Corporate Office Properties Trust (OFC) Holdings Increased by Eagle Asset Management Inc.

Eagle Asset Management Inc. raised its holdings in Corporate Office Properties Trust (NYSE:OFC) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,065 shares of the real estate investment trust’s stock after buying an additional 9,392 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.14% of Corporate Office Properties Trust worth $3,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of OFC. Bank of Montreal Can grew its holdings in Corporate Office Properties Trust by 2.7% in the 4th quarter. Bank of Montreal Can now owns 136,366 shares of the real estate investment trust’s stock valued at $3,981,000 after buying an additional 3,573 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Corporate Office Properties Trust by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,068,178 shares of the real estate investment trust’s stock valued at $31,191,000 after buying an additional 45,165 shares during the period. State of Alaska Department of Revenue grew its holdings in Corporate Office Properties Trust by 10.5% in the 4th quarter. State of Alaska Department of Revenue now owns 82,930 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 7,870 shares during the period. Strs Ohio grew its holdings in Corporate Office Properties Trust by 3.4% in the 4th quarter. Strs Ohio now owns 129,608 shares of the real estate investment trust’s stock valued at $3,784,000 after buying an additional 4,320 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Corporate Office Properties Trust by 159.8% in the 4th quarter. SG Americas Securities LLC now owns 49,963 shares of the real estate investment trust’s stock valued at $1,459,000 after buying an additional 30,734 shares during the period.

A number of analysts have recently issued reports on OFC shares. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Citigroup decreased their target price on Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. ValuEngine cut Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Robert W. Baird set a $28.00 target price on Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Mizuho set a $26.00 target price on Corporate Office Properties Trust and gave the stock a “hold” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus price target of $30.50.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $26.25, for a total value of $39,375.00. Following the completion of the transaction, the director now owns 2,508 shares in the company, valued at approximately $65,835. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Denton sold 2,508 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $26.69, for a total value of $66,938.52. Following the completion of the transaction, the director now owns 3,458 shares of the company’s stock, valued at approximately $92,294.02. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Shares of NYSE:OFC opened at $27.78 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.88 and a quick ratio of 1.88. Corporate Office Properties Trust has a 1 year low of $24.55 and a 1 year high of $36.03. The stock has a market cap of $2.81 billion, a PE ratio of 13.68, a PEG ratio of 6.58 and a beta of 0.66.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.32). The company had revenue of $155.48 million during the quarter, compared to analysts’ expectations of $155.72 million. Corporate Office Properties Trust had a return on equity of 4.49% and a net margin of 10.48%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. sell-side analysts forecast that Corporate Office Properties Trust will post 2.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, June 28th. Corporate Office Properties Trust’s dividend payout ratio is presently 54.19%.

Corporate Office Properties Trust Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (?IT?) related activities servicing what it believes are growing, durable, priority missions (?Defense/IT Locations?).

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

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