Analysts Issue Forecasts for Corporate Office Properties Trust’s Q1 2019 Earnings (OFC)

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Corporate Office Properties Trust (NYSE:OFC) – Capital One Financial increased their Q1 2019 earnings per share (EPS) estimates for Corporate Office Properties Trust in a note issued to investors on Monday, April 15th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.49 for the quarter, up from their previous forecast of $0.48. Capital One Financial also issued estimates for Corporate Office Properties Trust’s Q4 2019 earnings at $0.52 EPS, FY2019 earnings at $2.04 EPS, Q1 2020 earnings at $0.50 EPS, Q2 2020 earnings at $0.52 EPS, Q3 2020 earnings at $0.54 EPS, Q4 2020 earnings at $0.55 EPS, FY2020 earnings at $2.11 EPS and FY2021 earnings at $2.18 EPS.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. Corporate Office Properties Trust had a net margin of 12.49% and a return on equity of 4.64%. The company had revenue of $138.48 million during the quarter, compared to the consensus estimate of $152.94 million. During the same period in the prior year, the company earned $0.53 EPS. Corporate Office Properties Trust’s revenue was down 15.9% on a year-over-year basis.

Other analysts have also issued reports about the stock. Stifel Nicolaus raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a research note on Thursday, January 3rd. ValuEngine raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Wells Fargo & Co set a $25.00 price objective on shares of Corporate Office Properties Trust and gave the company a “market perform” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Robert W. Baird raised shares of Corporate Office Properties Trust from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 8th. Finally, JPMorgan Chase & Co. raised shares of Corporate Office Properties Trust from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.80.

OFC stock opened at $27.05 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.12. Corporate Office Properties Trust has a one year low of $20.03 and a one year high of $31.01. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.87 and a beta of 1.04.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Thursday, March 28th. Corporate Office Properties Trust’s dividend payout ratio is presently 54.73%.

In other news, Director Robert L. Denton sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $25.65, for a total value of $38,475.00. Following the transaction, the director now owns 280,000 shares in the company, valued at approximately $7,182,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Denton sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.79, for a total value of $107,160.00. Following the completion of the transaction, the director now owns 276,000 shares in the company, valued at approximately $7,394,040. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of OFC. Nisa Investment Advisors LLC increased its holdings in shares of Corporate Office Properties Trust by 142.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,700 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Corporate Office Properties Trust by 2,069.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 864,333 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 824,484 shares during the period. Fort L.P. increased its holdings in shares of Corporate Office Properties Trust by 420.6% in the 4th quarter. Fort L.P. now owns 2,150 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,737 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Corporate Office Properties Trust in the 4th quarter valued at about $91,000. Finally, Virtu Financial LLC acquired a new position in shares of Corporate Office Properties Trust in the 1st quarter valued at about $203,000. Institutional investors own 96.13% of the company’s stock.

Corporate Office Properties Trust Company 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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Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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