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 September 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 159 office and data center shell properties encompassed 17.7 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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:OFC
Previous Symbol
CUSIP22002T10
Phone443-285-5400
Debt
Debt-to-Equity Ratio1.12
Current Ratio1.92
Quick Ratio1.92
Price-To-Earnings
Trailing P/E Ratio12.28
Forward P/E Ratio12.39
P/E Growth2.74
Sales & Book Value
Annual Sales$612.82 million
Price / Sales4.42
Cash Flow$2.1345 per share
Price / Cash11.67
Book Value$14.57 per share
Price / Book1.71
Profitability
EPS (Most Recent Fiscal Year)$2.03
Net Income$70.09 million
Net Margins10.78%
Return on Equity4.30%
Return on Assets1.80%
Miscellaneous
Employees375
Outstanding Shares108,860,000
Market Cap$2.69 billion
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 Tuesday, August 7th. Investors of record on Friday, September 28th will be given 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 4.42%. The ex-dividend date 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) issued its quarterly earnings results on Thursday, October, 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The real estate investment trust had revenue of $137.41 million for the quarter, compared to the consensus estimate of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
What price target have analysts set for OFC?
8 equities research analysts have issued 1 year price objectives for Corporate Office Properties Trust's stock. Their predictions range from $25.00 to $38.00. On average, they expect Corporate Office Properties Trust's share price to reach $30.00 in the next year. This suggests a possible upside of 20.4% from the stock's current price. View Analyst Price Targets for Corporate Office Properties Trust.
What is the consensus analysts' recommendation for Corporate Office Properties Trust?
8 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 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?
News stories about OFC stock have trended very positive this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 news sentiment score of 3.1 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Klepierre (KLPEF), Duke Realty (DRE), SINO Ld Ltd/S (SNLAY), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), Sun Communities (SUI), Equity Lifestyle Properties (ELS), Camden Property Trust (CPT), AGNC Investment (AGNC), SL Green Realty (SLG), VICI Properties (VICI), National Retail Properties (NNN), Lamar Advertising (LAMR), Vereit (VER) and Gaming and Leisure Properties (GLPI).
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
Who are Corporate Office Properties Trust's major shareholders?
Corporate Office Properties Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (12.68%), BlackRock Inc. (11.56%), Frontier Capital Management Co. LLC (3.05%), Channing Capital Management LLC (2.19%), Cohen & Steers Inc. (1.80%) and Dimensional Fund Advisors LP (1.50%). 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 major investors are selling Corporate Office Properties Trust stock?
OFC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Adelante Capital Management LLC, AMP Capital Investors Ltd, Citadel Advisors LLC, V3 Capital Management L.P., Bank of New York Mellon Corp and Virginia Retirement Systems ET AL. 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 major 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, WINTON GROUP Ltd, Frontier Capital Management Co. LLC, BlackRock Inc., FIL Ltd, Renaissance Technologies LLC, Green Street Investors LLC 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 $24.91.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $2.69 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.
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.
