, Director Lisa G. Trimberger purchased 3,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $30.39 per share, with a total value of $91,170.00. Following the completion of the acquisition, the director now owns 1,464 shares in the company, valued at approximately $44,490.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, December 28th. Corporate Office Properties Trust’s payout ratio is 159.42%.

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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.

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

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