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:
- Sector: Finance
- Industry: REIT - Office
- Sub-Industry: Office REITs
- Symbol: NYSE:OFC
- CUSIP: 22002T10
- Web: www.copt.com
- Market Cap: $3.32 billion
- Outstanding Shares: 98,411,000
- 50 Day Moving Avg: $33.43
- 200 Day Moving Avg: $31.90
- 52 Week Range: $24.92 - $34.56
Sales & Book Value:
- Trailing P/E Ratio: 278.60
- Foreward P/E Ratio: 36.64
- P/E Growth: 4.97
- Annual Revenue: $571.87 million
- Price / Sales: 5.80
- Book Value: $13.85 per share
- Price / Book: 2.43
- Annual Dividend: $1.10
- Dividend Yield: 3.3%
- EBIDTA: $294.74 million
- Net Margins: 1.99%
- Return on Equity: 0.85%
- Return on Assets: 0.30%
- Debt-to-Equity Ratio: 1.34%
- Current Ratio: 3.63%
- Quick Ratio: 1.96%
- Average Volume: 842,987 shs.
- Beta: 0.82
- Short Ratio: 4.12
Frequently Asked Questions for Corporate Office Properties Trust (NYSE:OFC)
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, May 12th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.275 per share on Monday, July 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, June 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) issued its quarterly earnings data on Thursday, April, 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.01. The firm earned $139.80 million during the quarter, compared to analyst estimates of $135.16 million. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. 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 updated its FY17 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $2.01-2.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.05. Corporate Office Properties Trust also updated its Q2 guidance to $0.47-0.49 EPS.
Where is Corporate Office Properties Trust's stock going? Where will Corporate Office Properties Trust's stock price be in 2017?
10 equities research analysts have issued 1-year price objectives for Corporate Office Properties Trust's stock. Their forecasts range from $29.00 to $38.00. On average, they expect Corporate Office Properties Trust's share price to reach $32.50 in the next year. View Analyst Ratings for Corporate Office Properties Trust.
What are 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. " (5/9/2017)
- 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)
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Liberty Property Trust (LPT), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Biomed Realty Trust (BMR), Gramercy Property Trust (GPT), DuPont Fabros Technology (DFT), Equity Commonwealth (EQC), CoreSite Realty Corp (COR), Piedmont Office Realty Trust (PDM), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Mack Cali Realty Corp (CLI), Brookfield Canada Office Properties (BOXC), Select Income REIT (SIR), Government Properties Income Trust (GOV), New York REIT (NYRT), Parkway (PKY) and TIER REIT (TIER).
Who owns Corporate Office Properties Trust stock?
Corporate Office Properties Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (15.59%), BlackRock Inc. (10.39%), FMR LLC (5.83%), State Street Corp (4.47%), JPMorgan Chase & Co. (3.86%) and Wellington Management Group LLP (3.61%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Karen M Singer, 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 Lasalle Investment Management Securities LLC, Bank of New York Mellon Corp, Strs Ohio, Thrivent Financial For Lutherans, Prudential Financial Inc., Massachusetts Financial Services Co. MA, Denver Investment Advisors LLC and Renaissance Technologies LLC. Company insiders that have sold Corporate Office Properties Trust 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., Vanguard Group Inc., Goldman Sachs Group Inc., Wellington Management Group LLP and State Street Corp. 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Corporate Office Properties Trust stock cost?
One share of Corporate Office Properties Trust stock can currently be purchased for approximately $33.71.
Earnings History for Corporate Office Properties Trust (NYSE:OFC)Earnings History by Quarter for Corporate Office Properties Trust (NYSE:OFC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017|| || || || || || || || |
|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|
Earnings Estimates for Corporate Office Properties Trust (NYSE:OFC)
2017 EPS Consensus Estimate: $2.04
2018 EPS Consensus Estimate: $2.20
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Corporate Office Properties Trust (NYSE:OFC)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-2,749.31% (Trailing 12 Months of Earnings) |
130.95% (Based on This Year's Estimates)
119.57% (Based on Next Year's Estimates)
Dividend History by Quarter for Corporate Office Properties Trust (NYSE:OFC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Corporate Office Properties Trust (NYSE:OFC)
Insider Ownership Percentage: 1.00%Insider Trades by Quarter for Corporate Office Properties Trust (NYSE:OFC)
Institutional Ownership Percentage: 97.98%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
Headline Trends for Corporate Office Properties Trust (NYSE:OFC)
Latest Headlines for Corporate Office Properties Trust (NYSE:OFC)
Corporate Office Properties Trust (OFC) Chart for Saturday, May, 27, 2017