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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:OFC

Corporate Office Properties Trust - OFC Stock Forecast, Price & News

$26.41
-0.14 (-0.53%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$26.16
$26.60
50-Day Range
$25.32
$28.15
52-Week Range
$23.89
$29.64
Volume
410,000 shs
Average Volume
792,026 shs
Market Capitalization
$2.97 billion
P/E Ratio
22.57
Dividend Yield
4.17%
Price Target
$27.80

Corporate Office Properties Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.3% Upside
$27.80 Price Target
Short Interest
Healthy
4.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.79
Upright™ Environmental Score
News Sentiment
0.83mentions of Corporate Office Properties Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$91,344 Sold Last Quarter
Proj. Earnings Growth
3.85%
From $2.34 to $2.43 Per Share

Overall MarketRank

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

2.00 out of 5 stars

Finance Sector

778th out of 1,176 stocks

Real Estate Investment Trusts Industry

149th out of 215 stocks

OFC stock logo

About Corporate Office Properties Trust (NYSE:OFC) Stock

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 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 December 31, 2020, the Company derived 87% of its core portfolio annualized rental revenue from Defense/IT Locations and 13% from its Regional Office Properties. As of the same date and including 17 properties owned through unconsolidated joint ventures, COPT's core portfolio of 179 office and data center shell properties encompassed 20.8 million square feet and was 95.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.

Analyst Ratings Changes

OFC has been the subject of several recent analyst reports. Jefferies Financial Group lowered their price target on Corporate Office Properties Trust from $29.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, June 30th. StockNews.com downgraded Corporate Office Properties Trust from a "buy" rating to a "sell" rating in a report on Friday. Wells Fargo & Company decreased their price objective on Corporate Office Properties Trust from $33.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, July 1st. Finally, Truist Financial decreased their price objective on Corporate Office Properties Trust from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.80.

Corporate Office Properties Trust Stock Down 0.5 %

OFC Stock traded down $0.14 during mid-day trading on Friday, reaching $26.41. The company had a trading volume of 410,094 shares, compared to its average volume of 567,143. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.46 and a quick ratio of 1.79. The stock has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $26.79. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.15 and a beta of 0.92. Corporate Office Properties Trust has a 52 week low of $23.89 and a 52 week high of $29.64.

Corporate Office Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.17%. Corporate Office Properties Trust's dividend payout ratio is 94.02%.

Insider Buying and Selling at Corporate Office Properties Trust

In other news, Director Robert L. Denton sold 3,416 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $26.74, for a total value of $91,343.84. Following the completion of the sale, the director now directly owns 3,941 shares of the company's stock, valued at $105,382.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.85% of the company's stock.

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OFC Stock News Headlines

COPT Reports 2Q 2022 Results
COPT Declares 98th Consecutive Common Dividend
Corporate Office Properties Trust Tops Q1 EPS by 23c
COPT 1Q 2022 Results Exceed Guidance
Fiscal Year 2022 Defense Budget Appropriated
See More Headlines
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OFC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/08/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Office REITs
Sector
Finance
CUSIP
22002T10
Employees
405
Year Founded
1988

Price Target and Rating

Average Stock Price Forecast
$27.80
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$76.54 million
Pretax Margin
10.06%

Debt

Sales & Book Value

Annual Sales
$664.45 million
Cash Flow
$2.04 per share
Book Value
$14.75 per share

Miscellaneous

Free Float
111,459,000
Market Cap
$2.97 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Mr. Stephen E. Budorick (Age 62)
    Pres, CEO & Trustee
    Comp: $2.22M
  • Mr. Anthony Mifsud (Age 58)
    Exec. VP & CFO
    Comp: $1.23M
  • Mr. Todd W. Hartman (Age 55)
    Exec. VP & COO
    Comp: $1.28M
  • Mr. Gregory J. Thor (Age 58)
    Chief Accounting Officer, Sr. VP & Controller
  • Mr. David L. Finch
    VP, Gen. Counsel & Sec.
  • Mr. S. Judson Williams
    Sr. VP of Bus. Devel.
  • Ms. Holly G. Edington
    Sr. VP of HR
  • Ms. Catherine M. Ward
    Sr. VP of Asset Management & Leasing
  • Mr. Dean A. Lopez
    Sr. VP of Devel. & Construction
  • Mr. Charles J. Fiala Jr.
    Sr. VP of Operations & Gov. Services













OFC Stock - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Corporate Office Properties Trust stock.
View analyst ratings for Corporate Office Properties Trust
or view top-rated stocks.

What is Corporate Office Properties Trust's stock price forecast for 2022?

6 Wall Street analysts have issued 12-month target prices for Corporate Office Properties Trust's stock. Their OFC stock forecasts range from $24.00 to $31.00. On average, they predict Corporate Office Properties Trust's share price to reach $27.80 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for Corporate Office Properties Trust
or view top-rated stocks among Wall Street analysts.

How has Corporate Office Properties Trust's stock price performed in 2022?

Corporate Office Properties Trust's stock was trading at $27.97 at the beginning of 2022. Since then, OFC stock has decreased by 5.6% and is now trading at $26.41.
View the best growth stocks for 2022 here
.

When is Corporate Office Properties Trust's next earnings date?

Corporate Office Properties Trust is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Corporate Office Properties Trust
.

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

Corporate Office Properties Trust (NYSE:OFC) issued its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.04. The real estate investment trust had revenue of $195.48 million for the quarter, compared to analyst estimates of $168.33 million. Corporate Office Properties Trust had a trailing twelve-month return on equity of 6.04% and a net margin of 17.85%. The firm's revenue was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.56 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, May 12th. Investors of record on Thursday, June 30th will be given a dividend of $0.275 per share on Friday, July 15th. This represents a $1.10 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Wednesday, June 29th.
View Corporate Office Properties Trust's dividend history
.

Is Corporate Office Properties Trust a good dividend stock?

Corporate Office Properties Trust(NYSE:OFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.17%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Corporate Office Properties Trust is 94.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 45.27% next year. This indicates that Corporate Office Properties Trust will be able to sustain or increase its dividend.
View Corporate Office Properties Trust's dividend history.

What guidance has Corporate Office Properties Trust issued on next quarter's earnings?

Corporate Office Properties Trust issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.57-$0.59 for the period. The company issued revenue guidance of -.

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

8 employees have rated Corporate Office Properties Trust CEO Stephen E. Budorick on Glassdoor.com. Stephen E. Budorick has an approval rating of 49% among Corporate Office Properties Trust'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).

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."

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 investors include Victory Capital Management Inc. (4.21%), Frontier Capital Management Co. LLC (1.38%), Fort Washington Investment Advisors Inc. OH (1.02%), Deroy & Devereaux Private Investment Counsel Inc. (0.82%), Sumitomo Mitsui Trust Holdings Inc. (0.81%) and Russell Investments Group Ltd. (0.68%). Company insiders that own Corporate Office Properties Trust 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 for Corporate Office Properties Trust
.

How do I buy shares of Corporate Office Properties Trust?

Shares of OFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Corporate Office Properties Trust's stock price today?

One share of OFC stock can currently be purchased for approximately $26.41.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.97 billion and generates $664.45 million in revenue each year. The real estate investment trust earns $76.54 million in net income (profit) each year or $1.17 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

Corporate Office Properties Trust employs 405 workers across the globe.

When was Corporate Office Properties Trust founded?

Corporate Office Properties Trust was founded in 1988.

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 official website for Corporate Office Properties Trust is www.copt.com. The real estate investment trust can be reached via phone at (443) 285-5400, via email at ir@copt.com, or via fax at 443-285-7650.

This page (NYSE:OFC) was last updated on 8/8/2022 by MarketBeat.com Staff

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