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MSFT   273.78 (+0.57%)
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AMD   95.93 (-0.91%)
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MU   58.63 (+1.72%)
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GE   92.18 (+2.51%)
DIS   96.54 (+2.46%)
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PFE   40.66 (-0.37%)
PYPL   76.72 (+4.79%)
NFLX   305.79 (+0.22%)
QQQ   310.34 (+1.43%)
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MSFT   273.78 (+0.57%)
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T   18.54 (+0.27%)
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NYSE:OFC

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

$23.32
+0.38 (+1.66%)
(As of 03/21/2023 12:00 AM ET)
Add
Compare
Today's Range
$23.11
$23.64
50-Day Range
$22.87
$28.25
52-Week Range
$22.22
$29.64
Volume
790,035 shs
Average Volume
676,447 shs
Market Capitalization
$2.62 billion
P/E Ratio
15.24
Dividend Yield
4.72%
Price Target
$26.75

Corporate Office Properties Trust MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
14.7% Upside
$26.75 Price Target
Short Interest
Bearish
3.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.79
Upright™ Environmental Score
News Sentiment
0.74mentions of Corporate Office Properties Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.17%
From $2.40 to $2.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Finance Sector

674th out of 872 stocks

Real Estate Investment Trusts Industry

153rd out of 192 stocks


OFC stock logo

About Corporate Office Properties Trust (NYSE:OFC) Stock

Corporate Office Properties Trust, Inc. is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.

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OFC Stock News Headlines

My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
COPT Increases Quarterly Dividend by 3.6%
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Transamerica sign coming down from 100 Light
COPT Reports Full Year 2022 Results
COPT Establishes 2023 Guidance
COPT Announces Tax Treatment of 2022 Distributions
The 3 Best-Performing Office REITs Over The Past 4 Weeks
COPT Declares 100th Consecutive Common Dividend
See More Headlines
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OFC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
3/21/2023
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Office REITs
Sector
Finance
CUSIP
22002T10
Employees
405
Year Founded
1988

Price Target and Rating

Average Stock Price Forecast
$26.75
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+14.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$173.03 million
Pretax Margin
20.02%

Debt

Sales & Book Value

Annual Sales
$739.03 million
Cash Flow
$2.65 per share
Book Value
$15.31 per share

Miscellaneous

Free Float
111,466,000
Market Cap
$2.62 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Stephen E. BudorickStephen E. Budorick
    President, Chief Executive Officer & Trustee
  • Anthony Mifsud
    Chief Financial Officer & Executive Vice President
  • Matthew T. Myers
    Chief Accounting Officer, Senior VP & Controller
  • David L. Finch
    Secretary, Vice President & General Counsel
  • Venkat Kommineni
    Vice President-Investor Relations













OFC Stock - Frequently Asked Questions

Should I buy or sell Corporate Office Properties Trust stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OFC, but not buy additional shares or sell existing shares.
View OFC analyst ratings
or view top-rated stocks.

What is Corporate Office Properties Trust's stock price forecast for 2023?

3 equities research analysts have issued 1 year price objectives for Corporate Office Properties Trust's shares. Their OFC share price forecasts range from $24.00 to $29.00. On average, they predict the company's share price to reach $26.75 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts price targets for OFC
or view top-rated stocks among Wall Street analysts.

How have OFC shares performed in 2023?

Corporate Office Properties Trust's stock was trading at $25.94 at the beginning of 2023. Since then, OFC stock has decreased by 10.1% and is now trading at $23.32.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our OFC earnings forecast
.

How were Corporate Office Properties Trust's earnings last quarter?

Corporate Office Properties Trust (NYSE:OFC) announced its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.04. The real estate investment trust earned $195.48 million during the quarter, compared to analyst estimates of $168.33 million. Corporate Office Properties Trust had a net margin of 23.41% and a trailing twelve-month return on equity of 8.43%. The firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS.

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 Wednesday, February 22nd. Stockholders of record on Friday, March 31st will be given a dividend of $0.285 per share on Monday, April 17th. This represents a $1.14 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for OFC
.

Is Corporate Office Properties Trust a good dividend stock?

Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.81%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 71.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFC will have a dividend payout ratio of 44.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFC.

What guidance has Corporate Office Properties Trust issued on next quarter's earnings?

Corporate Office Properties Trust issued an update on its first quarter 2023 earnings guidance on Thursday, February, 9th. The company provided EPS guidance of $0.56-$0.58 for the period. The company issued revenue guidance of -.

What is Stephen E. Budorick's approval rating as Corporate Office Properties Trust's CEO?

8 employees have rated Corporate Office Properties Trust Chief Executive Officer Stephen E. Budorick on Glassdoor.com. Stephen E. Budorick has an approval rating of 49% among the company's employees. This puts Stephen E. Budorick in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), AT&T (T), Physicians Realty Trust (DOC), Enterprise Products Partners (EPD), Iron Mountain (IRM), Kimco Realty (KIM), Realty Income (O), American Tower (AMT), LTC Properties (LTC) and Verizon Communications (VZ).

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 many different retail and institutional investors. Top institutional shareholders include Barrow Hanley Mewhinney & Strauss LLC (5.94%), Earnest Partners LLC (4.72%), Resolution Capital Ltd (4.22%), Victory Capital Management Inc. (4.08%), Victory Capital Management Inc. (4.08%) and Geode Capital Management LLC (2.07%). Insiders that own company stock include C Taylor Pickett, David M Jacobstein, Greg J Thor, Lisa G Trimberger, Robert L Denton, Stephen E Budorick, Steven D Kesler and Steven D Kesler.
View institutional ownership trends
.

How do I buy shares of Corporate Office Properties Trust?

Shares of OFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Corporate Office Properties Trust's stock price today?

One share of OFC stock can currently be purchased for approximately $23.32.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.62 billion and generates $739.03 million in revenue each year. The real estate investment trust earns $173.03 million in net income (profit) each year or $1.53 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

The company employs 405 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 official website for the company is www.copt.com. The real estate investment trust can be reached via phone at (443) 285-5400, via email at ir@copt.com, or via fax at 443-285-7650.

This page (NYSE:OFC) was last updated on 3/21/2023 by MarketBeat.com Staff