Corporate Office Properties Trust (OFC) Shares Sold by First Mercantile Trust Co.

First Mercantile Trust Co. reduced its stake in shares of Corporate Office Properties Trust (NYSE:OFC) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,776 shares of the real estate investment trust’s stock after selling 2,070 shares during the quarter. First Mercantile Trust Co.’s holdings in Corporate Office Properties Trust were worth $169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Corporate Office Properties Trust by 10.3% during the third quarter. Legal & General Group Plc now owns 371,227 shares of the real estate investment trust’s stock valued at $12,188,000 after purchasing an additional 34,641 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Corporate Office Properties Trust by 9.3% in the third quarter. Janus Henderson Group PLC now owns 103,100 shares of the real estate investment trust’s stock valued at $3,385,000 after acquiring an additional 8,800 shares during the last quarter. LaSalle Street Capital Management LLC boosted its stake in Corporate Office Properties Trust by 20.9% in the third quarter. LaSalle Street Capital Management LLC now owns 29,170 shares of the real estate investment trust’s stock valued at $958,000 after acquiring an additional 5,045 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new position in Corporate Office Properties Trust in the third quarter valued at approximately $460,000. Finally, Cipher Capital LP boosted its stake in Corporate Office Properties Trust by 14.2% in the third quarter. Cipher Capital LP now owns 60,557 shares of the real estate investment trust’s stock valued at $1,989,000 after acquiring an additional 7,553 shares during the last quarter.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at $25.15 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2,533.25, a price-to-earnings ratio of 44.12 and a beta of 0.68. Corporate Office Properties Trust has a twelve month low of $24.78 and a twelve month high of $36.03.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.43). The firm had revenue of $164.57 million during the quarter, compared to analyst estimates of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. sell-side analysts anticipate that Corporate Office Properties Trust will post 2.02 EPS for the current year.

OFC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, October 18th. SunTrust Banks reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Corporate Office Properties Trust in a research note on Friday, October 27th. TheStreet raised shares of Corporate Office Properties Trust from a “c” rating to a “b-” rating in a research note on Thursday, October 26th. Mizuho reaffirmed a “hold” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, November 1st. Finally, Bank of America cut shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $31.29.

In other news, Director Lisa G. Trimberger bought 3,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $25.40 per share, for a total transaction of $76,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul R. Adkins bought 10,000 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was purchased at an average price of $29.06 per share, for a total transaction of $290,600.00. Following the completion of the acquisition, the insider now owns 29,465 shares of the company’s stock, valued at approximately $856,252.90. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 16,000 shares of company stock worth $457,970. Company insiders own 0.60% of the company’s stock.

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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.

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

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