Corporate Office Properties Trust Company Profile (NYSE:OFC)

About Corporate Office Properties Trust (NYSE:OFC)

Corporate Office Properties Trust logoCorporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company's segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other. As of December 31, 2016, the Company's properties included 164 operating office properties totaling 17.2 million square feet, including 13 triple-net leased, single-tenant data center properties; 11 office properties under construction or redevelopment; 1,028 acres of land controlled for future development, and a wholesale data center with a critical load of 19.25 megawatts. The Company conducts all of its operations through Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively, the Operating Partnership). COPLP owns real estate both directly and through subsidiary partnerships and limited liability companies (LLCs).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Office REITs
  • Sub-Industry: Office REITs
  • Symbol: NYSE:OFC
  • CUSIP: 22002T10
  • Web: www.copt.com
Capitalization:
  • Market Cap: $3.13 billion
  • Outstanding Shares: 99,036,000
Average Prices:
  • 50 Day Moving Avg: $32.94
  • 200 Day Moving Avg: $33.63
  • 52 Week Range: $24.92 - $36.03
P/E:
  • Trailing P/E Ratio: 43.33
  • Foreward P/E Ratio: 35.10
  • P/E Growth: 5.20
Sales & Book Value:
  • Annual Revenue: $578.09 million
  • Price / Sales: 5.41
  • Book Value: $13.65 per share
  • Price / Book: 2.31
Dividend:
  • Annual Dividend: $1.10
  • Dividend Yield: 3.4%
Profitability:
  • EBITDA: $290.41 million
  • Net Margins: 15.86%
  • Return on Equity: 6.55%
  • Return on Assets: 2.48%
Debt:
  • Debt-to-Equity Ratio: 1.35%
  • Current Ratio: 2.15%
  • Quick Ratio: 2.15%
Misc:
  • Average Volume: 633,969 shs.
  • Beta: 0.81
  • Short Ratio: 3.41
 

Frequently Asked Questions for Corporate Office Properties Trust (NYSE:OFC)

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 Friday, August 11th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.275 per share on Monday, October 16th. This represents a $1.10 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, September 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) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.01. The company earned $151.44 million during the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. View Corporate Office Properties Trust's Earnings History.

When will Corporate Office Properties Trust make its next earnings announcement?

Corporate Office Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Corporate Office Properties Trust.

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

Corporate Office Properties Trust updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $2.02-2.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04. Corporate Office Properties Trust also updated its Q3 guidance to $0.51-0.53 EPS.

Where is Corporate Office Properties Trust's stock going? Where will Corporate Office Properties Trust's stock price be in 2017?

9 brokers have issued twelve-month target prices for Corporate Office Properties Trust's shares. Their forecasts range from $29.00 to $39.00. On average, they anticipate Corporate Office Properties Trust's stock price to reach $33.83 in the next twelve months. View Analyst Ratings for Corporate Office Properties Trust.

What are analysts saying about Corporate Office Properties Trust stock?

Here are some recent quotes from research analysts about Corporate Office Properties Trust stock:

  • 1. According to Zacks Investment Research, "Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties operates three real estate service companies: Corporate Development Services, Corporate Office Services and Corporate Management Services. " (10/19/2017)
  • 2. Jefferies Group LLC analysts commented, "OFC has been one of the top Trump trades among REITs given the company's focus on the defense industry. That said, with the stock having run 28% since the election, and now trading at an FFO multiple that is 25% above its 5- year average, we believe the potential for fundamental improvement is already priced in. At these levels, we prefer to wait on the sidelines until Congress approves a budget and we have a better sense of the upside." (2/21/2017)
  • 3. Mizuho analysts commented, "OFC reported solid 4Q16 results with same store NOI growth of 4.2% possibly restoring any lost confidence from investors after the 1% growth during 3Q16 -- although both were in line with prevailing expectations. Management reiterated 2017 guidance that was set on January 17, 2017. We are actually raising our 2017 estimates slightly today (by $0.02) given what we feel like is more visible stability/growth that lies ahead. In particular, OFC sits at a rare intersection of political agreement, with US defense spending increases being in general agreement from both sides of the aisle." (2/13/2017)

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 4,111,722 shares, an increase of 54.6% from the September 15th total of 2,659,275 shares. Based on an average daily trading volume, of 613,037 shares, the days-to-cover ratio is presently 6.7 days. Currently, 4.1% of the shares of the company are short sold.

Who are some of Corporate Office Properties Trust's key competitors?

Who are Corporate Office Properties Trust's key executives?

Corporate Office Properties Trust's management team includes the folowing people:

  • Thomas F. Brady CPA, Independent Chairman of the Board of Trustees
  • Stephen E. Budorick, President, Chief Executive Officer, Trustee
  • Paul R. Adkins, Chief Operating Officer, Executive Vice President
  • Anthony Mifsud, Chief Financial Officer, Executive Vice President
  • Robert L. Denton, Independent Trustee
  • Philip L. Hawkins, Independent Trustee
  • Elizabeth Ann Hight, Independent Trustee
  • David M. Jacobstein J.D., Independent Trustee
  • Steven D. Kesler, Independent Trustee

Who owns Corporate Office Properties Trust stock?

Corporate Office Properties Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.63%), Mutual of America Capital Management LLC (0.08%) and State Treasurer State of Michigan (0.04%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Karen M Singer, Robert L Denton and Steven D Kesler. View Institutional Ownership Trends for Corporate Office Properties Trust.

Who sold Corporate Office Properties Trust stock? Who is selling Corporate Office Properties Trust stock?

Corporate Office Properties Trust's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and State Treasurer State of Michigan. Company insiders that have sold Corporate Office Properties Trust stock in the last year include David M Jacobstein, Greg J Thor, Robert L Denton and Steven D Kesler. View Insider Buying and Selling for Corporate Office Properties Trust.

Who bought Corporate Office Properties Trust stock? Who is buying Corporate Office Properties Trust stock?

Corporate Office Properties Trust's stock was acquired by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. View Insider Buying and Selling for Corporate Office Properties Trust.

How do I buy Corporate Office Properties Trust stock?

Shares of Corporate Office Properties Trust can be purchased through any online brokerage account. Popular online brokerages 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 Corporate Office Properties Trust stock can currently be purchased for approximately $31.59.


MarketBeat Community Rating for Corporate Office Properties Trust (NYSE OFC)
Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  155 (Vote Outperform)
Underperform Votes:  308 (Vote Underperform)
Total Votes:  463
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Corporate Office Properties Trust (NYSE:OFC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.89)
Consensus Price Target: $33.83 (7.10% upside)
Consensus Price Target History for Corporate Office Properties Trust (NYSE:OFC)
Price Target History for Corporate Office Properties Trust (NYSE:OFC)
Analysts' Ratings History for Corporate Office Properties Trust (NYSE:OFC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/25/2017Jefferies Group LLCUpgradeHold -> Buy$36.00 -> $39.00HighView Rating Details
8/25/2017KeyCorpReiterated RatingHoldLowView Rating Details
8/1/2017Stifel NicolausDowngradeHold -> Sell$33.00 -> $29.00LowView Rating Details
7/31/2017Capital One Financial CorporationDowngradeOverweight -> Equal WeightMediumView Rating Details
7/10/2017MizuhoDowngradeBuy -> Neutral$38.00MediumView Rating Details
3/28/2017Evercore ISIReiterated RatingUnderperform$32.00LowView Rating Details
2/15/2017Robert W. BairdDowngradeOutperform -> Neutral$32.00 -> $33.00N/AView Rating Details
1/19/2017SunTrust Banks, Inc.DowngradeBuy -> Hold$32.00N/AView Rating Details
1/9/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$33.00N/AView Rating Details
8/15/2016J P Morgan Chase & CoBoost Price TargetNeutral$26.00 -> $29.00N/AView Rating Details
4/12/2016Credit Suisse GroupUpgradeNeutral -> Outperform$23.50 -> $29.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Corporate Office Properties Trust (NYSE:OFC)
Earnings by Quarter for Corporate Office Properties Trust (NYSE:OFC)
Earnings History by Quarter for Corporate Office Properties Trust (NYSE OFC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.20N/AView Earnings Details
7/27/2017Q2 2017$0.48$0.49$138.04 million$151.44 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.46$0.47$135.16 million$139.80 millionViewN/AView Earnings Details
2/9/2017Q4 2016$0.22$0.51$128.02 million$141.99 millionViewListenView Earnings Details
10/27/2016Q316$0.51$0.51$125.03 million$142.10 millionViewListenView Earnings Details
4/29/2016Q116$0.47$0.47$113.83 million$144.30 millionViewListenView Earnings Details
2/12/2016Q415$0.52$0.52$114.35 million$143.30 millionViewListenView Earnings Details
10/29/2015Q315$0.52$0.52$107.30 million$150.70 millionViewListenView Earnings Details
7/28/2015Q215$0.50$0.52$104.27 million$170.40 millionViewListenView Earnings Details
4/28/2015Q115$0.46$0.45$97.30 million$161.03 millionViewN/AView Earnings Details
2/10/2015Q414$0.57$0.49$95.40 million$146.97 millionViewN/AView Earnings Details
10/24/2014Q314$0.18$0.22$117.85 million$153.02 millionViewListenView Earnings Details
7/25/2014Q214$0.16$0.02$95.32 million$139.82 millionViewListenView Earnings Details
4/25/2014Q114$0.13$0.48$95.68 million$146.67 millionViewListenView Earnings Details
2/7/2014Q413$0.20$0.48$95.94 million$118.49 millionViewListenView Earnings Details
10/25/2013Q313$0.28$0.49$96.48 million$136.00 millionViewListenView Earnings Details
7/26/2013Q213$0.51$0.52$97.99 millionViewListenView Earnings Details
4/26/2013Q213$0.20$0.48$104.57 million$116.74 millionViewListenView Earnings Details
2/8/2013Q412$0.18$0.16$92.31 million$137.51 millionViewN/AView Earnings Details
10/25/2012$0.52$0.53ViewN/AView Earnings Details
7/26/2012$0.52$0.54ViewN/AView Earnings Details
4/26/2012$0.50$0.53ViewN/AView Earnings Details
2/9/2012($0.29)($0.30)ViewN/AView Earnings Details
10/27/2011$0.50$0.52ViewN/AView Earnings Details
7/28/2011$0.03$0.57ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Corporate Office Properties Trust (NYSE:OFC)
2017 EPS Consensus Estimate: $2.04
2018 EPS Consensus Estimate: $2.13
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.45$0.49$0.47
Q2 20174$0.49$0.51$0.50
Q3 20174$0.53$0.53$0.53
Q4 20174$0.54$0.55$0.55
Q1 20182$0.51$0.52$0.52
Q2 20182$0.53$0.53$0.53
Q3 20182$0.53$0.54$0.54
Q4 20182$0.54$0.55$0.55
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Corporate Office Properties Trust (NYSE:OFC)
Most Recent Dividend:10/16/2017
Annual Dividend:$1.10
Dividend Yield:3.48%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:150.68% (Trailing 12 Months of Earnings)
146.67% (Based on This Year's Estimates)
122.22% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Corporate Office Properties Trust (NYSE:OFC)

Dividend History by Quarter for Corporate Office Properties Trust (NYSE OFC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/11/2017Quarterly$0.283.36%9/28/20179/30/201710/16/2017
5/12/2017quarterly$0.283.39%6/28/20176/30/20177/17/2017
2/8/2017quarterly$0.283.44%3/29/20173/31/20174/17/2017
11/11/2016Quarterly$0.2812/28/201612/30/20161/17/2017
8/26/2016Quarterly$0.289/28/20169/30/201610/17/2016
5/13/2016Quarterly$0.286/28/20166/30/20167/15/2016
2/11/2016Quarterly$0.283/29/20163/31/20164/15/2016
12/11/2015Quarterly$0.2812/29/201512/31/20151/15/2016
9/10/2015$0.289/28/20159/30/201510/15/2015
5/8/2015quarterly$0.284.1%6/26/20156/30/20157/15/2015
3/6/2015quarterly$0.283.84%3/27/20153/31/20154/15/2015
12/12/2014quarterly$0.283.9%12/29/201412/31/20141/15/2015
9/18/2014quarterly$0.284.14%9/26/20149/30/201410/15/2014
5/8/2014quarterly$0.284.05%6/26/20146/30/20147/15/2014
3/6/2014quarterly$0.284.26%3/27/20143/31/20144/15/2014
12/5/2013quarterly$0.284.99%12/27/201312/31/20131/15/2014
9/12/2013quarterly$0.284.7%9/26/20139/30/201310/15/2013
5/9/2013quarterly$0.283.78%6/26/20136/28/20137/15/2013
2/28/2013quarterly$0.284.26%3/26/20133/31/20134/15/2013
12/13/2012quarterly$0.284.46%12/27/201212/31/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Corporate Office Properties Trust (NYSE:OFC)
Insider Ownership Percentage: 0.60%
Insider Trades by Quarter for Corporate Office Properties Trust (NYSE:OFC)
Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)
Insider Trades by Quarter for Corporate Office Properties Trust (NYSE:OFC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/20/2017Steven D. KeslerDirectorSell3,637$35.40$128,749.80View SEC Filing  
6/7/2017Robert L DentonDirectorSell2,000$34.51$69,020.00View SEC Filing  
5/19/2017David M JacobsteinDirectorSell3,118$33.54$104,577.72View SEC Filing  
5/18/2017Robert L DentonDirectorSell3,118$32.73$102,052.14View SEC Filing  
3/1/2017Greg J ThorCAOSell3,555$34.02$120,941.10View SEC Filing  
11/10/2016Steven D. KeslerDirectorSell4,000$27.72$110,880.00View SEC Filing  
8/26/2016David M JacobsteinDirectorSell1,924$28.36$54,564.64View SEC Filing  
8/4/2016Robert L DentonDirectorSell2,000$29.49$58,980.00View SEC Filing  
6/9/2016Greg J ThorCAOSell2,085$27.56$57,462.60View SEC Filing  
6/1/2016David M JacobsteinDirectorSell1,500$26.99$40,485.00View SEC Filing  
5/9/2016Robert L. DentonDirectorSell3,007$26.80$80,587.60View SEC Filing  
3/17/2016Greg J ThorCAOSell2,183$25.95$56,648.85View SEC Filing  
2/17/2016David M JacobsteinDirectorSell2,000$22.23$44,460.00View SEC Filing  
11/17/2015Karen M SingerSVPSell7,500$21.55$161,625.00View SEC Filing  
6/10/2015David M JacobsteinDirectorSell3,600$24.87$89,532.00View SEC Filing  
3/16/2015Steven D KeslerDirectorSell5,000$29.47$147,350.00View SEC Filing  
2/27/2015David M JacobsteinDirectorBuy4,055$29.60$120,028.00View SEC Filing  
2/20/2015Robert L DentonDirectorSell8,000$29.90$239,200.00View SEC Filing  
12/16/2014Robert L DentonDirectorSell3,000$27.80$83,400.00View SEC Filing  
9/8/2014Thomas F BradyDirectorSell5,000$29.05$145,250.00View SEC Filing  
8/19/2014Robert L DentonDirectorSell2,500$28.27$70,675.00View SEC Filing  
8/13/2014David M JacobsteinDirectorSell5,900$28.18$166,262.00View SEC Filing  
6/2/2014Greg J ThorCAOSell1,593$27.92$44,476.56View SEC Filing  
5/9/2014Robert DentonDirectorSell2,865$26.70$76,495.50View SEC Filing  
5/2/2014Greg ThorCAOSell1,000$26.79$26,790.00View SEC Filing  
4/4/2014Clay Hamlin IIIDirectorSell10,000$27.00$270,000.00View SEC Filing  
3/5/2014Greg ThorCAOSell2,233$27.08$60,469.64View SEC Filing  
3/4/2014Steven KeslerDirectorSell5,000$26.67$133,350.00View SEC Filing  
3/3/2014Greg ThorCAOSell1,671$26.77$44,732.67View SEC Filing  
2/19/2014Clay Hamlin IIIDirectorSell12,849$27.00$346,923.00View SEC Filing  
2/14/2014Clay Hamlin IIIDirectorSell17,151$27.00$463,077.00View SEC Filing  
12/12/2013Omega Healthcare Investors IncDirectorBuy10,000$22.09$220,900.00View SEC Filing  
11/26/2013Roger Waesche, Jr.PresidentBuy10,000$21.85$218,500.00View SEC Filing  
9/18/2013Clay Hamlin IIIDirectorSell5,000$24.00$120,000.00View SEC Filing  
9/4/2013Clay Hamlin IIIDirectorSell5,000$22.81$114,050.00View SEC Filing  
8/2/2013Clay Hamlin IIIDirectorSell10,000$25.56$255,600.00View SEC Filing  
7/8/2013Clay W Hamlin IIIDirectorSell10,000$26.29$262,900.00View SEC Filing  
6/3/2013Clay W Hamlin IIIDirectorSell10,000$26.56$265,600.00View SEC Filing  
5/14/2013Robert L DentonDirectorSell3,525$29.27$103,176.75View SEC Filing  
5/1/2013Clay W Hamlin IIIDirectorSell10,000$28.86$288,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Corporate Office Properties Trust (NYSE:OFC)
Latest Headlines for Corporate Office Properties Trust (NYSE:OFC)
Source:
Loading headlines, please wait.

Social

Chart

Corporate Office Properties Trust (OFC) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.