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

6 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, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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6 Wall Street research analysts have issued 12-month target prices for Corporate Office Properties Trust's shares. Their OFC share price forecasts range from $24.00 to $31.00. On average, they predict the company's share price to reach $27.20 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
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Corporate Office Properties Trust's stock was trading at $27.97 on January 1st, 2022. Since then, OFC stock has decreased by 13.7% and is now trading at $24.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our OFC earnings forecast.

Corporate Office Properties Trust (NYSE:OFC) released its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by $0.04. The real estate investment trust earned $195.48 million during the quarter, compared to analysts' expectations 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 business's revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share.

Corporate Office Properties Trust declared a quarterly dividend on Thursday, August 11th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.275 per share on Monday, October 17th. This represents a $1.10 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for OFC.

Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.42%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OFC will have a dividend payout ratio of 45.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFC.

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

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.

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).

Corporate Office Properties Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFC."

Corporate Office Properties Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (5.93%), FMR LLC (5.24%), Victory Capital Management Inc. (4.21%), Northern Trust Corp (1.87%), Millennium Management LLC (1.69%) and Frontier Capital Management Co. LLC (1.38%). Insiders that own company 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.
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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.
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One share of OFC stock can currently be purchased for approximately $24.15.

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.71 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.

The company employs 405 workers across the globe.

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.