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NYSE:OFC

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

$26.67
+0.68 (+2.62%)
(As of 05/17/2022 12:00 AM ET)
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Today's Range
$25.86
$26.85
50-Day Range
$24.82
$29.52
52-Week Range
$23.89
$30.51
Volume
704,463 shs
Average Volume
761,267 shs
Market Capitalization
$3.00 billion
P/E Ratio
21.17
Dividend Yield
4.23%
Beta
0.95
30 days | 90 days | 365 days | Advanced Chart
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Corporate Office Properties Trust logo

About Corporate Office Properties Trust

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.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$664.45 million
Cash Flow
$2.13 per share
Book Value
$14.75 per share

Profitability

Net Income
$76.54 million
Pretax Margin
15.83%

Debt

Price-To-Earnings

Miscellaneous

Free Float
111,459,000
Market Cap
$3.00 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/15 Dividend
3/30/2022
Dividend Payable
4/15/2022
Last Earnings
4/28/2022
Today
5/17/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.90 out of 5 stars

Finance Sector

781st out of 1,377 stocks

Real Estate Investment Trusts Industry

172nd out of 235 stocks

Analyst Opinion: 1.1Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -













Corporate Office Properties Trust (NYSE:OFC) Frequently Asked Questions

Is Corporate Office Properties Trust a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Corporate Office Properties Trust stock. 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 analyst ratings for Corporate Office Properties Trust
or view top-rated stocks.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,760,000 shares, a decrease of 16.6% from the March 31st total of 3,310,000 shares. Based on an average trading volume of 789,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.5% of the company's shares are sold short.
View Corporate Office Properties Trust's Short Interest
.

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

Corporate Office Properties Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Corporate Office Properties Trust
.

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

Corporate Office Properties Trust (NYSE:OFC) released its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.04. The real estate investment trust earned $195.48 million during the quarter, compared to analysts' expectations of $168.33 million. Corporate Office Properties Trust had a net margin of 19.78% and a trailing twelve-month return on equity of 6.67%. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS.
View Corporate Office Properties Trust's earnings history
.

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 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, June 29th.
View Corporate Office Properties Trust's dividend history
.

Is Corporate Office Properties Trust a good dividend stock?

Corporate Office Properties Trust pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.23%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Corporate Office Properties Trust is 87.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 44.72% next year. This indicates that Corporate Office Properties Trust will be able to sustain or increase its dividend.
View Corporate Office Properties Trust's dividend history.

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

Corporate Office Properties Trust issued an update on its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $0.57-$0.59 for the period. The company issued revenue guidance of -.

What price target have analysts set for OFC?

4 analysts have issued 1 year target prices for Corporate Office Properties Trust's stock. Their forecasts range from $24.00 to $31.00. On average, they expect Corporate Office Properties Trust's share price to reach $28.33 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts' price targets for Corporate Office Properties Trust
or view top-rated stocks among Wall Street analysts.

Who are Corporate Office Properties Trust's key executives?
Corporate Office Properties Trust's management team includes the following people:
  • Mr. Stephen E. Budorick, Pres, CEO & Trustee (Age 62, Pay $2.22M)
  • Mr. Anthony Mifsud, Exec. VP & CFO (Age 58, Pay $1.23M)
  • Mr. Todd W. Hartman, Exec. VP & COO (Age 55, Pay $1.28M)
  • Mr. Gregory J. Thor, Chief Accounting Officer, Sr. VP & Controller (Age 58)
  • Ms. Stephanie M. Krewson-Kelly, VP of Investor Relations
  • 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
What is Stephen E. Budorick's approval rating as Corporate Office Properties Trust's CEO?

8 employees have rated Corporate Office Properties Trust CEO Stephen E. Budorick on Glassdoor.com. Stephen E. Budorick has an approval rating of 49% among Corporate Office Properties Trust'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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.10%), Vanguard Group Inc. (14.87%), State Street Corp (6.01%), Earnest Partners LLC (4.66%), Victory Capital Management Inc. (3.97%) and Northern Trust Corp (1.99%). Company insiders that own Corporate Office Properties Trust stock include C Taylor Pickett, David M Jacobstein, Greg J Thor, Lisa G Trimberger, 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 BlackRock Inc., Earnest Partners LLC, Royal Bank of Canada, Goldman Sachs Group Inc., JPMorgan Chase & Co., Russell Investments Group Ltd., Eagle Asset Management Inc., and Cbre Investment Management Listed Real Assets LLC. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein, Greg J Thor, Robert L Denton, and Steven D Kesler.
View insider buying and selling activity for Corporate Office Properties Trust
or view top insider-selling stocks.

Which institutional investors are buying Corporate Office Properties Trust stock?

OFC stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Jane Street Group LLC, Sumitomo Mitsui Trust Holdings Inc., Leeward Investments LLC MA, Vanguard Group Inc., New York State Common Retirement Fund, Victory Capital Management Inc., and SG Americas Securities LLC. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include C Taylor Pickett, Stephen E Budorick, and Steven D Kesler.
View insider buying and selling activity for Corporate Office Properties Trust
or or view top insider-buying stocks.

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 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 $26.67.

How much money does Corporate Office Properties Trust make?

Corporate Office Properties Trust has a market capitalization of $3.00 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 $1.259990 on an earnings per share basis.

How many employees does Corporate Office Properties Trust have?

Corporate Office Properties Trust employs 405 workers across the globe.

When was Corporate Office Properties Trust founded?

Corporate Office Properties Trust was founded in 1988.

What is Corporate Office Properties Trust's official website?

The official website for Corporate Office Properties Trust is 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, via email at [email protected], or via fax at 443-285-7650.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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