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 June 30, 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 93.4% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
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 Ratio1.24
Current Ratio1.98
Quick Ratio1.98
Price-To-Earnings
Trailing P/E Ratio13.92
Forward P/E Ratio13.99
P/E Growth4.25
Sales & Book Value
Annual Sales$612.82 million
Price / Sales4.74
Cash Flow$1.9950 per share
Price / Cash14.09
Book Value$14.57 per share
Price / Book1.93
Profitability
EPS (Most Recent Fiscal Year)$2.03
Net Income$70.09 million
Net Margins10.81%
Return on Equity4.52%
Return on Assets1.85%
Miscellaneous
Employees375
Outstanding Shares103,260,000
Market Cap$3.08 billion
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 Tuesday, August 7th. Investors of record on Friday, September 28th will be paid a dividend of $0.275 per share on Monday, October 15th. This represents a $1.10 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, September 27th. 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 results on Thursday, July, 26th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The real estate investment trust earned $146.70 million during the quarter, compared to analyst estimates of $155.10 million. Corporate Office Properties Trust had a net margin of 10.81% and a return on equity of 4.52%. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. View Corporate Office Properties Trust's Earnings History.
When is Corporate Office Properties Trust's next earnings date?
How can I listen to Corporate Office Properties Trust's earnings call?
Corporate Office Properties Trust will be holding an earnings conference call on Friday, October 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8554639057.
What guidance has Corporate Office Properties Trust issued on next quarter's earnings?
Corporate Office Properties Trust updated its fourth quarter earnings guidance on Thursday, July, 26th. The company provided EPS guidance of $0.48-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.51. Corporate Office Properties Trust also updated its Q3 guidance to $0.49-0.51 EPS.
What price target have analysts set for OFC?
8 analysts have issued 12 month price targets for Corporate Office Properties Trust's shares. Their forecasts range from $25.00 to $38.00. On average, they expect Corporate Office Properties Trust's share price to reach $30.3750 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price. View Analyst Price Targets for Corporate Office Properties Trust.
What is the consensus analysts' recommendation for Corporate Office Properties Trust?
8 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, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corporate Office Properties Trust.
Are investors shorting Corporate Office Properties Trust?
Corporate Office Properties Trust saw a decline in short interest in the month of September. As of September 28th, there was short interest totalling 4,480,751 shares, a decline of 37.1% from the September 14th total of 7,119,382 shares. Based on an average daily trading volume, of 611,004 shares, the days-to-cover ratio is currently 7.3 days. Currently, 4.4% of the shares of the company are short sold. View Corporate Office Properties Trust's Current Options Chain.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Mid-America Apartment Communities (MAA), Klepierre (KLPEF), SINO Ld Ltd/S (SNLAY), Extra Space Storage (EXR), Regency Centers (REG), UDR (UDR), Duke Realty (DRE), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), AGNC Investment (AGNC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), SL Green Realty (SLG), 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
Who are Corporate Office Properties Trust's major shareholders?
Corporate Office Properties Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.23%), Bank of Montreal Can (0.13%), Aperio Group LLC (0.08%), State of New Jersey Common Pension Fund D (0.05%), State of Alaska Department of Revenue (0.04%) and Deprince Race & Zollo Inc. (0.04%). 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 Deprince Race & Zollo Inc., State of Alaska Department of Revenue, Gofen & Glossberg LLC IL, Peregrine Capital Management LLC and Aperio Group LLC. 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 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 Bank of Montreal Can and State of New Jersey Common Pension Fund D. 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 $28.11.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $3.08 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.
What is Corporate Office Properties Trust's official website?
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)
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.
