Corporate Office Properties Trust Company Profile (NYSE:OFC)

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

Corporate Office Properties Trust declared a quarterly dividend on Friday, August 11th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.275 per share on Monday, October 16th. This represents a $1.10 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, September 28th. View Corporate Office Properties Trust's Dividend History.

Corporate Office Properties Trust (NYSE:OFC) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.01. The company earned $151.44 million during the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. View Corporate Office Properties Trust's Earnings History.

Corporate Office Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Corporate Office Properties Trust.

Corporate Office Properties Trust updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $2.02-2.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04. Corporate Office Properties Trust also updated its Q3 guidance to $0.51-0.53 EPS.

9 brokers have issued twelve-month target prices for Corporate Office Properties Trust's shares. Their forecasts range from $29.00 to $39.00. On average, they anticipate Corporate Office Properties Trust's stock price to reach $33.83 in the next twelve months. View Analyst Ratings for Corporate Office Properties Trust.

Here are some recent quotes from research analysts about Corporate Office Properties Trust stock:

• 1. According to Zacks Investment Research, "Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services. " (10/19/2017)
• 2. Jefferies Group LLC analysts commented, "OFC has been one of the top Trump trades among REITs given the company's focus on the defense industry. That said, with the stock having run 28% since the election, and now trading at an FFO multiple that is 25% above its 5- year average, we believe the potential for fundamental improvement is already priced in. At these levels, we prefer to wait on the sidelines until Congress approves a budget and we have a better sense of the upside." (2/21/2017)
• 3. Mizuho analysts commented, "OFC reported solid 4Q16 results with same store NOI growth of 4.2% possibly restoring any lost confidence from investors after the 1% growth during 3Q16 -- although both were in line with prevailing expectations. Management reiterated 2017 guidance that was set on January 17, 2017. We are actually raising our 2017 estimates slightly today (by $0.02) given what we feel like is more visible stability/growth that lies ahead. In particular, OFC sits at a rare intersection of political agreement, with US defense spending increases being in general agreement from both sides of the aisle." (2/13/2017)

Corporate Office Properties Trust saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 4,111,722 shares, an increase of 54.6% from the September 15th total of 2,659,275 shares. Based on an average daily trading volume, of 613,037 shares, the days-to-cover ratio is presently 6.7 days. Currently, 4.1% of the shares of the company are short sold.

Some companies that are related to Corporate Office Properties Trust include Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Paramount Group (PGRE), Paramount Group (PGRE), Equity Commonwealth (EQC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty Corporation (CLI), Franklin Street Properties Corp. (FSP), TIER REIT (TIER), Parkway Properties (PKY), NorthStar Realty Europe Corp. (NRE) and City Office REIT (CIO).

Corporate Office Properties Trust's management team includes the folowing people:

• Thomas F. Brady CPA, Independent Chairman of the Board of Trustees
• Stephen E. Budorick, President, Chief Executive Officer, Trustee
• Paul R. Adkins, Chief Operating Officer, Executive Vice President
• Anthony Mifsud, Chief Financial Officer, Executive Vice President
• Robert L. Denton, Independent Trustee
• Philip L. Hawkins, Independent Trustee
• Elizabeth Ann Hight, Independent Trustee
• David M. Jacobstein J.D., Independent Trustee
• Steven D. Kesler, Independent Trustee

Corporate Office Properties Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.63%), Mutual of America Capital Management LLC (0.08%) and State Treasurer State of Michigan (0.04%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Karen M Singer, Robert L Denton and Steven D Kesler. View Institutional Ownership Trends for Corporate Office Properties Trust.

Corporate Office Properties Trust's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and State Treasurer State of Michigan. Company insiders that have sold Corporate Office Properties Trust stock in the last year include David M Jacobstein, Greg J Thor, Robert L Denton and Steven D Kesler. View Insider Buying and Selling for Corporate Office Properties Trust.

Corporate Office Properties Trust's stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. View Insider Buying and Selling for Corporate Office Properties Trust.

Shares of Corporate Office Properties Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Corporate Office Properties Trust stock can currently be purchased for approximately $31.59.