Corporate Office Properties Trust (NYSE:OFC) CEO Stephen E. Budorick bought 526 shares of Corporate Office Properties Trust stock in a transaction dated Thursday, June 28th. The stock was acquired at an average cost of $28.34 per share, for a total transaction of $14,906.84. Following the purchase, the chief executive officer now directly owns 105,368 shares in the company, valued at approximately $2,986,129.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of OFC stock opened at $29.06 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 6.95 and a beta of 0.67. Corporate Office Properties Trust has a 52 week low of $24.55 and a 52 week high of $35.65.
Get Corporate Office Properties Trust alerts:Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, April 26th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.32). The company had revenue of $155.48 million for the quarter, compared to analyst estimates of $155.72 million. Corporate Office Properties Trust had a return on equity of 4.49% and a net margin of 10.48%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. analysts forecast that Corporate Office Properties Trust will post 2.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.10 annualized dividend and a yield of 3.79%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 54.19%.
A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Wells Fargo & Co assumed coverage on shares of Corporate Office Properties Trust in a research report on Friday, April 20th. They issued a “market perform” rating and a $29.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.50.
A number of hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. raised its holdings in Corporate Office Properties Trust by 31.9% during the 1st quarter. First Mercantile Trust Co. now owns 7,616 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 1,840 shares during the period. Federated Investors Inc. PA raised its holdings in Corporate Office Properties Trust by 4.6% during the 1st quarter. Federated Investors Inc. PA now owns 43,716 shares of the real estate investment trust’s stock worth $1,129,000 after buying an additional 1,939 shares during the period. Eaton Vance Management raised its holdings in Corporate Office Properties Trust by 17.9% during the 1st quarter. Eaton Vance Management now owns 12,849 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 1,947 shares during the period. Daiwa Securities Group Inc. raised its holdings in Corporate Office Properties Trust by 20.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,800 shares of the real estate investment trust’s stock worth $331,000 after buying an additional 2,200 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Corporate Office Properties Trust by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 254,999 shares of the real estate investment trust’s stock worth $7,446,000 after buying an additional 2,805 shares during the period.
About Corporate Office Properties Trust
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?).
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