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NYSE:OFC

Corporate Office Properties Trust - OFC Stock Forecast, Price & News

$27.48
-0.21 (-0.76%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.48
$27.96
50-Day Range
$25.32
$28.15
52-Week Range
$23.89
$29.64
Volume
657,469 shs
Average Volume
541,756 shs
Market Capitalization
$3.09 billion
P/E Ratio
23.49
Dividend Yield
3.97%
Price Target
$27.80

Corporate Office Properties Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.2% Upside
$27.80 Price Target
Short Interest
Healthy
4.56% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.79
Upright™ Environmental Score
News Sentiment
0.67mentions of Corporate Office Properties Trust in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$91,344 Sold Last Quarter
Proj. Earnings Growth
3.85%
From $2.34 to $2.43 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Finance Sector

760th out of 920 stocks

Real Estate Investment Trusts Industry

149th out of 194 stocks

OFC stock logo

About Corporate Office Properties Trust (NYSE:OFC) Stock

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is 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 December 31, 2020, the Company derived 87% of its core portfolio annualized rental revenue from Defense/IT Locations and 13% from its Regional Office Properties. As of the same date and including 17 properties owned through unconsolidated joint ventures, COPT's core portfolio of 179 office and data center shell properties encompassed 20.8 million square feet and was 95.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group reduced their price target on Corporate Office Properties Trust from $29.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. Truist Financial reduced their target price on Corporate Office Properties Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. StockNews.com lowered Corporate Office Properties Trust from a "buy" rating to a "sell" rating in a research report on Friday, August 5th. Finally, Wells Fargo & Company reduced their target price on Corporate Office Properties Trust from $33.00 to $30.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Corporate Office Properties Trust presently has an average rating of "Hold" and an average price target of $27.80.

Corporate Office Properties Trust Stock Performance

Corporate Office Properties Trust stock traded up $0.22 during trading hours on Thursday, hitting $27.91. 9,671 shares of the stock traded hands, compared to its average volume of 546,880. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.46 and a quick ratio of 1.46. The firm's 50 day moving average price is $26.65 and its 200-day moving average price is $26.81. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.21 and a beta of 0.92. Corporate Office Properties Trust has a 1 year low of $23.89 and a 1 year high of $29.64.

Insider Buying and Selling at Corporate Office Properties Trust

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,416 shares of the business's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $26.74, for a total transaction of $91,343.84. Following the sale, the director now owns 3,941 shares in the company, valued at approximately $105,382.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.85% of the company's stock.

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OFC Stock News Headlines

COPT Declares 99th Consecutive Common Dividend
COPT Reports 2Q 2022 Results
COPT Declares 98th Consecutive Common Dividend
Corporate Office Properties Trust Tops Q1 EPS by 23c
COPT 1Q 2022 Results Exceed Guidance
Fiscal Year 2022 Defense Budget Appropriated
See More Headlines
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OFC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/12/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$27.80
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+1.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$76.54 million
Pretax Margin
10.06%

Debt

Sales & Book Value

Annual Sales
$664.45 million
Cash Flow
$2.02 per share
Book Value
$15.09 per share

Miscellaneous

Free Float
111,459,000
Market Cap
$3.09 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Mr. Stephen E. Budorick (Age 62)
    Pres, CEO & Trustee
    Comp: $2.22M
  • Mr. Anthony Mifsud (Age 58)
    Exec. VP & CFO
    Comp: $1.23M
  • Mr. Todd W. Hartman (Age 55)
    Exec. VP & COO
    Comp: $1.28M
  • Mr. Gregory J. Thor (Age 58)
    Chief Accounting Officer, Sr. VP & Controller
  • Mr. David L. Finch
    VP, Gen. Counsel & Sec.
  • Mr. S. Judson Williams
    Sr. VP of Bus. Devel.
  • Ms. Holly G. Edington
    Sr. VP of HR
  • Ms. Catherine M. Ward
    Sr. VP of Asset Management & Leasing
  • Mr. Dean A. Lopez
    Sr. VP of Devel. & Construction
  • Mr. Charles J. Fiala Jr.
    Sr. VP of Operations & Gov. Services













OFC Stock - Frequently Asked Questions

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

6 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, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OFC shares.
View OFC analyst ratings
or view top-rated stocks.

What is Corporate Office Properties Trust's stock price forecast for 2022?

6 equities research analysts have issued 12-month target prices for Corporate Office Properties Trust's stock. Their OFC share price forecasts range from $24.00 to $31.00. On average, they expect the company's share price to reach $27.80 in the next year. This suggests a possible upside of 1.2% 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 2022?

Corporate Office Properties Trust's stock was trading at $27.97 on January 1st, 2022. Since then, OFC shares have decreased by 1.8% and is now trading at $27.48.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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 data on Thursday, April, 28th. The real estate investment trust reported $0.52 earnings per share (EPS) 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 17.85% and a trailing twelve-month return on equity of 6.04%. The company's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm 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 declared a quarterly dividend on Thursday, May 12th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.275 per share on Friday, July 15th. This represents a $1.10 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, 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 $1.10 per share and currently has a dividend yield of 3.97%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OFC will have a dividend payout ratio of 45.27% 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 third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $0.57-$0.59 for the period. The company issued revenue guidance of -.

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 variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (4.21%), Frontier Capital Management Co. LLC (1.38%), Fort Washington Investment Advisors Inc. OH (1.02%), JPMorgan Chase & Co. (0.99%), Deroy & Devereaux Private Investment Counsel Inc. (0.82%) and Sumitomo Mitsui Trust Holdings Inc. (0.81%). 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 $27.48.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $3.09 billion and generates $664.45 million in revenue each year. The real estate investment trust earns $76.54 million in net income (profit) each year or $1.17 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

The company employs 405 workers across the globe.

When was Corporate Office Properties Trust founded?

Corporate Office Properties Trust was founded in 1988.

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 8/12/2022 by MarketBeat.com Staff

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