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). 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 (Regional Office Properties). As of December 31, 2018, the Company derived 88% of its core portfolio annualized revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including six buildings owned through an unconsolidated joint venture, COPT's core portfolio of 161 office and data center shell properties encompassed 17.9 million square feet and was 94.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Phone443-285-5400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$578.11 million
Profitability
Miscellaneous
Employees375
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable
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 Friday, November 30th. Investors of record on Monday, December 31st will be given a dividend of $0.275 per share on Tuesday, January 15th. This represents a $1.10 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, December 28th. View Corporate Office Properties Trust's Dividend History.
How were Corporate Office Properties Trust's earnings last quarter?
Corporate Office Properties Trust (NYSE:OFC) issued its quarterly earnings data on Thursday, February, 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The real estate investment trust earned $138.48 million during the quarter, compared to analysts' expectations of $152.94 million. Corporate Office Properties Trust had a return on equity of 4.64% and a net margin of 12.49%. Corporate Office Properties Trust's quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
What price target have analysts set for OFC?
6 equities research analysts have issued 12-month price objectives for Corporate Office Properties Trust's stock. Their forecasts range from $22.00 to $31.00. On average, they expect Corporate Office Properties Trust's share price to reach $26.80 in the next twelve months. This suggests a possible upside of 1.9% 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?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 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?
News headlines about OFC stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Corporate Office Properties Trust earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the near future.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Regency Centers (REG), Duke Realty (DRE), Gecina (GECFF), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), Equity Lifestyle Properties (ELS), Sun Communities (SUI), AGNC Investment (AGNC), Klepierre (KLPEF), Camden Property Trust (CPT), VICI Properties (VICI), National Retail Properties (NNN), Gaming and Leisure Properties (GLPI), Vereit (VER) and SL Green Realty (SLG).
What other stocks do shareholders of Corporate Office Properties Trust own?
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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.34%), Frontier Capital Management Co. LLC (3.75%), Principal Financial Group Inc. (2.63%), Channing Capital Management LLC (2.17%), Northern Trust Corp (1.62%) and Dimensional Fund Advisors LP (1.52%). 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 Strs Ohio, Millennium Management LLC, Fort Washington Investment Advisors Inc. OH, Barclays PLC, Citigroup Inc., SG Americas Securities LLC, Amundi Pioneer Asset Management Inc. and Becker Capital Management Inc.. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein 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 Principal Financial Group Inc., D. E. Shaw & Co. Inc., Frontier Capital Management Co. LLC, Oregon Public Employees Retirement Fund, BlackRock Inc., Two Sigma Investments LP, WINTON GROUP Ltd and Massachusetts Financial Services Co. MA. 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, Scottrade, 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 $26.29.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $2.86 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 375 workers across the globe.
What is Corporate Office Properties Trust's official website?
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)
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.
