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

3 Wall Street research 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 research 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 equities research analysts have issued 1 year price objectives for Corporate Office Properties Trust's shares. Their OFC share price forecasts range from $24.00 to $29.00. On average, they predict the company's share price to reach $26.75 in the next twelve months. This suggests a possible upside of 14.7% 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 2023. Since then, OFC stock has decreased by 10.1% and is now trading at $23.32.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our OFC earnings forecast.

Corporate Office Properties Trust (NYSE:OFC) announced its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.52 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 analyst estimates of $168.33 million. Corporate Office Properties Trust had a net margin of 23.41% and a trailing twelve-month return on equity of 8.43%. The firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS.

Corporate Office Properties Trust announced a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, March 31st will be given a dividend of $0.285 per share on Monday, April 17th. This represents a $1.14 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for OFC.

ETFs with the largest weight of Corporate Office Properties Trust (NYSE:OFC) stock in their portfolio include Invesco S&P MidCap Low Volatility ETF (XMLV), Cambria Global Real Estate ETF (BLDG), WisdomTree New Economy Real Estate Fund (WTRE), U.S. Diversified Real Estate ETF (PPTY), Invesco Active U.S. Real Estate ETF (PSR), First Trust Active Factor Mid Cap ETF (AFMC), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM).

Corporate Office Properties Trust (NYSE:OFC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.81%. OFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 71.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFC will have a dividend payout ratio of 44.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFC.

Corporate Office Properties Trust issued an update on its first quarter 2023 earnings guidance on Thursday, February, 9th. The company provided EPS guidance of $0.56-$0.58 for the period. The company issued revenue guidance of -.

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 many different retail and institutional investors. Top institutional shareholders include Barrow Hanley Mewhinney & Strauss LLC (5.94%), Earnest Partners LLC (4.72%), Resolution Capital Ltd (4.22%), Victory Capital Management Inc. (4.08%), Victory Capital Management Inc. (4.08%) and Geode Capital Management LLC (2.07%). 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.

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.

One share of OFC stock can currently be purchased for approximately $23.32.

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.62 billion and generates $739.03 million in revenue each year. The real estate investment trust earns $173.03 million in net income (profit) each year or $1.53 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.