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NYSE:OFC

Corporate Office Properties Trust (OFC) Stock Forecast, Price & News

$23.34
+0.78 (+3.46%)
(As of 06/2/2023 ET)
Compare
Today's Range
$22.84
$23.40
50-Day Range
$21.85
$24.46
52-Week Range
$21.59
$28.69
Volume
546,181 shs
Average Volume
739,347 shs
Market Capitalization
$2.63 billion
P/E Ratio
13.65
Dividend Yield
4.88%
Price Target
$26.25

Corporate Office Properties Trust MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
12.5% Upside
$26.25 Price Target
Short Interest
Healthy
2.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.79
Upright™ Environmental Score
News Sentiment
1.23mentions of Corporate Office Properties Trust in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$90,446 Sold Last Quarter
Proj. Earnings Growth
3.77%
From $2.39 to $2.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Finance Sector

262nd out of 874 stocks

Real Estate Investment Trusts Industry

43rd out of 191 stocks


OFC stock logo

About Corporate Office Properties Trust (NYSE:OFC) Stock

Corporate Office Properties Trust is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.

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OFC Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
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COPT Declares Second Quarter 2023 Common Dividend
8-K: CORPORATE OFFICE PROPERTIES TRUST
BTIG Keeps Their Buy Rating on Corporate Office Properties (OFC)
COPT First Quarter 2023 Results Exceed Guidance
OFC Corporate Office Properties Trust
See More Headlines

OFC Price History

OFC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Today
6/02/2023
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Office REITs
Sector
Finance
CUSIP
22002T10
Employees
405
Year Founded
1988

Price Target and Rating

Average Stock Price Forecast
$26.25
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$173.03 million
Pretax Margin
27.85%

Debt

Sales & Book Value

Annual Sales
$739.03 million
Cash Flow
$2.63 per share
Book Value
$15.72 per share

Miscellaneous

Free Float
111,535,000
Market Cap
$2.60 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Stephen E. BudorickStephen E. Budorick
    President, Chief Executive Officer & Trustee
  • Anthony Mifsud
    Chief Financial Officer & Executive Vice President
  • Matthew T. Myers
    Chief Accounting Officer, Senior VP & Controller
  • David L. Finch
    Secretary, Vice President & General Counsel
  • Venkat Kommineni
    Vice President-Investor Relations













OFC Stock - Frequently Asked Questions

Should I buy or sell Corporate Office Properties Trust stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OFC, but not buy additional shares or sell existing shares.
View OFC analyst ratings
or view top-rated stocks.

What is Corporate Office Properties Trust's stock price forecast for 2023?

3 brokerages have issued 12 month target prices for Corporate Office Properties Trust's stock. Their OFC share price forecasts range from $24.00 to $29.00. On average, they expect the company's share price to reach $26.25 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
View analysts price targets for OFC
or view top-rated stocks among Wall Street analysts.

How have OFC shares performed in 2023?

Corporate Office Properties Trust's stock was trading at $25.94 on January 1st, 2023. Since then, OFC stock has decreased by 10.0% and is now trading at $23.34.
View the best growth stocks for 2023 here
.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a decline in short interest in May. As of May 15th, there was short interest totaling 2,760,000 shares, a decline of 15.6% from the April 30th total of 3,270,000 shares. Based on an average daily trading volume, of 795,800 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.5% of the company's stock are sold short.
View Corporate Office Properties Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our OFC earnings forecast
.

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

Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.04. The real estate investment trust had revenue of $195.48 million for the quarter, compared to the consensus estimate of $168.33 million. Corporate Office Properties Trust had a net margin of 27.07% and a trailing twelve-month return on equity of 11.18%. The company's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS.

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 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.285 per share on Monday, July 17th. This represents a $1.14 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for OFC
.

Is Corporate Office Properties Trust a good dividend stock?

Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.14 per share and currently has a dividend yield of 5.00%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFC will have a dividend payout ratio of 45.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFC.

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

Corporate Office Properties Trust updated its FY23 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $2.35-$2.41 for the period, compared to the consensus EPS estimate of $2.39.

What is Stephen E. Budorick's approval rating as Corporate Office Properties Trust's CEO?

8 employees have rated Corporate Office Properties Trust Chief Executive Officer Stephen E. Budorick on Glassdoor.com. Stephen E. Budorick has an approval rating of 49% among the company's employees. This puts Stephen E. Budorick in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (15.12%), State Street Corp (6.07%), Barrow Hanley Mewhinney & Strauss LLC (5.26%), FMR LLC (4.86%), Victory Capital Management Inc. (3.64%) and Channing Capital Management LLC (2.81%). Insiders that own company stock include C Taylor Pickett, David M Jacobstein, Greg J Thor, Lisa G Trimberger, Robert L Denton, Stephen E Budorick, Steven D Kesler and Steven D Kesler.
View institutional ownership trends
.

How do I buy shares of Corporate Office Properties Trust?

Shares of OFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Corporate Office Properties Trust's stock price today?

One share of OFC stock can currently be purchased for approximately $23.34.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.63 billion and generates $739.03 million in revenue each year. The real estate investment trust earns $173.03 million in net income (profit) each year or $1.71 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

The company employs 405 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 official website for the company is www.copt.com. The real estate investment trust can be reached via phone at (443) 285-5400, via email at ir@copt.com, or via fax at 443-285-7650.

This page (NYSE:OFC) was last updated on 6/2/2023 by MarketBeat.com Staff

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