About Corporate Office Properties Trust (NYSE:OFC)
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. As of December 31, 2016, the Company's properties included 164 operating office properties totaling 17.2 million square feet, including 13 triple-net leased, single-tenant data center properties; 11 office properties under construction or redevelopment; 1,028 acres of land controlled for future development, and a wholesale data center with a critical load of 19.25 megawatts. The Company conducts all of its operations through Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively, the Operating Partnership). COPLP owns real estate both directly and through subsidiary partnerships and limited liability companies (LLCs).
Industry, Sector and Symbol
Industry Office REITs
Trailing P/E Ratio15.05
Forward P/E Ratio14.79
Sales & Book Value
Annual Sales$574.33 million
Price / Sales5.21
Cash Flow$1.60 per share
Price / Cash18.74
Book Value$15.01 per share
Price / Book2.00
Net Income$11.43 million
Return on Equity5.89%
Return on Assets2.28%
Corporate Office Properties Trust (NYSE:OFC) Frequently Asked Questions
What is Corporate Office Properties Trust's stock symbol?
Corporate Office Properties Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFC."
How often does Corporate Office Properties Trust pay dividends? What is the dividend yield for Corporate Office Properties Trust?
Corporate Office Properties Trust declared a quarterly dividend on Friday, November 10th. Shareholders of record on Friday, December 29th will be given a dividend of $0.275 per share on Tuesday, January 16th. This represents a $1.10 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, December 28th. View Corporate Office Properties Trust's Dividend History.
How were Corporate Office Properties Trust's earnings last quarter?
Corporate Office Properties Trust (NYSE:OFC) released its quarterly earnings results on Thursday, October, 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The real estate investment trust had revenue of $157 million for the quarter, compared to analysts' expectations of $142.74 million. Corporate Office Properties Trust had a return on equity of 5.89% and a net margin of 14.38%. The company's revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. View Corporate Office Properties Trust's Earnings History.
When will Corporate Office Properties Trust make its next earnings announcement?
What guidance has Corporate Office Properties Trust issued on next quarter's earnings?
Corporate Office Properties Trust issued an update on its fourth quarter earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $0.53-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55.
Where is Corporate Office Properties Trust's stock going? Where will Corporate Office Properties Trust's stock price be in 2017?
10 brokers have issued 12-month price targets for Corporate Office Properties Trust's shares. Their predictions range from $29.00 to $38.00. On average, they anticipate Corporate Office Properties Trust's share price to reach $33.00 in the next year. View Analyst Ratings for Corporate Office Properties Trust.
What are Wall Street analysts saying about Corporate Office Properties Trust stock?
Here are some recent quotes from research analysts about Corporate Office Properties Trust stock:
- 1. According to Zacks Investment Research, "Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services. " (11/22/2017)
- 2. Jefferies Group LLC analysts commented, "OFC has been one of the top Trump trades among REITs given the company's focus on the defense industry. That said, with the stock having run 28% since the election, and now trading at an FFO multiple that is 25% above its 5- year average, we believe the potential for fundamental improvement is already priced in. At these levels, we prefer to wait on the sidelines until Congress approves a budget and we have a better sense of the upside." (2/21/2017)
- 3. Mizuho analysts commented, "OFC reported solid 4Q16 results with same store NOI growth of 4.2% possibly restoring any lost confidence from investors after the 1% growth during 3Q16 -- although both were in line with prevailing expectations. Management reiterated 2017 guidance that was set on January 17, 2017. We are actually raising our 2017 estimates slightly today (by $0.02) given what we feel like is more visible stability/growth that lies ahead. In particular, OFC sits at a rare intersection of political agreement, with US defense spending increases being in general agreement from both sides of the aisle." (2/13/2017)
Are investors shorting Corporate Office Properties Trust?
Corporate Office Properties Trust saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 10,794,778 shares, an increase of 344.8% from the October 31st total of 2,426,691 shares. Based on an average trading volume of 780,905 shares, the days-to-cover ratio is presently 13.8 days. Approximately 10.9% of the company's stock are sold short.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Hudson Pacific Properties (HPP), Highwoods Properties (HIW), Paramount Group (PGRE), Equity Commonwealth (EQC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty (CLI), Franklin Street Properties (FSP), Parkway (PKY), TIER REIT (TIER), Northstar Realty Europe (NRE) and City Office REIT (CIO).
Who are Corporate Office Properties Trust's key executives?
Corporate Office Properties Trust's management team includes the folowing people:
- Thomas F. Brady CPA, Independent Chairman of the Board of Trustees (Age 67)
- Stephen E. Budorick, President, Chief Executive Officer, Trustee (Age 56)
- Paul R. Adkins, Chief Operating Officer, Executive Vice President (Age 58)
- Anthony Mifsud, Chief Financial Officer, Executive Vice President (Age 52)
- Robert L. Denton, Independent Trustee (Age 64)
- Philip L. Hawkins, Independent Trustee (Age 61)
- Elizabeth Ann Hight, Independent Trustee (Age 63)
- David M. Jacobstein J.D., Independent Trustee (Age 70)
- Steven D. Kesler, Independent Trustee (Age 65)
Who owns Corporate Office Properties Trust stock?
Corporate Office Properties Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include Cohen & Steers Inc. (10.65%), JPMorgan Chase & Co. (3.15%), Bank of New York Mellon Corp (2.93%), Wells Fargo & Company MN (2.28%), Channing Capital Management LLC (1.95%) and Cramer Rosenthal Mcglynn LLC (1.64%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Lisa G Trimberger, Robert L Denton and Steven D Kesler. View Institutional Ownership Trends for Corporate Office Properties Trust.
Who sold Corporate Office Properties Trust stock? Who is selling Corporate Office Properties Trust stock?
Corporate Office Properties Trust's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Russell Investments Group Ltd., American Century Companies Inc., Principal Financial Group Inc., Advantus Capital Management Inc, Sumitomo Mitsui Asset Management Company LTD, Amica Mutual Insurance Co. and First Trust Advisors LP. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein, Greg J Thor, Robert L Denton and Steven D Kesler. View Insider Buying and Selling for Corporate Office Properties Trust.
Who bought Corporate Office Properties Trust stock? Who is buying Corporate Office Properties Trust stock?
Corporate Office Properties Trust's stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Cohen & Steers Inc., Cramer Rosenthal Mcglynn LLC, Citadel Advisors LLC, Adelante Capital Management LLC, Nationwide Fund Advisors, Ameriprise Financial Inc. and Channing Capital Management LLC. View Insider Buying and Selling for Corporate Office Properties Trust.
How do I buy Corporate Office Properties Trust stock?
Shares of Corporate Office Properties Trust can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Corporate Office Properties Trust's stock price today?
One share of Corporate Office Properties Trust stock can currently be purchased for approximately $30.02.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $3.00 billion and generates $574.33 million in revenue each year. The real estate investment trust earns $11.43 million in net income (profit) each year or $0.69 on an earnings per share basis. Corporate Office Properties Trust employs 376 workers across the globe.
How can I contact Corporate Office Properties Trust?
Corporate Office Properties Trust's mailing address is 6711 COLUMBIA GATEWAY DRIVE SUITE 300, COLUMBIA MD, 21046. The real estate investment trust can be reached via phone at 443-285-5400 or via email at [email protected]
MarketBeat Community Rating for Corporate Office Properties Trust (OFC)MarketBeat's community ratings are surveys of what our community members think about Corporate Office Properties Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Corporate Office Properties Trust (NYSE:OFC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.17||2.00||2.00||2.18|
|Ratings Breakdown: ||1 Sell Rating(s)|
8 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
7 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
8 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$32.50||$33.38||$32.33||$32.44|
|Price Target Upside: ||9.06% upside||4.53% upside||2.29% downside||3.75% downside|
Corporate Office Properties Trust (NYSE:OFC) Consensus Price Target History
Corporate Office Properties Trust (NYSE:OFC) Analyst Ratings History
(Data available from 12/13/2015 forward)
Corporate Office Properties Trust (NYSE:OFC) Earnings History and Estimates Chart
Corporate Office Properties Trust (NYSE OFC) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017||Q3 2017||$0.52||$0.53||$142.74 million||$157.00 million||View||N/A|
|7/27/2017||Q2 2017||$0.48||$0.49||$138.04 million||$151.44 million||View||N/A|
|4/27/2017||Q1 2017||$0.46||$0.47||$135.16 million||$139.80 million||View||N/A|
|2/9/2017||Q4 2016||$0.22||$0.51||$128.02 million||$141.99 million||View||Listen|
|10/27/2016||Q316||$0.51||$0.51||$125.03 million||$142.10 million||View||Listen|
|4/29/2016||Q116||$0.47||$0.47||$113.83 million||$144.30 million||View||Listen|
|2/12/2016||Q415||$0.52||$0.52||$114.35 million||$143.30 million||View||Listen|
|10/29/2015||Q315||$0.52||$0.52||$107.30 million||$150.70 million||View||Listen|
|7/28/2015||Q215||$0.50||$0.52||$104.27 million||$170.40 million||View||Listen|
|4/28/2015||Q115||$0.46||$0.45||$97.30 million||$161.03 million||View||N/A|
|2/10/2015||Q414||$0.57||$0.49||$95.40 million||$146.97 million||View||N/A|
|10/24/2014||Q314||$0.18||$0.22||$117.85 million||$153.02 million||View||Listen|
|7/25/2014||Q214||$0.16||$0.02||$95.32 million||$139.82 million||View||Listen|
|4/25/2014||Q114||$0.13||$0.48||$95.68 million||$146.67 million||View||Listen|
|2/7/2014||Q413||$0.20||$0.48||$95.94 million||$118.49 million||View||Listen|
|10/25/2013||Q313||$0.28||$0.49||$96.48 million||$136.00 million||View||Listen|
|4/26/2013||Q213||$0.20||$0.48||$104.57 million||$116.74 million||View||Listen|
|2/8/2013||Q412||$0.18||$0.16||$92.31 million||$137.51 million||View||N/A|
Corporate Office Properties Trust (NYSE:OFC) Earnings Estimates
2017 EPS Consensus Estimate: $2.04
2018 EPS Consensus Estimate: $2.08
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Corporate Office Properties Trust (NYSE:OFC) Dividend Information
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||159.42% (Trailing 12 Months of Earnings) |
54.19% (Based on This Year's Estimates)
53.66% (Based on Next Year's Estimates)
Corporate Office Properties Trust (NYSE:OFC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Corporate Office Properties Trust (NYSE OFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.60%
Corporate Office Properties Trust (NYSE OFC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/30/2017||Lisa G Trimberger||Director||Buy||3,000||$30.39||$91,170.00|| |
|6/20/2017||Steven D. Kesler||Director||Sell||3,637||$35.40||$128,749.80|| |
|6/7/2017||Robert L Denton||Director||Sell||2,000||$34.51||$69,020.00|| |
|5/19/2017||David M Jacobstein||Director||Sell||3,118||$33.54||$104,577.72|| |
|5/18/2017||Robert L Denton||Director||Sell||3,118||$32.73||$102,052.14|| |
|3/1/2017||Greg J Thor||CAO||Sell||3,555||$34.02||$120,941.10|| |
|11/10/2016||Steven D. Kesler||Director||Sell||4,000||$27.72||$110,880.00|| |
|8/26/2016||David M Jacobstein||Director||Sell||1,924||$28.36||$54,564.64|| |
|8/4/2016||Robert L Denton||Director||Sell||2,000||$29.49||$58,980.00|| |
|6/9/2016||Greg J Thor||CAO||Sell||2,085||$27.56||$57,462.60|| |
|6/1/2016||David M Jacobstein||Director||Sell||1,500||$26.99||$40,485.00|| |
|5/9/2016||Robert L. Denton||Director||Sell||3,007||$26.80||$80,587.60|| |
|3/17/2016||Greg J Thor||CAO||Sell||2,183||$25.95||$56,648.85|| |
|2/17/2016||David M Jacobstein||Director||Sell||2,000||$22.23||$44,460.00|| |
|11/17/2015||Karen M Singer||SVP||Sell||7,500||$21.55||$161,625.00|| |
|6/10/2015||David M Jacobstein||Director||Sell||3,600||$24.87||$89,532.00|| |
|3/16/2015||Steven D Kesler||Director||Sell||5,000||$29.47||$147,350.00|| |
|2/27/2015||David M Jacobstein||Director||Buy||4,055||$29.60||$120,028.00|| |
|2/20/2015||Robert L Denton||Director||Sell||8,000||$29.90||$239,200.00|| |
|12/16/2014||Robert L Denton||Director||Sell||3,000||$27.80||$83,400.00|| |
|9/8/2014||Thomas F Brady||Director||Sell||5,000||$29.05||$145,250.00|| |
|8/19/2014||Robert L Denton||Director||Sell||2,500||$28.27||$70,675.00|| |
|8/13/2014||David M Jacobstein||Director||Sell||5,900||$28.18||$166,262.00|| |
|6/2/2014||Greg J Thor||CAO||Sell||1,593||$27.92||$44,476.56|| |
|5/9/2014||Robert Denton||Director||Sell||2,865||$26.70||$76,495.50|| |
|5/2/2014||Greg Thor||CAO||Sell||1,000||$26.79||$26,790.00|| |
|4/4/2014||Clay Hamlin III||Director||Sell||10,000||$27.00||$270,000.00|| |
|3/5/2014||Greg Thor||CAO||Sell||2,233||$27.08||$60,469.64|| |
|3/4/2014||Steven Kesler||Director||Sell||5,000||$26.67||$133,350.00|| |
|3/3/2014||Greg Thor||CAO||Sell||1,671||$26.77||$44,732.67|| |
|2/19/2014||Clay Hamlin III||Director||Sell||12,849||$27.00||$346,923.00|| |
|2/14/2014||Clay Hamlin III||Director||Sell||17,151||$27.00||$463,077.00|| |
|12/12/2013||Omega Healthcare Investors Inc||Director||Buy||10,000||$22.09||$220,900.00|| |
|11/26/2013||Roger Waesche, Jr.||President||Buy||10,000||$21.85||$218,500.00|| |
|9/18/2013||Clay Hamlin III||Director||Sell||5,000||$24.00||$120,000.00|| |
|9/4/2013||Clay Hamlin III||Director||Sell||5,000||$22.81||$114,050.00|| |
|8/2/2013||Clay Hamlin III||Director||Sell||10,000||$25.56||$255,600.00|| |
|7/8/2013||Clay W Hamlin III||Director||Sell||10,000||$26.29||$262,900.00|| |
|6/3/2013||Clay W Hamlin III||Director||Sell||10,000||$26.56||$265,600.00|| |
|5/14/2013||Robert L Denton||Director||Sell||3,525||$29.27||$103,176.75|| |
|5/1/2013||Clay W Hamlin III||Director||Sell||10,000||$28.86||$288,600.00|| |
Corporate Office Properties Trust (NYSE OFC) News Headlines
Corporate Office Properties Trust (NYSE:OFC) SEC Filings
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Corporate Office Properties Trust (NYSE:OFC) Income Statement, Balance Sheet and Cash Flow Statement
Corporate Office Properties Trust (NYSE OFC) Stock Chart for Wednesday, December, 13, 2017