NYSE:OFC

Corporate Office Properties Trust Stock Forecast, Price & News

$23.61

-0.55 (-2.28 %)

(As of 10/19/2020 12:00 AM ET)

Add

Compare

Today's Range

$23.58

Now: $23.61▼

$24.39

50-Day Range

$22.07

MA: $24.17▼

$25.79

52-Week Range

$15.23

Now: $23.61▼

$30.57

Volume1.96 million shs

Average Volume798,783 shs

Market Capitalization$2.65 billion

P/E Ratio23.85

Dividend Yield4.55%

Beta0.94

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, 2019, the Company derived 89% of its core portfolio annualized revenue from Defense/IT Locations and 11% 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 163 office and data center shell properties encompassed 18.2 million square feet and was 93.7% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Corporate Office Properties Trust has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 6 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $28.15, Corporate Office Properties Trust has a forecasted upside of 19.2% from its current price of $23.61.
Amount of Analyst Coverage
Corporate Office Properties Trust has only been the subject of 3 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Corporate Office Properties Trust has received 330 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Corporate Office Properties Trust has received 560 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Corporate Office Properties Trust has received 62.92% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Corporate Office Properties Trust is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Corporate Office Properties Trust has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Corporate Office Properties Trust is 54.19%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 50.23% next year. This indicates that Corporate Office Properties Trust will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corporate Office Properties Trust insiders have bought 426.28% more of their company's stock than they have sold. Specifically, they have bought $453,600.00 in company stock and sold $86,190.00 in company stock.
Percentage Held by Insiders
Only 0.60% of the stock of Corporate Office Properties Trust is held by insiders.
Percentage Held by Institutions
98.24% of the stock of Corporate Office Properties Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Corporate Office Properties Trust are expected to grow by 5.29% in the coming year, from $2.08 to $2.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corporate Office Properties Trust is 23.85, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corporate Office Properties Trust is 23.85, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.84.
Price to Earnings Growth Ratio
Corporate Office Properties Trust has a PEG Ratio of 2.52. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Corporate Office Properties Trust has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryOffice REITs

SectorFinance

Current SymbolNYSE:OFC

Previous Symbol

CUSIP22002T10

CIK860546

Webwww.copt.com

Phone443-285-5400

Employees378

Debt

Debt-to-Equity Ratio1.21

Current Ratio1.29

Quick Ratio1.29

Price-To-Earnings

Trailing P/E Ratio23.85

Forward P/E Ratio11.35

P/E Growth2.52

Sales & Book Value

Annual Sales$641.23 million

Price / Sales4.13

Cash Flow$2.74 per share

Price / Cash Flow8.62

Book Value$15.34 per share

Price / Book1.54

Profitability

EPS (Most Recent Fiscal Year)$2.03

Net Income$191.69 million

Net Margins18.34%

Return on Equity6.62%

Return on Assets2.83%

Miscellaneous

Outstanding Shares112,183,000

Market Cap$2.65 billion

Next Earnings Date10/29/2020 (Confirmed)

OptionableOptionable

$23.61

-0.55 (-2.28 %)

(As of 10/19/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive OFC News and Ratings via Email

Sign-up to receive the latest news and ratings for OFC and its competitors with MarketBeat's FREE daily newsletter.

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

How has Corporate Office Properties Trust's stock price been impacted by Coronavirus (COVID-19)?

Corporate Office Properties Trust's stock was trading at $24.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, OFC stock has decreased by 1.9% and is now trading at $23.61.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Corporate Office Properties Trust?

14 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, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Corporate Office Properties Trust.

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

Corporate Office Properties Trust is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Corporate Office Properties Trust.

How can I listen to Corporate Office Properties Trust's earnings call?

Corporate Office Properties Trust will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Corporate Office Properties Trust's earnings last quarter?

Corporate Office Properties Trust (NYSE:OFC) announced its earnings results on Thursday, July, 30th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.50 by $0.29. The real estate investment trust had revenue of $144.77 million for the quarter, compared to analyst estimates of $146.18 million. Corporate Office Properties Trust had a net margin of 18.34% and a return on equity of 6.62%.
View Corporate Office Properties Trust's earnings history.

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 Monday, August 17th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.275 per share on Thursday, October 15th. This represents a $1.10 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Tuesday, September 29th.
View Corporate Office Properties Trust's dividend history.

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

Corporate Office Properties Trust updated its fourth quarter earnings guidance on Friday, September, 11th. The company provided EPS guidance of $0.52-0.54 for the period, compared to the Thomson Reuters consensus estimate of $0.53.

What price target have analysts set for OFC?

14 analysts have issued 12 month target prices for Corporate Office Properties Trust's stock. Their forecasts range from $23.00 to $34.00. On average, they anticipate Corporate Office Properties Trust's share price to reach $28.15 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
View analysts' price targets for Corporate Office Properties Trust.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a decline in short interest in September. As of September 30th, there was short interest totaling 1,510,000 shares, a decline of 16.6% from the September 15th total of 1,810,000 shares. Based on an average daily volume of 655,900 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the company's stock are short sold.
View Corporate Office Properties Trust's Short Interest.

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

Some companies that are related to Corporate Office Properties Trust include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), CoreSite Realty (COR), Douglas Emmett (DEI), Highwoods Properties (HIW), SL Green Realty (SLG), Equity Commonwealth (EQC), Hudson Pacific Properties (HPP), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack Cali Realty (CLI) and Franklin Street Properties (FSP).
View all 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 Ventas (VTR), AT&T (T), Physicians Realty Trust (DOC), Enterprise Products Partners (EPD), Iron Mountain (IRM), Kimco Realty (KIM), Realty Income (O), American Tower (AMT), LTC Properties (LTC) and Verizon Communications (VZ).

Who are Corporate Office Properties Trust's key executives?

Corporate Office Properties Trust's management team includes the following 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

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."

Who are Corporate Office Properties Trust's major shareholders?

Corporate Office Properties Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.97%), Envestnet Asset Management Inc. (0.06%), State of Alaska Department of Revenue (0.05%), Pacer Advisors Inc. (0.05%), Pensionfund DSM Netherlands (0.03%) and Redpoint Investment Management Pty Ltd (0.01%). Company insiders that own Corporate Office Properties Trust stock include C Taylor Pickett, David M Jacobstein, Greg J Thor, 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 Pensionfund DSM Netherlands. 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 activity 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 Wedge Capital Management L L P NC, Pacer Advisors Inc., Redpoint Investment Management Pty Ltd, State of Alaska Department of Revenue, Envestnet Asset Management Inc., Exane Derivatives, and Exane Derivatives. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include C Taylor Pickett, Philip L Hawkins, Stephen E Budorick, and Steven D Kesler.
View insider buying and selling activity 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, Robinhood, 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 $23.61.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $2.65 billion and generates $641.23 million in revenue each year. The real estate investment trust earns $191.69 million in net income (profit) each year or $2.03 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 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]

This page was last updated on 10/19/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Get Started with MarketBeat

	Read Your Daily Newsletter
	Check Out My MarketBeat
	Watch Our Tutorial Videos
	Add a Stock to Your Watchlist
	Set Up an Instant Alert
	View a Company's Profile Page
	View Our Financial Calendars
	View Today's Analyst Ratings