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NYSE:OFC

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

$24.94
+0.39 (+1.59%)
(As of 09/14/2023)
Compare
Today's Range
$24.74
$25.02
50-Day Range
$24.41
$26.74
52-Week Range
$21.59
$28.69
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™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
16.3% Upside
$29.00 Price Target
Short Interest
Healthy
2.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.79
Upright™ Environmental Score
News Sentiment
1.17mentions 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

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

2.48 out of 5 stars

Real Estate Sector

2nd out of 6 stocks

REIT—Office Industry

1st out of 1 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 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 Price History

OFC Stock News Headlines

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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
COPT Declares Third Quarter 2023 Common Dividend
COPT Reports Second Quarter 2023 Results
See More Headlines
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OFC Company Calendar

Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Last Earnings
7/28/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Today
10/03/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

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 Forecast
$29.00
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+16.3%
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
Cash Flow
$2.60 per share
Book Value
$15.31 per share

Miscellaneous

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

Social Links

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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 - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 forecast for 2023?

3 Wall Street analysts have issued 1 year price targets for Corporate Office Properties Trust's stock. Their OFC share price forecasts range from $28.00 to $31.00. On average, they expect the company's stock price to reach $29.00 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for OFC
or view top-rated stocks among Wall Street analysts.

How have OFC shares performed in 2023?

Corporate Office Properties Trust's stock was trading at $25.94 at the start of the year. Since then, OFC shares have decreased by 3.9% and is now trading at $24.94.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our OFC earnings forecast
.

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

Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings results on Friday, July, 28th. The real estate investment trust reported $0.27 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 analyst estimates 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 revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $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 yield of 4.57%. 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 guidance has Corporate Office Properties Trust issued on next quarter's earnings?

Corporate Office Properties Trust updated its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.38-$2.42 for the period, compared to the consensus earnings per share estimate of $2.39.

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).

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 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 $24.94.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.81 billion and generates $739.03 million in revenue each year. The real estate investment trust earns $173.03 million in net income (profit) each year or $1.69 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

The company employs 395 workers across the globe.

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 the company 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 10/3/2023 by MarketBeat.com Staff

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