NYSE:OFCCorporate Office Properties Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Corporate Office Properties Trust Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $26.48 -0.53 (-1.96 %) (As of 06/4/2020 12:26 PM ET) Add Compare Share Today's Range$26.07Now: $26.48▼$26.7850-Day Range$21.72MA: $24.72▼$26.7352-Week Range$15.23Now: $26.48▼$30.57Volume15,348 shsAverage Volume799,926 shsMarket Capitalization$2.97 billionP/E Ratio15.31Dividend Yield4.23%Beta1.04 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.2 Analyst's Opinion Consensus RatingCorporate Office Properties Trust has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 7 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.31, Corporate Office Properties Trust has a potential upside of 7.6% from its current price of $26.30.Amount of Analyst CoverageCorporate Office Properties Trust has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.8 Community Rank Outperform VotesCorporate Office Properties Trust has received 325 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCorporate Office Properties Trust has received 555 “underperform” votes. (Add your “underperform” vote.)Community SentimentCorporate Office Properties Trust has received 63.07% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipCorporate Office Properties Trust is a leading dividend payer. It pays a dividend yield of 4.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCorporate Office Properties Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Corporate Office Properties Trust is 54.19 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 51.16 % next year. This indicates that Corporate Office Properties Trust will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Corporate Office Properties Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $73,860.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.60% of the stock of Corporate Office Properties Trust is held by insiders.Percentage Held by Institutions98.06% of the stock of Corporate Office Properties Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Corporate Office Properties Trust are expected to grow by 4.37% in the coming year, from $2.06 to $2.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Corporate Office Properties Trust is 15.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.27.Price to Earnings Ratio vs. SectorThe P/E ratio of Corporate Office Properties Trust is 15.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.91.Price to Earnings Growth RatioCorporate Office Properties Trust has a PEG Ratio of 2.86. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCorporate Office Properties Trust has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.65 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:OFC Previous Symbol CUSIP22002T10 CIK860546 Webwww.copt.com Phone443-285-5400Debt Debt-to-Equity Ratio1.26 Current Ratio2.73 Quick Ratio2.73Price-To-Earnings Trailing P/E Ratio15.31 Forward P/E Ratio12.85 P/E Growth2.86 Sales & Book Value Annual Sales$641.23 million Price / Sales4.63 Cash Flow$3.04 per share Price / Cash Flow8.72 Book Value$15.34 per share Price / Book1.73Profitability EPS (Most Recent Fiscal Year)$2.03 Net Income$191.69 million Net Margins30.96% Return on Equity11.62% Return on Assets5.08%Miscellaneous Employees378 Outstanding Shares112,170,000Market Cap$2.97 billion Next Earnings Date8/3/2020 (Estimated) OptionableOptionable OFC Rates by TradingView Receive OFC News and Ratings via Email Sign-up to receive the latest news and ratings for OFC and its competitors with MarketBeat's FREE daily newsletter. 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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, OFC shares have increased by 9.3% and is now trading at $26.30. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Corporate Office Properties Trust? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 1 sell rating, 5 hold ratings and 7 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 Monday, August 3rd 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) issued its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.02. The real estate investment trust had revenue of $145.80 million for the quarter, compared to the consensus estimate of $151.88 million. Corporate Office Properties Trust had a net margin of 30.96% and a return on equity of 11.62%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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 announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.275 per share on Wednesday, July 15th. This represents a $1.10 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Monday, June 29th. 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 issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of 0.48-0.50 for the period. What price target have analysts set for OFC? 13 brokerages have issued 12 month price targets for Corporate Office Properties Trust's stock. Their forecasts range from $23.00 to $34.00. On average, they expect Corporate Office Properties Trust's stock price to reach $28.31 in the next twelve months. This suggests a possible upside of 7.6% 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? News stories about OFC stock have been trending very negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. 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 May. As of May 15th, there was short interest totaling 1,900,000 shares, an increase of 8.0% from the April 30th total of 1,760,000 shares. Based on an average daily volume of 990,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.7% of the shares of the company are sold short. 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 DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Highwoods Properties (HIW), Equity Commonwealth (EQC), Hudson Pacific Properties (HPP), SL Green Realty (SLG), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP). View all 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), Physicians Realty Trust (DOC), Enterprise Products Partners (EPD), LTC Properties (LTC), AT&T (T), American Tower (AMT), AvalonBay Communities (AVB), Iron Mountain (IRM), Kimco Realty (KIM) and Realty Income (O). 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." Who are Corporate Office Properties Trust's major shareholders? Corporate Office Properties Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.14%), Wellington Management Group LLP (5.00%), State Street Corp (4.77%), Massachusetts Financial Services Co. MA (3.24%), Frontier Capital Management Co. LLC (2.87%) and Aew Capital Management L P (1.86%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, 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 Wellington Management Group LLP, Aew Capital Management L P, AJO LP, WINTON GROUP Ltd, Principal Financial Group Inc., Citigroup Inc., Squarepoint Ops LLC, and BlackRock Inc.. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include Greg J Thor, and Robert L Denton. View insider buying and selling activity 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 Massachusetts Financial Services Co. MA, V3 Capital Management L.P., Ranger Global Real Estate Advisors LLC, State Street Corp, Fort Washington Investment Advisors Inc. OH, Channing Capital Management LLC, Guggenheim Capital LLC, and Cramer Rosenthal Mcglynn LLC. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Philip L Hawkins, Stephen E Budorick, and Steven D Kesler. View insider buying and selling activity 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, 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 $26.30. How big of a company is Corporate Office Properties Trust? Corporate Office Properties Trust has a market capitalization of $2.95 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. What is Corporate Office Properties Trust's official website? The official website for Corporate Office Properties Trust is 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] This page was last updated on 6/4/2020 by MarketBeat.com Staff
