Corporate Office Properties Trust (NYSE:OFC) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Corporate Office Properties Trust (NYSE:OFCGet Rating) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Shares of Corporate Office Properties Trust stock opened at $25.67 on Thursday. The firm has a market capitalization of $2.89 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.19 and a beta of 0.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.79 and a quick ratio of 1.79. The company’s fifty day moving average price is $26.99 and its two-hundred day moving average price is $27.06. Corporate Office Properties Trust has a 52-week low of $23.89 and a 52-week high of $30.51.

Corporate Office Properties Trust (NYSE:OFCGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). The business had revenue of $195.48 million during the quarter, compared to the consensus estimate of $168.33 million. Corporate Office Properties Trust had a net margin of 19.78% and a return on equity of 6.67%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Analysts predict that Corporate Office Properties Trust will post 2.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, June 29th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 87.30%.

In other news, Director Robert L. Denton sold 3,416 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $26.74, for a total value of $91,343.84. Following the sale, the director now owns 3,941 shares of the company’s stock, valued at approximately $105,382.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Greg J. Thor sold 2,333 shares of the company’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $28.79, for a total transaction of $67,167.07. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new position in Corporate Office Properties Trust during the 3rd quarter worth about $25,000. Riverview Trust Co acquired a new position in Corporate Office Properties Trust during the 1st quarter worth about $28,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Corporate Office Properties Trust by 212.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,356 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,602 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Corporate Office Properties Trust during the 4th quarter worth about $106,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Corporate Office Properties Trust during the 4th quarter worth about $127,000.

About Corporate Office Properties Trust (Get Rating)

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 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).

See Also

Want More Great Investing Ideas?

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.