NYSE:OFC - Corporate Office Properties Trust Stock Price, Price Target & More

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$29.18 -0.18 (-0.61 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$29.18
Today's Range$29.1350 - $29.49
52-Week Range$24.55 - $34.94
Volume1.16 million shs
Average Volume620,218 shs
Market Capitalization$3.00 billion
P/E Ratio14.37
Dividend Yield3.75%
Beta0.67
Corporate Office Properties Trust logoCOPT 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 March 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 157 office and data center shell properties encompassed 17.5 million square feet and was 91.9% leased. As of the same date, the Company also owned one wholesale data center with a critical load of 19.25 megawatts.

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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 Ratio1.26
Current Ratio1.88
Quick Ratio1.88

Price-To-Earnings

Trailing P/E Ratio14.37
Forward P/E Ratio14.52
P/E Growth7.04

Sales & Book Value

Annual Sales$612.82 million
Price / Sales4.86
Cash Flow$2.1038 per share
Price / Cash13.87
Book Value$14.57 per share
Price / Book2.00

Profitability

EPS (Most Recent Fiscal Year)$2.03
Net Income$70.09 million
Net Margins10.48%
Return on Equity4.49%
Return on Assets1.81%

Miscellaneous

Employees375
Outstanding Shares102,140,000
Market Cap$2,998.96

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 announced a quarterly dividend on Thursday, May 10th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.275 per share on Monday, July 16th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, June 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 earnings results on Thursday, April, 26th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.32. The real estate investment trust had revenue of $155.48 million for the quarter, compared to analyst estimates of $155.72 million. Corporate Office Properties Trust had a return on equity of 4.49% and a net margin of 10.48%. The business's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. 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, July, 26th 2018. 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 issued an update on its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share guidance of $1.96-2.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00. Corporate Office Properties Trust also updated its Q2 guidance to $0.48-0.50 EPS.

What price target have analysts set for OFC?

10 Wall Street analysts have issued 12-month target prices for Corporate Office Properties Trust's shares. Their forecasts range from $26.00 to $38.00. On average, they anticipate Corporate Office Properties Trust's stock price to reach $29.5714 in the next year. This suggests a possible upside of 1.3% from the stock's current price. View Analyst Ratings for Corporate Office Properties Trust.

What is the consensus analysts' recommendation for Corporate Office Properties Trust?

10 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, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

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:
  • 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?

News stories about OFC stock have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Corporate Office Properties Trust earned a daily sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 45.97 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are Corporate Office Properties Trust's major shareholders?

Corporate Office Properties Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Channing Capital Management LLC (2.33%), Fisher Asset Management LLC (0.59%), Peregrine Capital Management LLC (0.24%), State of Alaska Department of Revenue (0.05%), Gofen & Glossberg LLC IL (0.04%) and Municipal Employees Retirement System of Michigan (0.02%). 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 Bank of Montreal Can, Channing Capital Management LLC, State of Alaska Department of Revenue, Peregrine Capital Management LLC, Gofen & Glossberg LLC IL, Municipal Employees Retirement System of Michigan and Fisher Asset Management LLC. View Insider Buying and Selling for Corporate Office Properties Trust.

Which major investors are buying Corporate Office Properties Trust stock?

OFC stock was acquired by a variety of institutional investors in the last quarter, including Garner Asset Management Corp. 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 $29.18.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $3.00 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)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  220 (Vote Outperform)
Underperform Votes:  417 (Vote Underperform)
Total Votes:  637
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 7/21/2018 by MarketBeat.com Staff

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