Corporate Office Property Trust (NYSE: OFC – GET RATING) – Investment analysts at Jefferies Financial Group have raised their estimates for fiscal 2022 EPS for Corporate Office Properties Trust in a note issued to investors on Tuesday, August became. Jefferies Financial Group analyst P. Abramowitz now expects Real Estate Investment Trust to earn $2.34 per share for the year, higher than its previous guidance of $2.33. Jefferies Financial Group currently has a “hold” rating on the stock with a price target of $24.00. The consensus estimate for Corporate Office Properties Trust’s full year earnings to date is $2.34 per share. Jefferies Financial Group also reported earnings of Corporate Office Properties Trust for Q2 2023 at $0.61 per share, FY 2023 at $2.40 per share, Q1 2024 at $0.60 per share, Q2 2024 at 0.63 USD per share and FY 2024 at $2.49 per share.
Other Equity Research analysts have also issued reports on the company. Truist Financial lowered its price target on Corporate Office Property Trust to $30.00 from $33.00 and gave the company a “buy” rating in a research report on Thursday, June 30. Wells Fargo & Company cut its price target on Corporate Office Property Trust to $30.00 from $33.00 and placed the company on overweight in a report on Friday, July 1. Finally, StockNews.com downgraded the Corporate Office Property Trust from a buy rating to a sell rating in a report on Friday, August 5. Two research analysts gave a sell rating to the stock and one did have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $27.80.
Corporate office property trust portfolio up 1.3%
On Friday, OFC shares opened at $27.83. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average is $26.68 and the two-hundred-day moving average is $26.85. The Corporate Office Properties Trust 12-month low is $23.89 and the 12-month high is $29.64. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.23, and a beta of 0.92.
Corporate Office Properties Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. A dividend of $0.275 per share will be paid to shareholders of record on Friday, September 30th. The ex-dividend date of this dividend is Thursday September 29. This equates to an annual dividend of $1.10 and a yield of 3.95%. The Corporate Office Properties Trust’s Dividend Payout Ratio (DPR) is 94.02%.
Insider Buying and Selling in Corporate Office Property Trust
In related news, on Wednesday, May 18, Director Robert L. Denton sold 3,416 shares of Trading Stock in one transaction. The shares sold at an average price of $26.74 for a total value of $91,343.84. Following the sale, the Director now directly owns 3,941 shares of the Company, valued at approximately $105,382.34. The sale was disclosed in a legal filing with the SEC, which can be accessed at this link. Company insiders own 0.85% of the company’s shares.
Institutional investors weight corporate office property trusts
Several institutional investors have recently changed their holdings in OFC. Allspring Global Investments Holdings LLC acquired a new position valued at approximately $2,910,000 in shares of Corporate Office Properties Trust during the fourth quarter. Joseph Capital Management LLC purchased a new position in Corporate Office Property Trust stock valued at $1,657,000 during the fourth quarter. Fifth Third Bancorp increased its position in Corporate Office Property Trust shares by 22.5% in the fourth quarter. Fifth Third Bancorp now owns 15,340 shares of Real Estate Investment Trusts valued at $429,000 after purchasing an additional 2,821 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Corporate Office Property Trust stock valued at $649,000 in the fourth quarter. Finally, in the fourth quarter, KBC Group NV acquired a new site in Corporate Office Property Trust for a value of $434,000.
About Corporate Office Property Trust
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations supporting the United States government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities that it believes are growing and are sustainable. , priority missions (defense/IT locations).
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