NYSE:OFC - Corporate Office Properties Trust Stock Price, News, & Analysis

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$23.46 +0.12 (+0.51 %)
(As of 01/18/2019 11:36 AM ET)
Previous Close$23.34
Today's Range$23.24 - $23.54
52-Week Range$20.03 - $31.01
Volume11,935 shs
Average Volume855,283 shs
Market Capitalization$2.53 billion
P/E Ratio11.51
Dividend Yield4.73%
Beta0.86
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 September 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 159 office and data center shell properties encompassed 17.7 million square feet and was 94.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP22002T10
Phone443-285-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$612.82 million
Cash Flow$2.1347 per share
Book Value$14.57 per share

Profitability

Net Income$70.09 million

Miscellaneous

Employees375
Market Cap$2.53 billion
OptionableOptionable

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 declared a quarterly dividend on Friday, November 30th. Investors of record on Monday, December 31st will be given a dividend of $0.275 per share on Tuesday, January 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, December 28th. View Corporate Office Properties Trust's Dividend History.

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

Corporate Office Properties Trust (NYSE:OFC) announced its earnings results on Thursday, October, 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.18. The real estate investment trust earned $137.41 million during the quarter, compared to analysts' expectations of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. View Corporate Office Properties Trust's Earnings History.

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

Corporate Office Properties Trust is scheduled to release their next quarterly earnings announcement on Thursday, February 7th 2019. View Earnings Estimates 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 Friday, February 8th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8554639057.

What price target have analysts set for OFC?

8 Wall Street analysts have issued twelve-month price objectives for Corporate Office Properties Trust's stock. Their forecasts range from $22.00 to $31.00. On average, they anticipate Corporate Office Properties Trust's stock price to reach $27.2857 in the next year. This suggests a possible upside of 16.6% 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 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Corporate Office Properties Trust.

Has Corporate Office Properties Trust been receiving favorable news coverage?

Press coverage about OFC stock has trended somewhat positive on Friday, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days.

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

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 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

Who are Corporate Office Properties Trust's major shareholders?

Corporate Office Properties Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.33%), Retirement Systems of Alabama (0.13%), Pensionfund DSM Netherlands (0.09%), State of Alaska Department of Revenue (0.04%), Pensionfund Sabic (0.04%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, Lisa G Trimberger, Paul R Adkins, Philip L Hawkins, Robert L Denton, Stephen E Budorick and Steven D Kesler. View Institutional Ownership Trends for Corporate Office Properties Trust.

Which institutional investors are selling Corporate Office Properties Trust stock?

OFC stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. 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 institutional investors are buying Corporate Office Properties Trust stock?

OFC stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Pensionfund DSM Netherlands, Pensionfund Sabic, First Citizens Bank & Trust Co., Retirement Systems of Alabama, Nisa Investment Advisors LLC, State of Alaska Department of Revenue and Louisiana State Employees Retirement System. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Lisa G Trimberger, Paul R Adkins, Philip L Hawkins, Stephen E Budorick and Steven D Kesler. 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 $23.40.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $2.53 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?

The official website for Corporate Office Properties Trust is http://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]


MarketBeat Community Rating for Corporate Office Properties Trust (NYSE OFC)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  461 (Vote Underperform)
Total Votes:  702
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.
This page was last updated on 1/18/2019 by MarketBeat.com Staff

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