Should I buy or sell Corporate Office Properties Trust stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OFC, but not buy additional shares or sell existing shares. View OFC analyst ratings or view top-rated stocks .

What is Corporate Office Properties Trust's stock price target for 2024?

3 brokers have issued 12-month target prices for Corporate Office Properties Trust's stock. Their OFC share price targets range from $28.00 to $31.00. On average, they predict the company's share price to reach $29.00 in the next year. View analysts price targets for OFC or view top-rated stocks among Wall Street analysts .

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

Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings data on Friday, July, 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.32. The real estate investment trust had revenue of $169.20 million for the quarter, compared to the consensus estimate of $150.38 million. Corporate Office Properties Trust had a net margin of 27.43% and a trailing twelve-month return on equity of 10.93%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share.

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 Thursday, August 10th. Investors of record on Friday, September 29th will be paid a dividend of $0.285 per share on Monday, October 16th. This represents a $1.14 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Thursday, September 28th. Read our dividend analysis for OFC .

Is Corporate Office Properties Trust a good dividend stock?

Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.14 per share and currently has a dividend yield of 4.57%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 67.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFC will have a dividend payout ratio of 45.60% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OFC .

What ETFs hold Corporate Office Properties Trust's stock?

ETFs with the largest weight of Corporate Office Properties Trust (NYSE:OFC) stock in their portfolio include Invesco S&P MidCap Low Volatility ETF (XMLV) , Cambria Global Real Estate ETF (BLDG) , Vident U.S. Diversified Real Estate ETF (PPTY) , First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) , WisdomTree New Economy Real Estate Fund (WTRE) , AGF U.S. Market Neutral Anti-Beta Fund (BTAL) , VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and iShares ESG Aware MSCI USA Small-Cap ETF (ESML) .

What is Stephen E. Budorick's approval rating as Corporate Office Properties Trust's CEO?

8 employees have rated Corporate Office Properties Trust Chief Executive Officer Stephen E. Budorick on Glassdoor.com . Stephen E. Budorick has an approval rating of 49% among the company's employees. This puts Stephen E. Budorick in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 Ventas (VTR) , AT&T (T) , Physicians Realty Trust (DOC) , Enterprise Products Partners (EPD) , Iron Mountain (IRM) , Kimco Realty (KIM) , Realty Income (O) , American Tower (AMT) , LTC Properties (LTC) and Verizon Communications (VZ) .

Who are Corporate Office Properties Trust's major shareholders?

Corporate Office Properties Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (1.25%), Raymond James & Associates (0.17%), Foster & Motley Inc. (0.04%), Summit Global Investments (0.04%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include C Taylor Pickett , David M Jacobstein , Greg J Thor , Lisa G Trimberger , Robert L Denton , Stephen E Budorick , Steven D Kesler and Steven D Kesler . View institutional ownership trends .

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

Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: N/A
50-Day Range: $24.41
▼
$26.74
52-Week Range: N/A

Volume: 542,700 shs
Average Volume: 733,029 shs
Market Capitalization: $2.81 billion

P/E Ratio: 14.76
Dividend Yield: 4.57%
Price Target: $29.00

Corporate Office Properties Trust MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: ∞ Upside
$29.00 Price Target
Short Interest: N/A
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.79
Upright™ Environmental Score
News Sentiment: 1.49
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.73%
From $2.41 to $2.50 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Real Estate Sector

5th out of 17 stocks

REIT—Office Industry

1st out of 1 stocks

3.2

Analyst's Opinion

Consensus Rating
Corporate Office Properties Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.00, Corporate Office Properties Trust has a forecasted upside of ∞ from its current price of $0.00.
Amount of Analyst Coverage
Corporate Office Properties Trust has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for OFC.

3.3

Dividend Strength

Dividend Leadership
Corporate Office Properties Trust is a leading dividend payer. It pays a dividend yield of 4.57%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Corporate Office Properties Trust has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Corporate Office Properties Trust is 67.46%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 45.60% next year. This indicates that Corporate Office Properties Trust will be able to sustain or increase its dividend.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Corporate Office Properties Trust has received a -6.14% net impact score from Upright. Corporate Office Properties uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Real estate funds investing in office buildings" and "Real estate development services of offices" products. See details.
Environmental Sustainability
The Environmental Impact score for Corporate Office Properties Trust is -2.79.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Corporate Office Properties Trust this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for OFC on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corporate Office Properties Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.87% of the stock of Corporate Office Properties Trust is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Corporate Office Properties Trust are expected to grow by 3.73% in the coming year, from $2.41 to $2.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corporate Office Properties Trust is 14.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corporate Office Properties Trust is 14.76, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 159.51.
Price to Earnings Growth Ratio
Corporate Office Properties Trust has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

See Top Rated MarketRank™ Stocks Here

About Corporate Office Properties Trust Stock (NYSE:OFC)

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 (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of June 30, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95% leased.

December 4, 2023 | msn.com

Costco makes bid for North Dallas office tower on U.S. 75

November 28, 2023 | finance.yahoo.com

COPT Defense Properties President & CEO, Stephen Budorick Interviewed by Advisor Access.

December 4, 2023 | Edge On The Street (Ad)

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November 21, 2023 | msn.com

In tears, ex-Trump exec testifies he gave up company job because he was tired of legal woes

November 13, 2023 | businesswire.com

COPT Defense Appoints Britt A. Snider as Chief Operating Officer

October 4, 2023 | bizjournals.com

COPT plans large office expansion at Chantilly's Park Center to accommodate federal agency

September 19, 2023 | finance.yahoo.com

Why Corporate Office Properties (CDP) is a Great Dividend Stock Right Now

September 8, 2023 | finance.yahoo.com

COPT to Present at the BofA Securities 2023 Global Real Estate Conference

December 4, 2023 | DTI Trader (Ad)

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September 8, 2023 | msn.com

Corporate Office Properties Trust prices $300M exchangeable notes

September 7, 2023 | finance.yahoo.com

Corporate Office Properties Trust Announces Pricing of $300 Million of Exchangeable Senior Notes

September 6, 2023 | finance.yahoo.com

Corporate Office Properties Trust Announces Proposed Private Placement of $300 Million of Exchangeable Senior Notes

September 5, 2023 | markets.businessinsider.com

Truist Securities Maintains Hold Rating for Corporate Office Props Tr: Here's What You Need To Know

September 5, 2023 | finance.yahoo.com

Columbia's Corporate Office Properties Trust to rebrand with new name, ticker symbol

September 5, 2023 | finance.yahoo.com

Corporate Office Properties Trust Rebrands to COPT Defense Properties

September 4, 2023 | finance.yahoo.com

Why Corporate Office Properties (OFC) is a Top Dividend Stock for Your Portfolio

August 30, 2023 | markets.businessinsider.com

Wells Fargo Maintains Overweight Rating for Corporate Office Props Tr: Here's What You Need To Know

August 17, 2023 | msn.com

Evercore ISI Group Maintains Corporate Office Properties Trust (OFC) In-Line Recommendation

August 11, 2023 | finance.yahoo.com

COPT Declares Third Quarter 2023 Common Dividend

August 1, 2023 | seekingalpha.com

Corporate Office Properties: Further Room To Rise Following Strong Monthly Gains

July 29, 2023 | finance.yahoo.com

Q2 2023 Corporate Office Properties Trust Earnings Call

July 28, 2023 | seekingalpha.com

Corporate Office Properties Trust 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | finance.yahoo.com

COPT Reports Second Quarter 2023 Results

July 28, 2023 | finance.yahoo.com

Corporate Office Properties (OFC) Tops Q2 FFO Estimates

July 6, 2023 | finance.yahoo.com

COPT Provides Conference Call Details to Discuss 2Q 2023 Results

June 13, 2023 | msn.com

Wells Fargo Maintains Corporate Office Properties Trust (OFC) Overweight Recommendation

June 7, 2023 | thestreet.com

Corporate Office Stock To Go Ex-dividend Tomorrow (OFC)

See More Headlines

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Company Calendar

Last Earnings: 7/28/2023
Ex-Dividend for 10/16 Dividend: 9/28/2023
Dividend Payable: 10/16/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: REIT—Office
Sub-Industry: Office REITs
Sector: Real Estate
Current Symbol: NYSE:OFC
CUSIP: 22002T10
CIK: 860546
Web: www.copt.com
Phone: (443) 285-5400
Fax: 443-285-7650
Employees: 395
Year Founded: 1988

Price Target and Rating

Average Stock Price Target: $29.00
High Stock Price Target: $31.00
Low Stock Price Target: $28.00
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.69
Trailing P/E Ratio: 14.76
Forward P/E Ratio: N/A
P/E Growth: 0.94
Net Income: $173.03 million
Net Margins: 27.43%
Pretax Margin: 28.29%
Return on Equity: 10.93%
Return on Assets: 4.49%

Debt

Debt-to-Equity Ratio: 1.22
Current Ratio: 2.10
Quick Ratio: 2.10

Sales & Book Value

Annual Sales: $739.03 million
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 9.61
Book Value: $15.31 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 112,540,000
Free Float: 111,556,000
Market Cap: $2.81 billion
Optionable: Optionable
Beta: 1.03

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Key Executives

Mr. Stephen E. Budorick (Age 63)
Pres, CEO & Trustee
Comp: $1.96M
Mr. Anthony Mifsud (Age 59)
Exec. VP & CFO
Comp: $1.08M
Mr. Matthew T. Myers (Age 39)
Sr. VP, Chief Accounting Officer & Controller
Mr. Venkat Kommineni C.F.A.
VP of Investor Relations
Mr. David L. Finch
VP, Gen. Counsel & Sec.
Ms. Sarah Blackwell Rowland
Director of HR
Mr. Dean A. Lopez
Sr. VP of Devel. & Construction
Mr. Frank W. Ziegler
Sr. VP of New Bus. & Devel. Gov. Services
Mr. William S. Barroll
Managing SVP of Asset Management & Chief Bus. Officer
Mr. George Ruo
Managing SVP of Operations & Gov. Services

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Corporate Office Properties Trust stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OFC, but not buy additional shares or sell existing shares.
View OFC analyst ratings or view top-rated stocks.
What is Corporate Office Properties Trust's stock price target for 2024?: 3 brokers have issued 12-month target prices for Corporate Office Properties Trust's stock. Their OFC share price targets range from $28.00 to $31.00. On average, they predict the company's share price to reach $29.00 in the next year.
View analysts price targets for OFC or view top-rated stocks among Wall Street analysts.
How were Corporate Office Properties Trust's earnings last quarter?: Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings data on Friday, July, 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.32. The real estate investment trust had revenue of $169.20 million for the quarter, compared to the consensus estimate of $150.38 million. Corporate Office Properties Trust had a net margin of 27.43% and a trailing twelve-month return on equity of 10.93%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share.
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 Thursday, August 10th. Investors of record on Friday, September 29th will be paid a dividend of $0.285 per share on Monday, October 16th. This represents a $1.14 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for OFC.
Is Corporate Office Properties Trust a good dividend stock?: Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.14 per share and currently has a dividend yield of 4.57%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 67.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFC will have a dividend payout ratio of 45.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFC.

What ETFs hold Corporate Office Properties Trust's stock?: ETFs with the largest weight of Corporate Office Properties Trust (NYSE:OFC) stock in their portfolio include Invesco S&P MidCap Low Volatility ETF (XMLV), Cambria Global Real Estate ETF (BLDG), Vident U.S. Diversified Real Estate ETF (PPTY), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), WisdomTree New Economy Real Estate Fund (WTRE), AGF U.S. Market Neutral Anti-Beta Fund (BTAL), VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and iShares ESG Aware MSCI USA Small-Cap ETF (ESML).
What is Stephen E. Budorick's approval rating as Corporate Office Properties Trust's CEO?: 8 employees have rated Corporate Office Properties Trust Chief Executive Officer Stephen E. Budorick on Glassdoor.com. Stephen E. Budorick has an approval rating of 49% among the company's employees. This puts Stephen E. Budorick in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
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 Ventas (VTR), AT&T (T), Physicians Realty Trust (DOC), Enterprise Products Partners (EPD), Iron Mountain (IRM), Kimco Realty (KIM), Realty Income (O), American Tower (AMT), LTC Properties (LTC) and Verizon Communications (VZ).
Who are Corporate Office Properties Trust's major shareholders?: Corporate Office Properties Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (1.25%), Raymond James & Associates (0.17%), Foster & Motley Inc. (0.04%), Summit Global Investments (0.04%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include C Taylor Pickett, David M Jacobstein, Greg J Thor, Lisa G Trimberger, Robert L Denton, Stephen E Budorick, Steven D Kesler and Steven D Kesler.
View institutional ownership trends.

This page (NYSE:OFC) was last updated on 12/4/2023 by MarketBeat.com Staff

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

Corporate Office Properties Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Corporate Office Properties Trust Stock (NYSE:OFC)

OFC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

OFC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™