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
Employees378
Next Earnings Date4/30/2019 (Confirmed)
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 Wednesday, February 27th. Investors of record on Friday, March 29th will be given a dividend of $0.275 per share on Monday, April 15th. This represents a $1.10 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, March 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) announced its earnings results on Thursday, February, 7th. The real estate investment trust reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. The real estate investment trust earned $138.48 million during the quarter, compared to analyst estimates of $152.94 million. Corporate Office Properties Trust had a return on equity of 4.64% and a net margin of 12.49%. The firm's revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
How can I listen to Corporate Office Properties Trust's earnings call?
Corporate Office Properties Trust will be holding an earnings conference call on Wednesday, May 1st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for OFC?
6 equities research analysts have issued 1-year target prices for Corporate Office Properties Trust's stock. Their predictions range from $22.00 to $31.00. On average, they anticipate Corporate Office Properties Trust's share price to reach $26.80 in the next year. This suggests that the stock has a possible downside of 0.7%. 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?
Media stories about OFC stock have been trending somewhat positive on Monday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. 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 daily sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
Are investors shorting Corporate Office Properties Trust?
Corporate Office Properties Trust saw a decline in short interest in the month of March. As of March 29th, there was short interest totalling 2,090,652 shares, a decline of 38.0% from the March 15th total of 3,373,645 shares. Based on an average daily volume of 613,154 shares, the short-interest ratio is currently 3.4 days. Currently, 1.9% of the company's shares are short sold. View Corporate Office Properties Trust's Current Options Chain.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), Regency Centers (REG), Gecina (GECFF), Klepierre (KLPEF), Duke Realty (DRE), Sun Communities (SUI), Equity Lifestyle Properties (ELS), Iron Mountain (IRM), Camden Property Trust (CPT), Federal Realty Investment Trust (FRT), AGNC Investment (AGNC), VICI Properties (VICI), Gaming and Leisure Properties (GLPI) and National Retail Properties (NNN).
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 a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.35%), Strs Ohio (0.14%), Retirement Systems of Alabama (0.13%), Deprince Race & Zollo Inc. (0.04%), State of Alaska Department of Revenue (0.04%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, 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 Quantitative Systematic Strategies LLC and Strs Ohio. 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 Peregrine Capital Management LLC, Deprince Race & Zollo Inc., Virtu Financial LLC, Nisa Investment Advisors LLC, Retirement Systems of Alabama, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 $26.99.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $2.98 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 378 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.
