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

$28.29
-0.78 (-2.68 %)
(As of 12/12/2019 05:33 AM ET)
Today's Range
$28.28
Now: $28.29
$29.06
50-Day Range
$28.32
MA: $29.29
$30.13
52-Week Range
$20.03
Now: $28.29
$30.27
Volume502,000 shs
Average Volume675,723 shs
Market Capitalization$3.17 billion
P/E Ratio14.07
Dividend Yield3.78%
Beta0.83
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties 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”). Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP22002T10
Phone443-285-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$578.11 million
Cash Flow$1.92 per share
Book Value$14.95 per share

Profitability

Net Income$72.30 million

Miscellaneous

Employees378
Market Cap$3.17 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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Corporate Office Properties Trust (NYSE:OFC) Frequently Asked Questions

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 declared a quarterly dividend on Thursday, November 7th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.275 per share on Wednesday, January 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, December 30th. View Corporate Office Properties Trust's Dividend History.

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

Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings data on Monday, October, 28th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.50 by $0.31. The real estate investment trust earned $159.43 million during the quarter, compared to analyst estimates of $154.65 million. Corporate Office Properties Trust had a return on equity of 10.07% and a net margin of 27.11%. Corporate Office Properties Trust's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 earnings per share. View Corporate Office Properties Trust's Earnings History.

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

Corporate Office Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Corporate Office Properties Trust.

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

Corporate Office Properties Trust issued an update on its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share guidance of $0.49-0.51 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.51.

What price target have analysts set for OFC?

7 analysts have issued 1 year price targets for Corporate Office Properties Trust's stock. Their forecasts range from $23.00 to $33.00. On average, they expect Corporate Office Properties Trust's share price to reach $28.57 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price. View Analyst Price Targets for Corporate Office Properties Trust.

What is the consensus analysts' recommendation for Corporate Office Properties Trust?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corporate Office Properties Trust.

Has Corporate Office Properties Trust been receiving favorable news coverage?

Press coverage about OFC stock has trended negative on Thursday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Corporate Office Properties Trust earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Corporate Office Properties Trust.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,720,000 shares, an increase of 5.4% from the October 31st total of 2,580,000 shares. Based on an average daily volume of 585,900 shares, the days-to-cover ratio is presently 4.6 days. Currently, 2.4% of the company's shares are sold short. View Corporate Office Properties Trust's Current Options Chain.

Who are some of Corporate Office Properties Trust's key competitors?

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 Intel (INTC), Kimco Realty (KIM), Tanger Factory Outlet Centers (SKT), Welltower (WELL), AvalonBay Communities (AVB), Brixmor Property Group (BRX), DIGITAL RLTY TR/SH (DLR), Simon Property Group (SPG), Starwood Property Trust (STWD) and Ventas (VTR).

Who are Corporate Office Properties Trust's key executives?

Corporate Office Properties Trust's management team includes the folowing people:
  • Mr. Stephen E. Budorick, Pres, CEO & Trustee (Age 59)
  • Mr. Anthony Mifsud, Exec. VP & CFO (Age 55)
  • Paul R. Adkins, Exec. VP & COO (Age 60)
  • Mr. Gregory J. Thor, Chief Accounting Officer, Sr. VP & Controller (Age 55)
  • Ms. Stephanie M. Krewson-Kelly, VP of Investor Relations

Who are Corporate Office Properties Trust's major shareholders?

Corporate Office Properties Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.97%), Massachusetts Financial Services Co. MA (1.74%), V3 Capital Management L.P. (0.72%), Fisher Asset Management LLC (0.48%), Virginia Retirement Systems ET AL (0.44%) and Parametric Portfolio Associates LLC (0.29%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Lisa G Trimberger, Paul R Adkins, Philip L Hawkins, Robert L Denton, Stephen E Budorick and Steven D Kesler. View Institutional Ownership Trends for Corporate Office Properties Trust.

Which institutional investors are selling Corporate Office Properties Trust stock?

OFC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, SG Americas Securities LLC, Peregrine Capital Management LLC, Barclays PLC, State of Tennessee Treasury Department, State of Alaska Department of Revenue, First Trust Advisors LP and Great West Life Assurance Co. Can. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein, Greg J Thor and Robert L Denton. View Insider Buying and Selling for Corporate Office Properties Trust.

Which institutional investors are buying Corporate Office Properties Trust stock?

OFC stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, State of New Jersey Common Pension Fund D, Mackay Shields LLC, California Public Employees Retirement System, State Street Corp, Sumitomo Mitsui Trust Holdings Inc., Chicago Equity Partners LLC and Nisa Investment Advisors LLC. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Lisa G Trimberger, Paul R Adkins, Philip L Hawkins, Stephen E Budorick and Steven D Kesler. View Insider Buying and Selling for Corporate Office Properties Trust.

How do I buy shares of Corporate Office Properties Trust?

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

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

One share of OFC stock can currently be purchased for approximately $28.29.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $3.17 billion and generates $578.11 million in revenue each year. The real estate investment trust earns $72.30 million in net income (profit) each year or $2.01 on an earnings per share basis. Corporate Office Properties Trust employs 378 workers across the globe.View Additional Information About Corporate Office Properties Trust.

What is Corporate Office Properties Trust's official website?

The official website for Corporate Office Properties Trust is http://www.copt.com/.

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 real estate investment trust can be reached via phone at 443-285-5400 or via email at [email protected]


MarketBeat Community Rating for Corporate Office Properties Trust (NYSE OFC)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  293 (Vote Outperform)
Underperform Votes:  518 (Vote Underperform)
Total Votes:  811
MarketBeat's community ratings are surveys of what our community members think about Corporate Office Properties Trust and other stocks. Vote "Outperform" if you believe OFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2019 by MarketBeat.com Staff

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