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 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.
Industry, Sector and Symbol
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 Ratio13.78
Forward P/E Ratio13.95
P/E Growth6.62
Sales & Book Value
Annual Sales$612.82 million
Price / Sales4.67
Cash Flow$2.1503 per share
Price / Cash13.04
Book Value$14.57 per share
Price / Book1.92
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
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. Shareholders 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 yield of 3.92%. The ex-dividend date of this dividend 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 quarterly earnings data on Thursday, April, 26th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.49 by $0.32. The real estate investment trust earned $155.48 million during the quarter, compared to the consensus estimate of $155.72 million. Corporate Office Properties Trust had a net margin of 10.48% and a return on equity of 4.49%. Corporate Office Properties Trust's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
What guidance has Corporate Office Properties Trust issued on next quarter's earnings?
Corporate Office Properties Trust updated its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share (EPS) 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?
11 Wall Street analysts have issued twelve-month target prices for Corporate Office Properties Trust's stock. Their predictions range from $26.00 to $38.00. On average, they expect Corporate Office Properties Trust's stock price to reach $29.5714 in the next year. View Analyst Ratings for Corporate Office Properties Trust.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Regency Centers (REG), UDR (UDR), Iron Mountain (IRM), SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Camden Property Trust (CPT), AGNC Investment (AGNC), Equity Lifestyle Properties (ELS), Macerich (MAC), Sun Communities (SUI) and VICI Properties (VICI).
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 headlines about OFC stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a news impact score of 0.24 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 47.95 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect 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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.12%), JPMorgan Chase & Co. (3.61%), Centersquare Investment Management LLC (1.89%), Frontier Capital Management Co. LLC (1.88%), Northern Trust Corp (1.66%) and Dimensional Fund Advisors LP (1.55%). 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 Millennium Management LLC, Wells Fargo & Company MN, Advantus Capital Management Inc, Nuveen Asset Management LLC, Landscape Capital Management L.L.C., UBS Group AG, Sei Investments Co. and Cubist Systematic Strategies LLC. View Insider Buying and Selling for Corporate Office Properties Trust.
Which major investors are buying Corporate Office Properties Trust stock?
OFC stock was purchased by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Frontier Capital Management Co. LLC, Citadel Advisors LLC, V3 Capital Management L.P., JPMorgan Chase & Co., Becker Capital Management Inc., Zimmer Partners LP and Kempen Capital Management N.V.. 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 $28.04.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $2.82 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 (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.
