Jefferies Group Weighs in on Corporate Office Properties Trust’s FY2019 Earnings (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Research analysts at Jefferies Group issued their FY2019 earnings estimates for shares of Corporate Office Properties Trust in a research note issued to investors on Monday. Jefferies Group analyst J. Petersen forecasts that the real estate investment trust will earn $2.33 per share for the year. Jefferies Group has a “Buy” rating and a $38.00 price target on the stock.

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

A number of other analysts have also recently weighed in on the company. Evercore ISI raised Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research report on Monday. Bank of America cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research report on Monday. Mizuho reaffirmed a “hold” rating and issued a $32.00 price target on shares of Corporate Office Properties Trust in a research report on Friday, November 24th. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, TheStreet raised Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $33.57.

Shares of Corporate Office Properties Trust (NYSE:OFC) traded down $0.15 during trading hours on Wednesday, hitting $29.65. The company’s stock had a trading volume of 856,389 shares, compared to its average volume of 791,340. Corporate Office Properties Trust has a 12 month low of $29.03 and a 12 month high of $36.03. The firm has a market capitalization of $3,048.03, a PE ratio of 15.30 and a beta of 0.81. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.34.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.10 annualized dividend and a yield of 3.71%. Corporate Office Properties Trust’s dividend payout ratio is 159.42%.

In other news, Director Lisa G. Trimberger purchased 3,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the completion of the purchase, the director now directly owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cadence Capital Management LLC bought a new position in Corporate Office Properties Trust during the second quarter valued at about $204,000. World Asset Management Inc increased its stake in Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 229 shares during the period. Garner Asset Management Corp bought a new position in Corporate Office Properties Trust during the second quarter valued at about $246,000. Cubist Systematic Strategies LLC bought a new position in Corporate Office Properties Trust during the second quarter valued at about $248,000. Finally, Riverhead Capital Management LLC increased its stake in Corporate Office Properties Trust by 48.9% during the second quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 2,394 shares during the period.

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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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