NYSE:OFC - Corporate Office Properties Trust Stock Price, News, & Analysis

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$27.83 -0.29 (-1.03 %)
(As of 05/21/2019 06:00 AM ET)
Previous Close$28.12
Today's Range$27.64 - $28.20
52-Week Range$20.03 - $31.01
Volume1.37 million shs
Average Volume681,317 shs
Market Capitalization$3.11 billion
P/E Ratio13.85
Dividend Yield3.91%
Beta1.03
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”). The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of March 31, 2019, the Company derived 89% of its core portfolio annualized revenue from Defense/IT Locations and 11% from its Regional Office Properties. As of the same date and including six buildings owned through an unconsolidated joint venture, COPT's core portfolio of 163 office and data center shell properties encompassed 18.2 million square feet and was 93.7% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP22002T10
Phone443-285-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$578.11 million
Cash Flow$1.9530 per share
Book Value$14.80 per share

Profitability

Net Income$72.30 million

Miscellaneous

Employees378
Market Cap$3.11 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

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, May 10th. Stockholders of record on Friday, June 28th will be given a dividend of $0.275 per share on Monday, July 15th. This represents a $1.10 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, June 27th. View Corporate Office Properties Trust's Dividend History.

How were Corporate Office Properties Trust's earnings last quarter?

Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings results on Tuesday, April, 30th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.31. The real estate investment trust had revenue of $148.94 million for the quarter, compared to analyst estimates of $150.89 million. Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. View Corporate Office Properties Trust's Earnings History.

When is Corporate Office Properties Trust's next earnings date?

Corporate Office Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Corporate Office Properties Trust.

What guidance has Corporate Office Properties Trust issued on next quarter's earnings?

Corporate Office Properties Trust issued an update on its FY19 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of $2.01-2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.04. Corporate Office Properties Trust also updated its Q2 guidance to $0.50-0.51 EPS.

What price target have analysts set for OFC?

7 analysts have issued 12-month price targets for Corporate Office Properties Trust's shares. Their predictions range from $22.00 to $31.00. On average, they expect Corporate Office Properties Trust's stock price to reach $26.1667 in the next year. This suggests that the stock has a possible downside of 6.0%. View Analyst Price Targets for Corporate Office Properties Trust.

What is the consensus analysts' recommendation for Corporate Office Properties Trust?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corporate Office Properties Trust.

Has Corporate Office Properties Trust been receiving favorable news coverage?

Media coverage about OFC stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Corporate Office Properties Trust earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.

Who are some of Corporate Office Properties Trust's key competitors?

What other stocks do shareholders of Corporate Office Properties Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corporate Office Properties Trust investors own include Tanger Factory Outlet Centers (SKT), Intel (INTC), Paypal (PYPL), DIGITAL RLTY TR/SH (DLR), Enterprise Products Partners (EPD), Kimco Realty (KIM), Starwood Property Trust (STWD), Ventas (VTR), Welltower (WELL) and Cisco Systems (CSCO).

Who are Corporate Office Properties Trust's key executives?

Corporate Office Properties Trust's management team includes the folowing people:
  • Mr. Stephen E. Budorick, Pres, CEO & Trustee (Age 59)
  • Mr. Anthony Mifsud, Exec. VP & CFO (Age 55)
  • Paul R. Adkins, Exec. VP & COO (Age 60)
  • Mr. Gregory J. Thor, Chief Accounting Officer, Sr. VP & Controller (Age 55)
  • Ms. Stephanie M. Krewson-Kelly, VP of Investor Relations

Who are Corporate Office Properties Trust's major shareholders?

Corporate Office Properties Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.42%), FMR LLC (11.14%), Wellington Management Group LLP (6.32%), Frontier Capital Management Co. LLC (3.66%), Principal Financial Group Inc. (3.04%) and Northern Trust Corp (1.61%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Lisa G Trimberger, Paul R Adkins, Philip L Hawkins, Robert L Denton, Stephen E Budorick and Steven D Kesler. View Institutional Ownership Trends for Corporate Office Properties Trust.

Which institutional investors are selling Corporate Office Properties Trust stock?

OFC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Morgan Stanley, FIL Ltd, Marshall Wace LLP, Fort Washington Investment Advisors Inc. OH, Ranger Global Real Estate Advisors LLC, Oxford Asset Management LLP and JPMorgan Chase & Co.. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein and Robert L Denton. View Insider Buying and Selling for Corporate Office Properties Trust.

Which institutional investors are buying Corporate Office Properties Trust stock?

OFC stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., BlackRock Inc., Geode Capital Management LLC, Citigroup Inc., SEI Investments Co, Charles Schwab Investment Management Inc. and Goldman Sachs Group Inc.. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Lisa G Trimberger, Paul R Adkins, Philip L Hawkins, Stephen E Budorick and Steven D Kesler. View Insider Buying and Selling for Corporate Office Properties Trust.

How do I buy shares of Corporate Office Properties Trust?

Shares of OFC 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 OFC stock can currently be purchased for approximately $27.83.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $3.11 billion and generates $578.11 million in revenue each year. The real estate investment trust earns $72.30 million in net income (profit) each year or $2.01 on an earnings per share basis. Corporate Office Properties Trust employs 378 workers across the globe.

What is Corporate Office Properties Trust's official website?

The official website for Corporate Office Properties Trust is http://www.copt.com.

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 (NYSE OFC)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  477 (Vote Underperform)
Total Votes:  730
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 OFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/21/2019 by MarketBeat.com Staff

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