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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corporate Office Properties Trust in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 12 month target prices for Corporate Office Properties Trust's stock. Their OFC share price forecasts range from $24.00 to $29.00. On average, they expect the company's share price to reach $26.25 in the next year. This suggests a possible upside of 12.5% 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 on January 1st, 2023. Since then, OFC stock has decreased by 10.0% and is now trading at $23.34.
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Corporate Office Properties Trust saw a decline in short interest in May. As of May 15th, there was short interest totaling 2,760,000 shares, a decline of 15.6% from the April 30th total of 3,270,000 shares. Based on an average daily trading volume, of 795,800 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.5% of the company's stock are sold short.
View Corporate Office Properties Trust's Short Interest.

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

Corporate Office Properties Trust (NYSE:OFC) announced its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.04. The real estate investment trust had revenue of $195.48 million for the quarter, compared to the consensus estimate of $168.33 million. Corporate Office Properties Trust had a net margin of 27.07% and a trailing twelve-month return on equity of 11.18%. The company's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS.

Corporate Office Properties Trust announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.285 per share on Monday, July 17th. This represents a $1.14 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for OFC.

ETFs with the largest weight of Corporate Office Properties Trust (NYSE:OFC) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), Invesco S&P MidCap Low Volatility ETF (XMLV), U.S. Diversified Real Estate ETF (PPTY), WisdomTree New Economy Real Estate Fund (WTRE), 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 $1.14 per share and currently has a dividend yield of 5.00%. 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 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFC will have a dividend payout ratio of 45.97% 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 updated its FY23 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $2.35-$2.41 for the period, compared to the consensus EPS estimate of $2.39.

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.12%), State Street Corp (6.07%), Barrow Hanley Mewhinney & Strauss LLC (5.26%), FMR LLC (4.86%), Victory Capital Management Inc. (3.64%) and Channing Capital Management LLC (2.81%). 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.
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One share of OFC stock can currently be purchased for approximately $23.34.

Corporate Office Properties Trust (NYSE:OFC) has a market capitalization of $2.63 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 $1.71 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.