Corporate Office Properties Trust Expected to Post Q4 2017 Earnings of $0.54 Per Share (OFC)

Corporate Office Properties Trust (NYSE:OFC) – Investment analysts at Capital One Financial Corporation increased their Q4 2017 EPS estimates for shares of Corporate Office Properties Trust in a research report issued to clients and investors on Monday. Capital One Financial Corporation analyst C. Lucas now anticipates that the firm will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.52. Capital One Financial Corporation also issued estimates for Corporate Office Properties Trust’s FY2018 earnings at $2.20 EPS.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.29. The firm earned $141.99 million during the quarter, compared to analysts’ expectations of $128.02 million. Corporate Office Properties Trust had a return on equity of 0.85% and a net margin of 1.99%. Corporate Office Properties Trust’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share.

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Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

Several other research analysts have also commented on OFC. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price (up previously from $28.50) on shares of Corporate Office Properties Trust in a research report on Friday, December 23rd. Mizuho reiterated a “buy” rating on shares of Corporate Office Properties Trust in a research report on Friday, December 23rd. Raymond James Financial, Inc. lowered Corporate Office Properties Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. SunTrust Banks, Inc. lowered Corporate Office Properties Trust from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Thursday, January 19th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a research report on Tuesday, January 31st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.22.

Corporate Office Properties Trust (NYSE:OFC) traded down 0.24% during mid-day trading on Wednesday, reaching $33.07. The company’s stock had a trading volume of 177,507 shares. Corporate Office Properties Trust has a 1-year low of $22.22 and a 1-year high of $33.33. The firm has a 50 day moving average price of $31.78 and a 200-day moving average price of $29.27. The company’s market capitalization is $3.14 billion.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd bought a new position in Corporate Office Properties Trust during the fourth quarter worth about $106,000. LS Investment Advisors LLC raised its position in Corporate Office Properties Trust by 5.7% in the third quarter. LS Investment Advisors LLC now owns 6,009 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 324 shares in the last quarter. Riverhead Capital Management LLC raised its position in Corporate Office Properties Trust by 256.5% in the third quarter. Riverhead Capital Management LLC now owns 6,000 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 4,317 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Corporate Office Properties Trust by 18.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,095 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 1,097 shares in the last quarter. Finally, GWM Advisors LLC raised its position in Corporate Office Properties Trust by 5.0% in the third quarter. GWM Advisors LLC now owns 7,858 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 376 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.

“Corporate Office Properties Trust Expected to Post Q4 2017 Earnings of $0.54 Per Share (OFC)” was first published by Web Breaking News and is the sole property of of Web Breaking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be viewed at http://www.webbreakingnews.com/2017/02/17/corporate-office-properties-trust-expected-to-post-q4-2017-earnings-of-0-54-per-share-ofc.html.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.10 dividend on an annualized basis and a yield of 3.32%. Corporate Office Properties Trust’s dividend payout ratio is currently -2,749.31%.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

5 Day Chart for NYSE:OFC

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