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NYSE:OFCCorporate Office Properties Trust Stock Price, Forecast & News

$26.78
+0.18 (+0.68 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$26.61
Now: $26.78
$28.50
50-Day Range
$21.72
MA: $24.75
$27.01
52-Week Range
$15.23
Now: $26.78
$30.57
Volume973,810 shs
Average Volume802,187 shs
Market Capitalization$3.00 billion
P/E Ratio15.48
Dividend Yield4.14%
Beta1.04
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 March 31, 2019, the Company derived 89% of its core portfolio annualized revenue from Defense/IT Locations and 11% 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 163 office and data center shell properties encompassed 18.2 million square feet and was 93.7% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


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$641.23 million
Cash Flow$3.00 per share
Book Value$15.34 per share

Profitability

Net Income$191.69 million

Miscellaneous

Employees378
Market Cap$3.00 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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

How has Corporate Office Properties Trust's stock been impacted by COVID-19 (Coronavirus)?

Corporate Office Properties Trust's stock was trading at $24.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OFC shares have increased by 11.3% and is now trading at $26.78. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Corporate Office Properties Trust?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Corporate Office Properties Trust.

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

Corporate Office Properties Trust is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. 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, 30th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.02. The real estate investment trust earned $145.80 million during the quarter, compared to analysts' expectations of $151.88 million. Corporate Office Properties Trust had a return on equity of 11.62% and a net margin of 30.96%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 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 Friday, May 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.275 per share on Wednesday, July 15th. This represents a $1.10 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, June 29th. 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 updated its second quarter 2020 After-Hours earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of 0.48-0.50 for the period.

What price target have analysts set for OFC?

13 brokers have issued 12 month target prices for Corporate Office Properties Trust's shares. Their forecasts range from $23.00 to $34.00. On average, they expect Corporate Office Properties Trust's stock price to reach $28.31 in the next year. This suggests a possible upside of 5.7% from the stock's current price. View analysts' price targets for Corporate Office Properties Trust.

Has Corporate Office Properties Trust been receiving favorable news coverage?

Media stories about OFC stock have been trending very negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corporate Office Properties Trust earned a coverage optimism score of -3.1 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCorporate Office Properties Trust.

Are investors shorting Corporate Office Properties Trust?

Corporate Office Properties Trust saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,900,000 shares, an increase of 8.0% from the April 30th total of 1,760,000 shares. Based on an average trading volume of 990,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.7% of the shares of the company are sold short. View Corporate Office Properties Trust's Current Options Chain.

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

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), Physicians Realty Trust (DOC), Enterprise Products Partners (EPD), LTC Properties (LTC), AT&T (T), American Tower (AMT), AvalonBay Communities (AVB), Iron Mountain (IRM), Kimco Realty (KIM) and Realty Income (O).

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 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

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.14%), Wellington Management Group LLP (5.00%), State Street Corp (4.77%), Massachusetts Financial Services Co. MA (3.24%), Frontier Capital Management Co. LLC (2.87%) and Aew Capital Management L P (1.86%). Company insiders that own Corporate Office Properties Trust stock include David M Jacobstein, Greg J Thor, 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 Wellington Management Group LLP, Aew Capital Management L P, AJO LP, WINTON GROUP Ltd, Principal Financial Group Inc., Citigroup Inc., Squarepoint Ops LLC, and BlackRock Inc.. Company insiders that have sold Corporate Office Properties Trust company stock in the last year include Greg J Thor, and Robert L Denton. View insider buying and selling activity for Corporate Office Properties Trust.

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 Massachusetts Financial Services Co. MA, V3 Capital Management L.P., Ranger Global Real Estate Advisors LLC, State Street Corp, Fort Washington Investment Advisors Inc. OH, Channing Capital Management LLC, Guggenheim Capital LLC, and Cramer Rosenthal Mcglynn LLC. Company insiders that have bought Corporate Office Properties Trust stock in the last two years include Philip L Hawkins, Stephen E Budorick, and Steven D Kesler. View insider buying and selling activity 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, Robinhood, 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 $26.78.

How big of a company is Corporate Office Properties Trust?

Corporate Office Properties Trust has a market capitalization of $3.00 billion and generates $641.23 million in revenue each year. The real estate investment trust earns $191.69 million in net income (profit) each year or $2.03 on an earnings per share basis. Corporate Office Properties Trust employs 378 workers across the globe.

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 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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