Corporate Office Properties Trust Stock Forecast, Price & News

$28.17
-0.04 (-0.14 %)
(As of 06/24/2021 12:00 AM ET)
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Today's Range
$27.95
$28.49
50-Day Range
$26.73
$30.18
52-Week Range
$21.68
$30.31
Volume835,437 shs
Average Volume859,731 shs
Market Capitalization$3.16 billion
P/E Ratio47.75
Dividend Yield3.90%
Beta1.01
30 days | 90 days | 365 days | Advanced Chart
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Corporate Office Properties Trust logo

About Corporate Office Properties Trust

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 (ÂITÂ) related activities servicing what it believes are growing, durable, priority missions (ÂDefense/IT LocationsÂ). 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 (ÂRegional Office PropertiesÂ). 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.

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MarketRank

Overall MarketRank

1.62 out of 5 stars

Finance Sector

577th out of 1,977 stocks

Real Estate Investment Trusts Industry

142nd out of 275 stocks

Analyst Opinion: 1.4Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Corporate Office Properties Trust (NYSE:OFC) Frequently Asked Questions

Is Corporate Office Properties Trust a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities 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 stocks does MarketBeat like better than Corporate Office Properties Trust?

Wall Street analysts have given Corporate Office Properties Trust a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Corporate Office Properties Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 1,950,000 shares, a drop of 18.4% from the May 13th total of 2,390,000 shares. Based on an average daily trading volume, of 891,600 shares, the short-interest ratio is presently 2.2 days. Approximately 1.7% of the shares of the stock are short sold.
View Corporate Office Properties Trust's Short Interest
.

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, July 29th 2021.
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) announced its quarterly earnings data on Thursday, April, 29th. The real estate investment trust reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.55 by $0.61. Corporate Office Properties Trust had a trailing twelve-month return on equity of 4.16% and a net margin of 10.64%.
View Corporate Office Properties Trust's earnings history
.

How has Corporate Office Properties Trust's stock been impacted by COVID-19 (Coronavirus)?

Corporate Office Properties Trust's stock was trading at $24.07 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, OFC shares have increased by 17.0% and is now trading at $28.17.
View which stocks have been most impacted by COVID-19
.

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 13th. Investors of record on Wednesday, June 30th will be paid a dividend of $0.275 per share on Thursday, July 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, June 29th.
View Corporate Office Properties Trust's dividend history
.

Is Corporate Office Properties Trust a good dividend stock?

Corporate Office Properties Trust pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.90%. Corporate Office Properties Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Corporate Office Properties Trust is 51.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 47.01% 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 updated its second quarter 2021 earnings guidance on Thursday, May, 13th. The company provided earnings per share guidance of 0.550-0.570 for the period. The company issued revenue guidance of -.

What price target have analysts set for OFC?

10 Wall Street analysts have issued twelve-month price objectives for Corporate Office Properties Trust's stock. Their forecasts range from $28.00 to $32.00. On average, they expect Corporate Office Properties Trust's share price to reach $29.86 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts' price targets for Corporate Office Properties Trust
or view top-rated stocks among Wall Street analysts.

Who are Corporate Office Properties Trust's key executives?

Corporate Office Properties Trust's management team includes the following people:
  • Mr. Stephen E. Budorick, Pres, CEO & Trustee (Age 61, Pay $1.81M)
  • Mr. Anthony Mifsud, Exec. VP & CFO (Age 57, Pay $1.04M)
  • Mr. Todd W. Hartman, Exec. VP & COO (Age 55, Pay $34.13k)
  • Mr. Gregory J. Thor, Chief Accounting Officer, Sr. VP & Controller (Age 57)
  • Ms. Stephanie M. Krewson-Kelly, VP of Investor Relations
  • 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

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.

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 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.37%), Earnest Partners LLC (4.97%), Victory Capital Management Inc. (2.41%), Dimensional Fund Advisors LP (1.87%), Northern Trust Corp (1.64%) and Geode Capital Management LLC (1.61%). 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 and Steven D Kesler.
View institutional ownership trends for Corporate Office Properties Trust
.

Which major investors are selling Corporate Office Properties Trust stock?

OFC stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Cramer Rosenthal Mcglynn LLC, New York State Common Retirement Fund, Bank of Montreal Can, Northern Trust Corp, FIL Ltd, Prudential Financial Inc., and Renaissance Technologies LLC. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein, Greg J Thor, Lisa G Trimberger, Robert L Denton, and Steven D Kesler.
View insider buying and selling activity for Corporate Office Properties Trust
or view top insider-selling stocks.

Which major investors are buying Corporate Office Properties Trust stock?

OFC stock was purchased by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, Janus Henderson Group PLC, Deroy & Devereaux Private Investment Counsel Inc., Earnest Partners LLC, Lasalle Investment Management Securities LLC, Hillcrest Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., and Victory Capital Management Inc.. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include C Taylor Pickett, Stephen E Budorick, and Steven D Kesler.
View insider buying and selling activity for Corporate Office Properties Trust
or or view top insider-buying stocks.

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 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 $28.17.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust has a market capitalization of $3.16 billion and generates $609.36 million in revenue each year. The real estate investment trust earns $97.37 million in net income (profit) each year or $2.12 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

Corporate Office Properties Trust employs 406 workers across the globe.

When was Corporate Office Properties Trust founded?

Corporate Office Properties Trust was founded in 1988.

What is Corporate Office Properties Trust's official website?

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

Where are Corporate Office Properties Trust's headquarters?

Corporate Office Properties Trust is headquartered at 6711 COLUMBIA GATEWAY DRIVE SUITE 300, COLUMBIA MD, 21046.

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]m.


This page was last updated on 6/25/2021 by MarketBeat.com Staff
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