NYSE:OFC - Corporate Office Properties Trust Stock Price, News, & Analysis

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$26.7936 -0.07 (-0.26 %)
(As of 03/20/2019 11:49 AM ET)
Previous Close$26.86
Today's Range$26.68 - $26.8925
52-Week Range$20.03 - $31.01
Volume57,561 shs
Average Volume745,631 shs
Market Capitalization$2.95 billion
P/E Ratio13.33
Dividend Yield4.10%
Beta1.03
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP22002T10
Phone443-285-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$578.11 million
Cash Flow$1.9701 per share
Book Value$14.95 per share

Profitability

Net Income$72.30 million

Miscellaneous

Employees378
Market Cap$2.95 billion
Next Earnings Date4/25/2019 (Estimated)
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 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date 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) issued its earnings results on Thursday, February, 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the Zacks' consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. View Corporate Office Properties Trust's Earnings History.

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

Corporate Office Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Corporate Office Properties Trust.

What price target have analysts set for OFC?

6 equities research analysts have issued 1 year price targets for Corporate Office Properties Trust's stock. Their predictions range from $22.00 to $31.00. On average, they expect Corporate Office Properties Trust's stock price to reach $26.80 in the next year. This suggests that the stock has a possible downside of 0.1%. 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?

News articles about OFC stock have trended somewhat positive on Wednesday, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Corporate Office Properties Trust earned a news impact score of 1.7 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term.

Who are some of Corporate Office Properties Trust's key 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 Tanger Factory Outlet Centers (SKT), Kimco Realty (KIM), Ventas (VTR), Welltower (WELL), Intel (INTC), Starwood Property Trust (STWD), DIGITAL RLTY TR/SH (DLR), Enterprise Products Partners (EPD), Public Storage (PSA) and IBM (IBM).

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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.34%), FMR LLC (8.60%), Frontier Capital Management Co. LLC (3.75%), Principal Financial Group Inc. (2.63%), Channing Capital Management LLC (2.17%) and Northern Trust Corp (1.62%). 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 major investors are selling Corporate Office Properties Trust stock?

OFC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Strs Ohio, Millennium Management LLC, Fort Washington Investment Advisors Inc. OH, Barclays PLC, Citigroup Inc., SG Americas Securities LLC and Amundi Pioneer Asset Management Inc.. 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 Norges Bank, Principal Financial Group Inc., D. E. Shaw & Co. Inc., Frontier Capital Management Co. LLC, Oregon Public Employees Retirement Fund, BlackRock Inc., Two Sigma Investments LP and WINTON GROUP Ltd. 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 $26.82.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $2.96 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?

The official website for Corporate Office Properties Trust is http://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]


MarketBeat Community Rating for Corporate Office Properties Trust (NYSE OFC)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  468 (Vote Underperform)
Total Votes:  714
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.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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