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 September 30, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% 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 159 office and data center shell properties encompassed 17.7 million square feet and was 94.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:OFC
Previous Symbol
CUSIP22002T10
Phone443-285-5400
Debt
Debt-to-Equity Ratio1.12
Current Ratio1.92
Quick Ratio1.92
Price-To-Earnings
Trailing P/E Ratio12.03
Forward P/E Ratio12.14
P/E Growth2.69
Sales & Book Value
Annual Sales$612.82 million
Price / Sales4.34
Cash Flow$2.1189 per share
Price / Cash Flow11.52
Book Value$14.57 per share
Price / Book1.68
Profitability
EPS (Most Recent Fiscal Year)$2.03
Net Income$70.09 million
Net Margins10.78%
Return on Equity4.30%
Return on Assets1.80%
Miscellaneous
Employees375
Outstanding Shares108,860,000
Market Cap$2.66 billion
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 announced a quarterly dividend on Friday, November 30th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.275 per share on Tuesday, January 15th. This represents a $1.10 annualized dividend and a yield of 4.54%. The ex-dividend date is Friday, 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) announced its quarterly earnings results on Thursday, October, 25th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The real estate investment trust earned $137.41 million during the quarter, compared to analysts' expectations of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
What price target have analysts set for OFC?
7 brokerages have issued 1-year price targets for Corporate Office Properties Trust's shares. Their predictions range from $25.00 to $31.00. On average, they anticipate Corporate Office Properties Trust's stock price to reach $28.2857 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. 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 and 6 hold 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 trended very positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. 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 media sentiment score of 3.9 on InfoTrie's scale. They also assigned 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 near term.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Duke Realty (DRE), Klepierre (KLPEF), Federal Realty Investment Trust (FRT), Iron Mountain (IRM), AGNC Investment (AGNC), Sun Communities (SUI), Equity Lifestyle Properties (ELS), Camden Property Trust (CPT), National Retail Properties (NNN), VICI Properties (VICI), SL Green Realty (SLG), Vereit (VER), Omega Healthcare Investors (OHI), Gaming and Leisure Properties (GLPI) and Apartment Investment and Management (AIV).
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 58)
- Mr. Anthony Mifsud, Exec. VP & CFO (Age 54)
- Paul R. Adkins, Exec. VP & COO (Age 59)
- Mr. Gregory J. Thor, Chief Accounting Officer, Sr. VP & Controller (Age 54)
- 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 many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.71%), FMR LLC (12.68%), BlackRock Inc. (11.56%), Frontier Capital Management Co. LLC (3.05%), Channing Capital Management LLC (2.19%) and Cohen & Steers Inc. (1.80%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Lisa G Trimberger, Paul R Adkins, 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 JPMorgan Chase & Co., JPMorgan Chase & Co., Adelante Capital Management LLC, AMP Capital Investors Ltd, Citadel Advisors LLC, Morgan Stanley, V3 Capital Management L.P. and Bank of New York Mellon Corp. 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 acquired by a variety of institutional investors in the last quarter, including FMR LLC, WINTON GROUP Ltd, Frontier Capital Management Co. LLC, BlackRock Inc., FIL Ltd, Vanguard Group Inc., Renaissance Technologies LLC and Green Street Investors LLC. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Lisa G Trimberger, Paul R Adkins and Stephen E Budorick. 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 $24.21.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $2.66 billion and generates $612.82 million in revenue each year. The real estate investment trust earns $70.09 million in net income (profit) each year or $2.03 on an earnings per share basis. Corporate Office Properties Trust employs 375 workers across the globe.
What is Corporate Office Properties Trust's official website?
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)
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.
