About Corporate Office Properties Trust (NYSE:OFC)
Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company's segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other. As of December 31, 2016, the Company's properties included 164 operating office properties totaling 17.2 million square feet, including 13 triple-net leased, single-tenant data center properties; 11 office properties under construction or redevelopment; 1,028 acres of land controlled for future development, and a wholesale data center with a critical load of 19.25 megawatts. The Company conducts all of its operations through Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively, the Operating Partnership). COPLP owns real estate both directly and through subsidiary partnerships and limited liability companies (LLCs).
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio44.1235811154582
Forward P/E Ratio12.51
Sales & Book Value
Annual Sales$612.82 million
Price / Sales4.16
Cash Flow$2.08 per share
Price / Cash12.10
Book Value$14.57 per share
Price / Book1.73
Net Income$70.09 million
Return on Equity4.82%
Return on Assets1.91%
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 Friday, February 23rd. Investors of record on Friday, March 30th will be paid a dividend of $0.275 per share on Monday, April 16th. This represents a $1.10 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Wednesday, March 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) released its quarterly earnings results on Thursday, February, 8th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.43. The real estate investment trust earned $164.57 million during the quarter, compared to analysts' expectations of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. View Corporate Office Properties Trust's Earnings History.
When will Corporate Office Properties Trust make its next earnings announcement?
What guidance has Corporate Office Properties Trust issued on next quarter's earnings?
Corporate Office Properties Trust updated its FY18 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.02. Corporate Office Properties Trust also updated its Q1 guidance to $0.48-0.50 EPS.
Where is Corporate Office Properties Trust's stock going? Where will Corporate Office Properties Trust's stock price be in 2018?
10 brokerages have issued 12 month price targets for Corporate Office Properties Trust's stock. Their predictions range from $26.00 to $38.00. On average, they anticipate Corporate Office Properties Trust's stock price to reach $30.00 in the next year. View Analyst Ratings for Corporate Office Properties Trust.
Who are some of Corporate Office Properties Trust's key competitors?
Some companies that are related to Corporate Office Properties Trust include Hudson Pacific Properties (HPP), CubeSmart (CUBE), Brookfield Property Partners (BPY), American Campus Communities (ACC), CyrusOne (CONE), STORE Capital (STOR), Medical Properties Trust (MPW), Brixmor Property Group (BRX), Derwent London (DWVYF), Highwoods Properties (HIW), Shaftesbury (SHABF), EPR Properties (EPR), Hospitality Properties Trust (HPT), Texas Pacific Land Trust (TPL), Apple Hospitality REIT (APLE), Ryman Hospitality Properties (RHP), Life Storage (LSI) and HRPT Properties Trust (EQC).
Who are Corporate Office Properties Trust's key executives?
Corporate Office Properties Trust's management team includes the folowing people:
- Thomas F. Brady CPA, Independent Chairman of the Board of Trustees (Age 67)
- Stephen E. Budorick, President, Chief Executive Officer, Trustee (Age 56)
- Paul R. Adkins, Chief Operating Officer, Executive Vice President (Age 58)
- Anthony Mifsud, Chief Financial Officer, Executive Vice President (Age 52)
- Robert L. Denton, Independent Trustee (Age 64)
- Philip L. Hawkins, Independent Trustee (Age 61)
- Elizabeth Ann Hight, Independent Trustee (Age 63)
- David M. Jacobstein J.D., Independent Trustee (Age 70)
- Steven D. Kesler, Independent Trustee (Age 65)
Has Corporate Office Properties Trust been receiving favorable news coverage?
News stories about OFC stock have been trending positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.25 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 46.62 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 BlackRock Inc. (11.36%), Bank of New York Mellon Corp (4.66%), Channing Capital Management LLC (2.20%), Cramer Rosenthal Mcglynn LLC (2.02%), Renaissance Technologies LLC (1.92%) and AMP Capital Investors Ltd (1.82%). 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 institutional investors are selling Corporate Office Properties Trust stock?
OFC stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Daiwa Securities Group Inc., American Century Companies Inc., Martingale Asset Management L P, Citadel Advisors LLC, Metropolitan Life Insurance Co. NY, Sei Investments Co. and Teacher Retirement System of Texas. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include David M Jacobstein, Robert L Denton and Steven D Kesler. View Insider Buying and Selling for Corporate Office Properties Trust.
Which institutional investors are buying Corporate Office Properties Trust stock?
OFC stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Millennium Management LLC, AMP Capital Investors Ltd, BlackRock Inc., Deutsche Bank AG, V3 Capital Management L.P., Cramer Rosenthal Mcglynn LLC and Two Sigma Investments LP. 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 $25.15.
How big of a company is Corporate Office Properties Trust?
Corporate Office Properties Trust has a market capitalization of $2.59 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 $0.57 on an earnings per share basis. Corporate Office Properties Trust employs 375 workers across the globe.
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 (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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Corporate Office Properties Trust (NYSE:OFC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.10||2.10||2.10||1.89|
|Ratings Breakdown: ||1 Sell Rating(s)|
7 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$30.00||$30.00||$33.00||$33.83|
|Price Target Upside: ||19.28% upside||16.14% upside||10.74% upside||4.01% upside|
Corporate Office Properties Trust (NYSE:OFC) Consensus Price Target History
Corporate Office Properties Trust (NYSE:OFC) Analyst Ratings History
(Data available from 3/24/2016 forward)
Corporate Office Properties Trust (NYSE:OFC) Earnings History and Estimates Chart
Corporate Office Properties Trust (NYSE OFC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/8/2018||Q4 2017||$0.53||$0.10||$143.44 million||$164.57 million||View||Listen|
|10/26/2017||Q3 2017||$0.52||$0.53||$142.74 million||$157.00 million||View||N/A|
|7/27/2017||Q2 2017||$0.48||$0.49||$138.04 million||$151.44 million||View||N/A|
|4/27/2017||Q1 2017||$0.46||$0.47||$135.16 million||$139.80 million||View||N/A|
|2/9/2017||Q4 2016||$0.22||$0.51||$128.02 million||$141.99 million||View||Listen|
|10/27/2016||Q316||$0.51||$0.51||$125.03 million||$142.10 million||View||Listen|
|7/28/2016||Q2 2016||$0.50||($0.54)||$132.19 million||$145.93 million||View||N/A|
|4/29/2016||Q116||$0.47||$0.47||$113.83 million||$144.30 million||View||Listen|
|2/12/2016||Q415||$0.52||$0.52||$114.35 million||$143.30 million||View||Listen|
|10/29/2015||Q315||$0.52||$0.52||$107.30 million||$150.70 million||View||Listen|
|7/28/2015||Q215||$0.50||$0.52||$104.27 million||$170.40 million||View||Listen|
|4/28/2015||Q115||$0.46||$0.45||$97.30 million||$161.03 million||View||N/A|
|2/10/2015||Q414||$0.57||$0.49||$95.40 million||$146.97 million||View||N/A|
|10/24/2014||Q314||$0.18||$0.22||$117.85 million||$153.02 million||View||Listen|
|7/25/2014||Q214||$0.16||$0.02||$95.32 million||$139.82 million||View||Listen|
|4/25/2014||Q114||$0.13||$0.48||$95.68 million||$146.67 million||View||Listen|
|2/7/2014||Q413||$0.20||$0.48||$95.94 million||$118.49 million||View||Listen|
|10/25/2013||Q313||$0.28||$0.49||$96.48 million||$136.00 million||View||Listen|
|7/26/2013||Q213||$0.51||$0.52||$97.99 million||$140.52 million||View||Listen|
|4/26/2013||Q213||$0.20||$0.48||$104.57 million||$116.74 million||View||Listen|
|2/8/2013||Q412||$0.18||$0.16||$92.31 million||$137.51 million||View||N/A|
Corporate Office Properties Trust (NYSE:OFC) Earnings Estimates
2018 EPS Consensus Estimate: $2.05
2019 EPS Consensus Estimate: $2.17
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Corporate Office Properties Trust (NYSE:OFC) Dividend Information
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||192.99% (Trailing 12 Months of Earnings) |
54.73% (Based on This Year's Estimates)
52.38% (Based on Next Year's Estimates)
Corporate Office Properties Trust (NYSE:OFC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Corporate Office Properties Trust (NYSE OFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.60%
Corporate Office Properties Trust (NYSE OFC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/16/2018||Robert L Denton||Director||Sell||1,500||$26.25||$39,375.00||2,508|| |
|3/13/2018||Stephen E Budorick||CEO||Buy||1,600||$26.26||$42,016.00||103,242|| |
|3/8/2018||Stephen E Budorick||CEO||Buy||800||$25.91||$20,728.00||102,442|| |
|2/16/2018||Robert L Denton||Director||Sell||8,500||$25.98||$220,830.00||2,508|| |
|2/13/2018||Lisa G Trimberger||Director||Buy||3,000||$25.40||$76,200.00|| |
|12/21/2017||Paul R Adkins||Insider||Buy||10,000||$29.06||$290,600.00||29,465|| |
|11/30/2017||Lisa G Trimberger||Director||Buy||3,000||$30.39||$91,170.00||1,464|| |
|6/20/2017||Steven D. Kesler||Director||Sell||3,637||$35.40||$128,749.80|| |
|6/7/2017||Robert L Denton||Director||Sell||2,000||$34.51||$69,020.00||294,500|| |
|5/19/2017||David M Jacobstein||Director||Sell||3,118||$33.54||$104,577.72||8,633|| |
|5/18/2017||Robert L Denton||Director||Sell||3,118||$32.73||$102,052.14||2,508|| |
|3/1/2017||Greg J Thor||CAO||Sell||3,555||$34.02||$120,941.10||14,853|| |
|11/10/2016||Steven D. Kesler||Director||Sell||4,000||$27.72||$110,880.00|| |
|8/26/2016||David M Jacobstein||Director||Sell||1,924||$28.36||$54,564.64||9,243|| |
|8/4/2016||Robert L Denton||Director||Sell||2,000||$29.49||$58,980.00||306,500|| |
|6/9/2016||Greg J Thor||CAO||Sell||2,085||$27.56||$57,462.60||16,872|| |
|6/1/2016||David M Jacobstein||Director||Sell||1,500||$26.99||$40,485.00||11,167|| |
|5/9/2016||Robert L. Denton||Director||Sell||3,007||$26.80||$80,587.60|| |
|3/17/2016||Greg J Thor||CAO||Sell||2,183||$25.95||$56,648.85||18,957|| |
|2/17/2016||David M Jacobstein||Director||Sell||2,000||$22.23||$44,460.00||9,549|| |
|11/17/2015||Karen M Singer||SVP||Sell||7,500||$21.55||$161,625.00||50,302|| |
|6/10/2015||David M Jacobstein||Director||Sell||3,600||$24.87||$89,532.00|| |
|3/16/2015||Steven D Kesler||Director||Sell||5,000||$29.47||$147,350.00|| |
|2/27/2015||David M Jacobstein||Director||Buy||4,055||$29.60||$120,028.00|| |
|2/20/2015||Robert L Denton||Director||Sell||8,000||$29.90||$239,200.00|| |
|12/16/2014||Robert L Denton||Director||Sell||3,000||$27.80||$83,400.00|| |
|9/8/2014||Thomas F Brady||Director||Sell||5,000||$29.05||$145,250.00|| |
|8/19/2014||Robert L Denton||Director||Sell||2,500||$28.27||$70,675.00|| |
|8/13/2014||David M Jacobstein||Director||Sell||5,900||$28.18||$166,262.00|| |
|6/2/2014||Greg J Thor||CAO||Sell||1,593||$27.92||$44,476.56|| |
|5/9/2014||Robert Denton||Director||Sell||2,865||$26.70||$76,495.50|| |
|5/2/2014||Greg Thor||CAO||Sell||1,000||$26.79||$26,790.00||16,289|| |
|4/4/2014||Clay Hamlin III||Director||Sell||10,000||$27.00||$270,000.00||11,390|| |
|3/5/2014||Greg Thor||CAO||Sell||2,233||$27.08||$60,469.64||17,289|| |
|3/4/2014||Steven Kesler||Director||Sell||5,000||$26.67||$133,350.00||21,321|| |
|3/3/2014||Greg Thor||CAO||Sell||1,671||$26.77||$44,732.67||19,522|| |
|2/19/2014||Clay Hamlin III||Director||Sell||12,849||$27.00||$346,923.00||11,390|| |
|2/14/2014||Clay Hamlin III||Director||Sell||17,151||$27.00||$463,077.00||11,390|| |
|12/12/2013||Omega Healthcare Investors Inc||Director||Buy||10,000||$22.09||$220,900.00||11,798|| |
|11/26/2013||Roger Waesche, Jr.||President||Buy||10,000||$21.85||$218,500.00||271,643|| |
|9/18/2013||Clay Hamlin III||Director||Sell||5,000||$24.00||$120,000.00||11,390|| |
|9/4/2013||Clay Hamlin III||Director||Sell||5,000||$22.81||$114,050.00||10,390|| |
|8/2/2013||Clay Hamlin III||Director||Sell||10,000||$25.56||$255,600.00||10,390|| |
|7/8/2013||Clay W Hamlin III||Director||Sell||10,000||$26.29||$262,900.00|| |
|6/3/2013||Clay W Hamlin III||Director||Sell||10,000||$26.56||$265,600.00|| |
|5/14/2013||Robert L Denton||Director||Sell||3,525||$29.27||$103,176.75|| |
|5/1/2013||Clay W Hamlin III||Director||Sell||10,000||$28.86||$288,600.00|| |
Corporate Office Properties Trust (NYSE OFC) News Headlines
Corporate Office Properties Trust (NYSE:OFC) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Corporate Office Properties Trust (NYSE:OFC) Income Statement, Balance Sheet and Cash Flow Statement
Corporate Office Properties Trust (NYSE OFC) Stock Chart for Saturday, March, 24, 2018