Corporate Office Properties Trust (NYSE:OFC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.53-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.55.
Corporate Office Properties Trust (NYSE OFC) traded up $0.04 during midday trading on Friday, hitting $32.37. The company’s stock had a trading volume of 549,400 shares, compared to its average volume of 979,830. Corporate Office Properties Trust has a 1 year low of $27.16 and a 1 year high of $36.03. The company has a market cap of $3,224.34, a price-to-earnings ratio of 16.18 and a beta of 0.84. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.53 and a quick ratio of 1.53.
Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.53 EPS for the quarter, beating 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 firm had revenue of $157.00 million for the quarter, compared to analyst estimates of $142.74 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 10.5% on a year-over-year basis. analysts forecast that Corporate Office Properties Trust will post 2.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.40%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 159.42%.
Several equities research analysts recently commented on OFC shares. Zacks Investment Research lowered Corporate Office Properties Trust from a hold rating to a sell rating in a research report on Friday. TheStreet upgraded Corporate Office Properties Trust from a c rating to a b- rating in a research report on Thursday, October 26th. SunTrust Banks, Inc. restated a hold rating and set a $34.00 target price on shares of Corporate Office Properties Trust in a research report on Friday, October 27th. BidaskClub lowered Corporate Office Properties Trust from a sell rating to a strong sell rating in a research report on Thursday, August 3rd. Finally, Capital One Financial Corporation lowered Corporate Office Properties Trust from an overweight rating to an equal weight rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Corporate Office Properties Trust presently has an average rating of Hold and an average target price of $34.57.
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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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