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NYSE:OFC

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

Notice: This company has been marked as potentially delisted and may not be actively trading.
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
1.49mentions of Corporate Office Properties Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.73%
From $2.41 to $2.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.29 out of 5 stars

Real Estate Sector

1st out of 2 stocks

REIT—Office Industry

1st out of 1 stocks

OFC stock logo

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.

OFC Stock News Headlines

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The Bitcoin halving is the #1 creator of "crypto millionaires". That's because historically, every halving has led to a massive bull run in the year after it happens. That means we're in the "golden window" right now…
3 'Mission Critical' REITs
The Analyst Verdict: COPT Defense In The Eyes Of 4 Experts
See More Headlines
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Company Calendar

Last Earnings
7/28/2023
Today
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
REIT—Office
Sub-Industry
Office REITs
CUSIP
22002T10
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

Net Income
$173.03 million
Pretax Margin
28.29%

Debt

Sales & Book Value

Annual Sales
$739.03 million
Book Value
$15.31 per share

Miscellaneous

Free Float
111,556,000
Market Cap
$2.81 billion
Optionable
Optionable
Beta
1.03

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Key Executives

  • Mr. Stephen E. BudorickMr. 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

OFC Stock Analysis - Frequently Asked Questions

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

Corporate Office Properties Trust (NYSE:OFC) issued its quarterly earnings results on Friday, July, 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by $0.32. The business's revenue was down 8.9% on a year-over-year basis.

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 other companies that Corporate Office Properties Trust investors own include Ventas (VTR), AT&T (T), Healthpeak Properties (DOC), Enterprise Products Partners (EPD), Iron Mountain (IRM), Kimco Realty (KIM) and Realty Income (O).

This page (NYSE:OFC) was last updated on 7/27/2024 by MarketBeat.com Staff

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