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 June 30, 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 157 office and data center shell properties encompassed 17.5 million square feet and was 93.4% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:OFC
CUSIP22002T10
Phone443-285-5400
Debt
Debt-to-Equity Ratio1.24
Current Ratio1.98
Quick Ratio1.98
Price-To-Earnings
Trailing P/E Ratio14.84
Forward P/E Ratio15.20
P/E Growth4.36
Sales & Book Value
Annual Sales$612.82 million
Price / Sales5.15
Cash Flow$2.1163 per share
Price / Cash14.44
Book Value$14.57 per share
Price / Book2.10
Profitability
EPS (Most Recent Fiscal Year)$2.03
Net Income$70.09 million
Net Margins10.81%
Return on Equity4.52%
Return on Assets1.85%
Miscellaneous
Employees375
Outstanding Shares103,260,000
Market Cap$3.16 billion
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 Tuesday, August 7th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.275 per share on Monday, October 15th. This represents a $1.10 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, September 27th. 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 quarterly earnings results on Thursday, July, 26th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.01. The real estate investment trust earned $146.70 million during the quarter, compared to the consensus estimate of $155.10 million. Corporate Office Properties Trust had a net margin of 10.81% and a return on equity of 4.52%. Corporate Office Properties Trust's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
What guidance has Corporate Office Properties Trust issued on next quarter's earnings?
Corporate Office Properties Trust updated its fourth quarter earnings guidance on Thursday, July, 26th. The company provided earnings per share (EPS) guidance of $0.48-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.51. Corporate Office Properties Trust also updated its Q3 guidance to $0.49-0.51 EPS.
What price target have analysts set for OFC?
9 analysts have issued 1 year target prices for Corporate Office Properties Trust's stock. Their forecasts range from $25.00 to $38.00. On average, they expect Corporate Office Properties Trust's stock price to reach $30.3750 in the next year. This suggests that the stock has a possible downside of 0.6%. View Analyst Price Targets for Corporate Office Properties Trust.
What is the consensus analysts' recommendation for Corporate Office Properties Trust?
9 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, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corporate Office Properties Trust.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Klepierre (KLPEF), Regency Centers (REG), UDR (UDR), Iron Mountain (IRM), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Federal Realty Investment Trust (FRT), AGNC Investment (AGNC), SL Green Realty (SLG), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS) and Sun Communities (SUI).
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 58)
- Mr. Anthony Mifsud, Exec. VP & CFO (Age 54)
- Paul R. Adkins, Exec. VP & COO (Age 59)
- Mr. Gregory J. Thor, Chief Accounting Officer, Sr. VP & Controller (Age 54)
- Ms. Stephanie M. Krewson-Kelly, VP of Investor Relations
Has Corporate Office Properties Trust been receiving favorable news coverage?
Media coverage about OFC stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a media and rumor sentiment score of 0.21 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 45.53 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Corporate Office Properties Trust.
Who are Corporate Office Properties Trust's major shareholders?
Corporate Office Properties Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (12.00%), BlackRock Inc. (11.18%), Frontier Capital Management Co. LLC (2.60%), Channing Capital Management LLC (2.33%), AMP Capital Investors Ltd (1.71%) and Adelante Capital Management LLC (1.59%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Lisa G Trimberger, Paul R Adkins, 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 Centersquare Investment Management LLC, Renaissance Technologies LLC, Citadel Advisors LLC, Adelante Capital Management LLC, Millennium Management LLC, Bank of New York Mellon Corp, Securian Asset Management Inc and Bank of Montreal Can. 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, Segall Bryant & Hamill LLC, Frontier Capital Management Co. LLC, Strs Ohio, BlackRock Inc., First Republic Investment Management Inc. and Victory Capital Management Inc.. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Lisa G Trimberger, Paul R Adkins and Stephen E Budorick. 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 $30.56.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $3.16 billion and generates $612.82 million in revenue each year. The real estate investment trust earns $70.09 million in net income (profit) each year or $2.03 on an earnings per share basis. Corporate Office Properties Trust employs 375 workers across the globe.
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.
