Corporate Office Properties Trust Company Profile (NYSE:OFC)

About Corporate Office Properties Trust

Corporate Office Properties Trust logoCorporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other. The Defense/IT segment includes Fort George G. Meade and the Baltimore/Washington Corridor (Fort Meade/BW Corridor); Northern Virginia Defense/IT Locations; Lackland Air Force Base (in San Antonio); locations serving the United States Navy (Navy Support Locations); Redstone Arsenal (in Huntsville); Colorado Defense/IT Locations, and data center shells. Its properties include approximately 180 operating office properties totaling over 18.1 million square feet; approximately 10 office properties; over 1,440 acres of land, and a wholesale data center with a critical load of approximately 19.25 megawatts. The Company conducts its operations through Corporate Office Properties, L.P.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: OFC
  • CUSIP: 22002T10
Key Metrics:
  • Previous Close: $28.41
  • 50 Day Moving Average: $29.24
  • 200 Day Moving Average: $26.87
  • Trailing P/E Ratio: 28.58
  • Foreward P/E Ratio: 13.53
  • P/E Growth: 5.98
  • Market Cap: $2.68B
  • Outstanding Shares: 94,300,000
  • Beta: 1.09
Additional Links:
Companies Related to Corporate Office Properties Trust:

Analyst Ratings

Consensus Ratings for Corporate Office Properties Trust (NYSE:OFC) (?)
Ratings Breakdown: 6 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $28.00 (1.44% downside)

Analysts' Ratings History for Corporate Office Properties Trust (NYSE:OFC)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016BTIG ResearchInitiated CoverageBuy$33.00View Rating Details
8/15/2016JPMorgan Chase & Co.Boost Price TargetNeutral$26.00 -> $29.00View Rating Details
8/2/2016MizuhoBoost Price TargetBuy$30.00 -> $34.00View Rating Details
7/29/2016Jefferies GroupReiterated RatingHold$27.00View Rating Details
7/15/2016KeyCorpDowngradeHoldView Rating Details
4/12/2016Credit Suisse Group AGUpgradeNeutral -> Outperform$23.50 -> $29.00View Rating Details
3/21/2016Evercore ISIBoost Price Target$25.00View Rating Details
2/17/2016Stifel NicolausUpgradeSell -> HoldView Rating Details
10/1/2015Cowen and CompanyUpgradeBuy$30.50 -> $29.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$27.00 -> $24.00View Rating Details
7/30/2015Royal Bank Of CanadaLower Price TargetSector Perform$30.00 -> $26.00View Rating Details
6/5/2015Raymond James Financial Inc.Lower Price TargetOutperform$33.00 -> $30.50View Rating Details
5/7/2015Robert W. BairdReiterated RatingOutperform$33.00 -> $32.00View Rating Details
1/14/2015Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details
10/21/2014SunTrust Banks Inc.Initiated CoverageBuyView Rating Details
9/11/2014Capital One Financial Corp.Initiated CoverageOverweight$33.00View Rating Details
(Data available from 8/28/2014 forward)

Earnings

Earnings History for Corporate Office Properties Trust (NYSE:OFC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
7/29/2016Q216$0.50$0.36$116.93 million$145.93 millionViewListenView Earnings Details
4/29/2016Q116$0.47$0.47$113.83 million$144.30 millionViewListenView Earnings Details
2/12/2016Q415$0.52$0.52$114.35 million$143.30 millionViewListenView Earnings Details
10/29/2015Q315$0.52$0.52$107.30 million$150.70 millionViewListenView Earnings Details
7/28/2015Q215$0.50$0.52$104.27 million$170.40 millionViewListenView Earnings Details
4/28/2015Q115$0.46$0.45$97.30 million$161.03 millionViewN/AView Earnings Details
2/10/2015Q414$0.57$0.49$95.40 million$146.97 millionViewN/AView Earnings Details
10/24/2014Q314$0.18$0.22$153.02 millionViewListenView Earnings Details
7/25/2014Q214$0.16$0.02$95.32 million$139.82 millionViewListenView Earnings Details
4/25/2014Q114$0.13$0.48$95.68 million$146.67 millionViewListenView Earnings Details
2/7/2014Q413$0.20$0.48$95.94 million$118.49 millionViewListenView Earnings Details
10/25/2013Q313$0.28$0.49$96.48 million$136.00 millionViewListenView Earnings Details
7/26/2013Q213$0.51$0.52$97.99 millionViewListenView Earnings Details
4/26/2013Q213$0.20$0.48$104.57 million$116.74 millionViewListenView Earnings Details
2/8/2013Q412$0.18$0.16$92.31 million$137.51 millionViewN/AView Earnings Details
10/25/2012$0.52$0.53ViewN/AView Earnings Details
7/26/2012$0.52$0.54ViewN/AView Earnings Details
4/26/2012$0.50$0.53ViewN/AView Earnings Details
2/9/2012($0.29)($0.30)ViewN/AView Earnings Details
10/27/2011$0.50$0.52ViewN/AView Earnings Details
7/28/2011$0.03$0.57ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Corporate Office Properties Trust (NYSE:OFC)
Current Year EPS Consensus Estimate: $2.01 EPS
Next Year EPS Consensus Estimate: $2.1 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.43$0.50$0.46
Q2 20165$0.49$0.52$0.51
Q3 20164$0.50$0.51$0.51
Q4 20164$0.50$0.53$0.52
Q1 20172$0.46$0.49$0.48
Q2 20173$0.51$0.55$0.53
Q3 20172$0.53$0.54$0.54
Q4 20172$0.54$0.55$0.55
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Corporate Office Properties Trust (NYSE:OFC)
Annual Dividend:$1.10
Dividend Yield:3.87%
Payout Ratio:111.11% (Based on Trailing 12 Months of Earnings)
54.73% (Based on Current Year Consensus EPS Estimate)
52.38% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:-3.90% (3 Year Average)

Dividend History for Corporate Office Properties Trust (NYSE:OFC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/13/2016Quarterly$0.286/28/20166/30/20167/15/2016
2/11/2016Quarterly$0.283/29/20163/31/20164/15/2016
12/11/2015Quarterly$0.2812/29/201512/31/20151/15/2016
9/10/2015$0.289/28/20159/30/201510/15/2015
5/8/2015quarterly$0.284.1%6/26/20156/30/20157/15/2015
3/6/2015quarterly$0.283.84%3/27/20153/31/20154/15/2015
12/12/2014quarterly$0.283.9%12/29/201412/31/20141/15/2015
9/18/2014quarterly$0.284.14%9/26/20149/30/201410/15/2014
5/8/2014quarterly$0.284.05%6/26/20146/30/20147/15/2014
3/6/2014quarterly$0.284.26%3/27/20143/31/20144/15/2014
12/5/2013quarterly$0.284.99%12/27/201312/31/20131/15/2014
9/12/2013quarterly$0.284.7%9/26/20139/30/201310/15/2013
5/9/2013quarterly$0.283.78%6/26/20136/28/20137/15/2013
2/28/2013quarterly$0.284.26%3/26/20133/31/20134/15/2013
12/13/2012quarterly$0.284.46%12/27/201212/31/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Corporate Office Properties Trust (NYSE:OFC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/4/2016Robert L DentonDirectorSell2,000$29.49$58,980.00View SEC Filing  
6/9/2016Greg J ThorCAOSell2,085$27.56$57,462.60View SEC Filing  
6/1/2016David M JacobsteinDirectorSell1,500$26.99$40,485.00View SEC Filing  
5/9/2016Robert L. DentonDirectorSell3,007$26.80$80,587.60View SEC Filing  
3/17/2016Greg J ThorCAOSell2,183$25.95$56,648.85View SEC Filing  
2/17/2016David M JacobsteinDirectorSell2,000$22.23$44,460.00View SEC Filing  
11/17/2015Karen M SingerSVPSell7,500$21.55$161,625.00View SEC Filing  
6/10/2015David M JacobsteinDirectorSell3,600$24.87$89,532.00View SEC Filing  
3/16/2015Steven D KeslerDirectorSell5,000$29.47$147,350.00View SEC Filing  
2/27/2015David M JacobsteinDirectorBuy4,055$29.60$120,028.00View SEC Filing  
2/20/2015Robert L DentonDirectorSell8,000$29.90$239,200.00View SEC Filing  
12/16/2014Robert L DentonDirectorSell3,000$27.80$83,400.00View SEC Filing  
9/8/2014Thomas F BradyDirectorSell5,000$29.05$145,250.00View SEC Filing  
8/19/2014Robert L DentonDirectorSell2,500$28.27$70,675.00View SEC Filing  
8/13/2014David M JacobsteinDirectorSell5,900$28.18$166,262.00View SEC Filing  
6/2/2014Greg J ThorCAOSell1,593$27.92$44,476.56View SEC Filing  
5/9/2014Robert DentonDirectorSell2,865$26.70$76,495.50View SEC Filing  
5/2/2014Greg ThorCAOSell1,000$26.79$26,790.00View SEC Filing  
4/4/2014Clay Hamlin IIIDirectorSell10,000$27.00$270,000.00View SEC Filing  
3/5/2014Greg ThorCAOSell2,233$27.08$60,469.64View SEC Filing  
3/4/2014Steven KeslerDirectorSell5,000$26.67$133,350.00View SEC Filing  
3/3/2014Greg ThorCAOSell1,671$26.77$44,732.67View SEC Filing  
2/19/2014Clay Hamlin IIIDirectorSell12,849$27.00$346,923.00View SEC Filing  
2/14/2014Clay Hamlin IIIDirectorSell17,151$27.00$463,077.00View SEC Filing  
12/12/2013Omega Healthcare Investors IncDirectorBuy10,000$22.09$220,900.00View SEC Filing  
11/26/2013Roger Waesche, Jr.PresidentBuy10,000$21.85$218,500.00View SEC Filing  
9/18/2013Clay Hamlin IIIDirectorSell5,000$24.00$120,000.00View SEC Filing  
9/4/2013Clay Hamlin IIIDirectorSell5,000$22.81$114,050.00View SEC Filing  
8/2/2013Clay Hamlin IIIDirectorSell10,000$25.56$255,600.00View SEC Filing  
7/8/2013Clay W Hamlin IIIDirectorSell10,000$26.29$262,900.00View SEC Filing  
6/3/2013Clay W Hamlin IIIDirectorSell10,000$26.56$265,600.00View SEC Filing  
5/14/2013Robert L DentonDirectorSell3,525$29.27$103,176.75View SEC Filing  
5/1/2013Clay W Hamlin IIIDirectorSell10,000$28.86$288,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Corporate Office Properties Trust (NYSE:OFC)
DateHeadline
publicnow.com logoCOPT Declares Third Quarter 2016 Dividends (NYSE:OFC)
www.publicnow.com - August 25 at 6:38 PM
capitalcube.com logoETF’s with exposure to Corporate Office Properties Trust, Inc. : August 18, 2016 (NYSE:OFC)
www.capitalcube.com - August 18 at 6:46 PM
mysmartrend.com logoCorporate Office Properties Trust Up 26.8% Since SmarTrend Uptrend Call (OFC) (NYSE:OFC)
www.mysmartrend.com - August 17 at 6:52 PM
capitalcube.com logoCorporate Office Properties Trust, Inc. breached its 50 day moving average in a Bearish Manner : OFC-US : August 17, 2016 (NYSE:OFC)
www.capitalcube.com - August 17 at 9:39 AM
finance.yahoo.com logoCORPORATE OFFICE PROPERTIES TRUST Financials (NYSE:OFC)
finance.yahoo.com - August 9 at 6:52 PM
twst.com logoCOPT – Corporate Office Properties Trust: COPT’s Arborcrest Campus Sells for $143 Million (NYSE:OFC)
www.twst.com - August 5 at 9:42 AM
publicnow.com logoCOPT’s Arborcrest Campus Sells for $143 Million (NYSE:OFC)
www.publicnow.com - August 4 at 7:03 PM
biz.yahoo.com logoCorporate Office Properties Trust Earnings Call (Q2 2016) (NYSE:OFC)
biz.yahoo.com - July 30 at 9:27 AM
seekingalpha.com logoCorporate Office Properties' (OFC) CEO Steve Budorick on Q2 2016 Results - Earnings Call Transcript (NYSE:OFC)
seekingalpha.com - July 30 at 9:27 AM
finance.yahoo.com logoEdited Transcript of OFC earnings conference call or presentation 29-Jul-16 4:00pm GMT (NYSE:OFC)
finance.yahoo.com - July 29 at 2:03 PM
biz.yahoo.com logoCorporate Office Properties Trust Earnings Call scheduled for 12:00 pm ET today (NYSE:OFC)
biz.yahoo.com - July 29 at 7:34 AM
biz.yahoo.com logoQ2 2016 Corporate Office Properties Trust Earnings Release - 06:00 am ET (NYSE:OFC)
biz.yahoo.com - July 29 at 7:07 AM
sg.finance.yahoo.com logoCorporate Office Properties reports 2Q results (NYSE:OFC)
sg.finance.yahoo.com - July 29 at 6:37 AM
feeds.reuters.com logoBRIEF-Corporate Office Properties Trust Q2 adjusted FFO per share $0.52 (NYSE:OFC)
feeds.reuters.com - July 28 at 6:06 PM
News IconWorkspace Property Trust Buys Office, Flex Portfolio for $969M (NYSE:OFC)
www.cpexecutive.com - July 27 at 9:39 AM
News IconGreat Valley properties sold in $1B transaction (NYSE:OFC)
www.dailylocal.com - July 26 at 6:55 PM
News IconLiberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company (NYSE:OFC)
www.philly.com - July 26 at 6:55 PM
4-traders.com logoCorporate Office Properties Trust : half-yearly earnings release (NYSE:OFC)
www.4-traders.com - July 26 at 6:55 PM
4-traders.com logoCorporate Office Properties : COPT Completes Data Center Joint Venture (NYSE:OFC)
www.4-traders.com - July 21 at 6:56 PM
finance.yahoo.com logoCOPT Completes Data Center Joint Venture (NYSE:OFC)
finance.yahoo.com - July 21 at 5:24 PM
prnewswire.com logoCity Office REIT Announces Closing of Office Property in Orlando, Florida (NYSE:OFC)
www.prnewswire.com - July 13 at 9:35 AM
publicnow.com logoCOPT Announces Second Quarter 2016 Earnings Conference Call (NYSE:OFC)
www.publicnow.com - July 6 at 8:31 AM
News IconCorporate Office Properties Trust (OFC) Reaches New 12-Month High at $28.75 (NYSE:OFC)
www.lightwaveonline.com - June 30 at 6:54 PM
bizjournals.com logoCOPT to develop data centers on 62 acres in Northern Virginia for a Fortune 500 company (NYSE:OFC)
www.bizjournals.com - June 24 at 9:11 AM
bizjournals.com logoWe know COPT is building two data centers in Manassas. We don't know for whom. (NYSE:OFC)
www.bizjournals.com - June 23 at 12:15 PM
4-traders.com logoCorporate Office Properties : COPT Commences 368,000 SF of Build-to-Suit Projects for Strategic Tenant in Manassas, Va (NYSE:OFC)
www.4-traders.com - June 23 at 9:18 AM
seekingalpha.com logoCorporate Office Properties starts 368K square-feet of NoVa projects (NYSE:OFC)
seekingalpha.com - June 23 at 9:18 AM
publicnow.com logoCOPT Commences 368,000 SF of Build-to-Suit Projects for Strategic Tenant in Manassas, Va (NYSE:OFC)
www.publicnow.com - June 23 at 8:09 AM
prnewswire.com logoCity Office REIT Announces Sale of Corporate Parkway Property for $44.9 Million (NYSE:OFC)
www.prnewswire.com - June 15 at 6:33 PM
News IconCorporate Office Properties Trust (OFC) Sets New 52-Week High at $27.78 (NYSE:OFC)
www.lightwaveonline.com - June 11 at 6:47 PM
News IconCorporate Office Properties Trust (OFC) Reaches New 12-Month High at $27.78 (NYSE:OFC)
www.lightwaveonline.com - June 9 at 6:56 PM
bizjournals.com logoAnother Baltimore firm teaming with University of Maryland on new development (NYSE:OFC)
www.bizjournals.com - June 9 at 6:08 PM
nasdaq.com logoCorporate Office Properties Trust's Series L Preferred Shares Yield Pushes Past 7% (NYSE:OFC)
www.nasdaq.com - June 9 at 9:34 AM
4-traders.com logoCORPORATE OFFICE PROPERTIES TRUST : Regulation FD Disclosure (form 8-K) (NYSE:OFC)
www.4-traders.com - June 7 at 6:49 PM
biz.yahoo.com logoCORPORATE OFFICE PROPERTIES TRUST Files SEC form 8-K, Regulation FD Disclosure (NYSE:OFC)
biz.yahoo.com - June 6 at 4:15 PM
publicnow.com logoCOPT to Present at the 2016 NAREIT Investor Forum (NYSE:OFC)
www.publicnow.com - June 3 at 8:15 AM
News IconTarget Check and Stock Performance Recap Corporate Office Properties Trust (NYSE:OFC) - Wall Street Hints and News (NYSE:OFC)
hintsnewsnetwork.com - May 24 at 3:03 PM
News IconEarnings Review and Stock Rundown for Corporate Office Properties Trust (NYSE:OFC) - Wall Street Hints and News (NYSE:OFC)
hintsnewsnetwork.com - May 24 at 3:03 PM
bizjournals.com logoCOPT to take a gamble on the University of Maryland - Washington Business Journal (NYSE:OFC)
www.bizjournals.com - May 19 at 2:22 PM
bizjournals.com logoCOPT to take a gamble on the University of Maryland (NYSE:OFC)
www.bizjournals.com - May 19 at 2:10 PM
capitalcube.com logoCorporate Office Properties Trust, Inc. breached its 50 day moving average in a Bearish Manner : OFC-US : May 19, 2016 (NYSE:OFC)
www.capitalcube.com - May 19 at 8:53 AM
biz.yahoo.com logoCORPORATE OFFICE PROPERTIES TRUST Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matter (NYSE:OFC)
biz.yahoo.com - May 17 at 5:20 PM
streetinsider.com logoCorporate Office Properties Trust (OFC) Completes CEO Succession - StreetInsider.com (NYSE:OFC)
www.streetinsider.com - May 13 at 9:05 AM
publicnow.com logoCOPT Declares Second Quarter 2016 Dividends (NYSE:OFC)
www.publicnow.com - May 12 at 5:27 PM
publicnow.com logoCOPT Completes CEO Succession (NYSE:OFC)
www.publicnow.com - May 12 at 5:27 PM
News IconEarnings Outlook on Corporate Office Properties Trust (NYSE:OFC) - B.O.D.Y Confidential (NYSE:OFC)
www.bodyconfidential.com - May 4 at 7:33 AM
biz.yahoo.com logoCORPORATE OFFICE PROPERTIES TRUST Files SEC form 10-Q, Quarterly Report (NYSE:OFC)
biz.yahoo.com - May 3 at 5:19 PM
streetinsider.com logoMizuho Securities Remains Bullish on Corporate Office Properties Trust (OFC) Following Q1 - StreetInsider.com (NYSE:OFC)
www.streetinsider.com - May 3 at 8:24 AM
streetinsider.com logoMizuho Securities Remains Bullish on Corporate Office Properties Trust (OFC) Following Q1 (NYSE:OFC)
www.streetinsider.com - May 3 at 8:24 AM
finance.yahoo.com logoCOPT to Present at Citi’s 2016 Global Property CEO Conference (NYSE:OFC)
finance.yahoo.com - March 11 at 8:00 AM

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Corporate Office Properties Trust (NYSE:OFC) Chart for Sunday, August, 28, 2016


Last Updated on 8/28/2016 by MarketBeat.com Staff