Q3 2017 EPS Estimates for Corporate Office Properties Trust Lifted by Analyst (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Stock analysts at Jefferies Group boosted their Q3 2017 EPS estimates for shares of Corporate Office Properties Trust in a note issued to investors on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $0.53 for the quarter, up from their prior estimate of $0.52. Jefferies Group currently has a “Buy” rating and a $39.00 target price on the stock. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.15 EPS.

Several other equities research analysts have also recently issued reports on OFC. Mizuho cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research note on Monday, July 10th. BidaskClub lowered Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 14th. Finally, Capital One Financial Corporation lowered Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.29.

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Corporate Office Properties Trust (OFC) opened at 31.99 on Wednesday. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03. The stock’s 50 day moving average price is $32.99 and its 200 day moving average price is $33.64. The company’s market cap is $3.14 billion.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 150.68%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. Cadence Capital Management LLC purchased a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $204,000. World Asset Management Inc boosted its stake in shares of Corporate Office Properties Trust by 3.8% during the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 229 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $246,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $248,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Corporate Office Properties Trust by 48.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,394 shares in the last quarter.

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; Reg

Corporate Office Properties Trust (NYSE:OFC) – Stock analysts at Jefferies Group boosted their Q3 2017 EPS estimates for shares of Corporate Office Properties Trust in a note issued to investors on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $0.53 for the quarter, up from their prior estimate of $0.52. Jefferies Group currently has a “Buy” rating and a $39.00 target price on the stock. Jefferies Group also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.15 EPS.

Several other equities research analysts have also recently issued reports on OFC. Mizuho cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research note on Monday, July 10th. BidaskClub lowered Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Corporate Office Properties Trust in a report on Friday, July 14th. Finally, Capital One Financial Corporation lowered Corporate Office Properties Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.29.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/20/q3-2017-eps-estimates-for-corporate-office-properties-trust-lifted-by-analyst-ofc.html.

Corporate Office Properties Trust (OFC) opened at 31.99 on Wednesday. Corporate Office Properties Trust has a 52-week low of $24.92 and a 52-week high of $36.03. The stock’s 50 day moving average price is $32.99 and its 200 day moving average price is $33.64. The company’s market cap is $3.14 billion.

Corporate Office Properties Trust (NYSE:OFC) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $151.44 million for the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, September 28th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 150.68%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OFC. Cadence Capital Management LLC purchased a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $204,000. World Asset Management Inc boosted its stake in shares of Corporate Office Properties Trust by 3.8% during the 2nd quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 229 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $246,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth approximately $248,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Corporate Office Properties Trust by 48.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,294 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,394 shares in the last quarter.

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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