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

$19.77
-2.36 (-10.66 %)
(As of 04/2/2020 05:42 AM ET)
Today's Range
$19.37
Now: $19.77
$21.07
50-Day Range
$16.49
MA: $25.14
$30.20
52-Week Range
$15.23
Now: $19.77
$30.57
Volume853,800 shs
Average Volume783,259 shs
Market Capitalization$2.22 billion
P/E Ratio11.56
Dividend Yield4.97%
Beta1
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 March 31, 2019, the Company derived 89% of its core portfolio annualized revenue from Defense/IT Locations and 11% 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 163 office and data center shell properties encompassed 18.2 million square feet and was 93.7% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
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Corporate Office Properties Trust logo

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$641.23 million
Cash Flow$2.63 per share
Book Value$15.34 per share

Profitability

Net Income$191.69 million

Miscellaneous

Employees378
Market Cap$2.22 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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

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 reached pandemic status according to the World Health Organization (WHO). Since then, OFC shares have decreased by 17.9% and is now trading at $19.77. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Corporate Office Properties Trust?

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

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

Corporate Office Properties Trust is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. 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) released its earnings results on Thursday, February, 6th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.12. The real estate investment trust had revenue of $157.79 million for the quarter, compared to the consensus estimate of $149.64 million. Corporate Office Properties Trust had a net margin of 30.31% and a return on equity of 11.45%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. View Corporate Office Properties Trust's earnings history.

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 Tuesday, February 25th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.275 per share on Wednesday, April 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, March 30th. 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 FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share guidance of $2.06-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09.

What price target have analysts set for OFC?

10 equities research analysts have issued 12 month target prices for Corporate Office Properties Trust's stock. Their forecasts range from $23.00 to $34.00. On average, they anticipate Corporate Office Properties Trust's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 51.7% from the stock's current price. View analysts' price targets for Corporate Office Properties Trust.

Has Corporate Office Properties Trust been receiving favorable news coverage?

Headlines about OFC stock have been trending very negative this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Corporate Office Properties Trust earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCorporate Office Properties Trust.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,956,500 shares, an increase of 12.4% from the February 27th total of 1,740,000 shares. Based on an average daily trading volume, of 580,200 shares, the short-interest ratio is presently 3.4 days. Currently, 1.8% of the company's stock 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), AvalonBay Communities (AVB), Kimco Realty (KIM), Tanger Factory Outlet Centers (SKT), DIGITAL RLTY TR/SH (DLR), IBM (IBM), Iron Mountain (IRM), Public Storage (PSA), Simon Property Group (SPG) and Starwood Property Trust (STWD).

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 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

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 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 $19.77.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $2.22 billion and generates $641.23 million in revenue each year. The real estate investment trust earns $191.69 million in net income (profit) each year or $2.03 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:  321 (Vote Outperform)
Underperform Votes:  547 (Vote Underperform)
Total Votes:  868
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 4/2/2020 by MarketBeat.com Staff

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