Corporate Office Properties Trust (OFC) Set to Announce Earnings on Thursday

Thursday, July 22, 2021 | MarketBeat

Corporate Office Properties Trust (NYSE:OFC) is scheduled to be releasing its earnings data after the market closes on Thursday, July 29th. Analysts expect Corporate Office Properties Trust to post earnings of $0.56 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, April 29th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.55 by ($0.61). Corporate Office Properties Trust had a net margin of 10.64% and a return on equity of 4.16%. On average, analysts expect Corporate Office Properties Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Corporate Office Properties Trust stock opened at $29.97 on Thursday. The stock's 50 day moving average price is $28.46. Corporate Office Properties Trust has a 1-year low of $21.68 and a 1-year high of $30.31. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market cap of $3.37 billion, a P/E ratio of 50.80, a PEG ratio of 2.38 and a beta of 1.02.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, June 29th. Corporate Office Properties Trust's dividend payout ratio (DPR) is presently 51.89%.

In other news, Director Steven D. Kesler sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $29.64, for a total transaction of $237,120.00. Following the completion of the sale, the director now owns 37,568 shares of the company's stock, valued at approximately $1,113,515.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David M. Jacobstein sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $28.07, for a total transaction of $112,280.00. Following the sale, the director now directly owns 9,567 shares of the company's stock, valued at approximately $268,545.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,866 shares of company stock valued at $651,348. 0.65% of the stock is currently owned by insiders.

About Corporate Office Properties Trust

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

See Also: What is Put Option Volume?

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Corporate Office Properties Trust right now?

Before you consider Corporate Office Properties Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corporate Office Properties Trust wasn't on the list.

While Corporate Office Properties Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.