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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. 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.

3 analysts 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 $27.50 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
View analysts price targets for OFC or view top-rated stocks among Wall Street analysts.

Corporate Office Properties Trust's stock was trading at $25.94 at the beginning of the year. Since then, OFC shares have increased by 3.8% and is now trading at $26.93.
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Corporate Office Properties Trust saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 3,790,000 shares, an increase of 30.2% from the December 15th total of 2,910,000 shares. Based on an average daily volume of 680,400 shares, the days-to-cover ratio is currently 5.6 days. Approximately 3.4% of the shares of the company are sold short.
View Corporate Office Properties Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our OFC earnings forecast.

Corporate Office Properties Trust will be holding an earnings conference call on Friday, February 10th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Corporate Office Properties Trust (NYSE:OFC) announced its 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 earned $195.48 million during the quarter, compared to analyst estimates of $168.33 million. Corporate Office Properties Trust had a net margin of 18.17% and a trailing twelve-month return on equity of 6.24%. 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 company earned $0.56 earnings per share.

Corporate Office Properties Trust declared a quarterly dividend on Thursday, November 10th. Investors of record on Friday, December 30th will be paid a dividend of $0.275 per share on Tuesday, January 17th. This represents a $1.10 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for OFC.

Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.99%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.67%. 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 45.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFC.

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.

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).

Corporate Office Properties Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFC."

Corporate Office Properties Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include New York State Common Retirement Fund (1.04%), Fort Washington Investment Advisors Inc. OH (0.91%), Deroy & Devereaux Private Investment Counsel Inc. (0.82%), Wedge Capital Management L L P NC (0.59%), Leeward Investments LLC MA (0.48%) and Comerica Bank (0.24%). 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.
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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.
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One share of OFC stock can currently be purchased for approximately $26.93.

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $3.03 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 $1.20 on an earnings per share basis.

The company employs 405 workers across the globe.

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.