Envestnet Asset Management Inc. Has $3.72 Million Holdings in Corporate Office Properties Trust (NYSE:OFC)

Envestnet Asset Management Inc. lifted its holdings in Corporate Office Properties Trust (NYSE:OFCGet Rating) by 2.9% in the 2nd quarter, Holdings Channel reports. The firm owned 141,948 shares of the real estate investment trust’s stock after buying an additional 3,937 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Corporate Office Properties Trust were worth $3,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $31,000. Venture Visionary Partners LLC acquired a new stake in shares of Corporate Office Properties Trust in the 2nd quarter valued at $52,000. Hightower 6M Holding LLC acquired a new stake in shares of Corporate Office Properties Trust in the 1st quarter valued at $237,000. Campbell & CO Investment Adviser LLC raised its holdings in Corporate Office Properties Trust by 5.5% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 8,556 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 446 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in Corporate Office Properties Trust by 7.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 10,070 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 700 shares during the period.

Corporate Office Properties Trust Stock Performance

NYSE:OFC opened at $27.74 on Monday. The firm’s 50-day moving average is $25.00 and its 200-day moving average is $26.08. Corporate Office Properties Trust has a 52-week low of $22.22 and a 52-week high of $29.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 23.12 and a beta of 0.97.

Corporate Office Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.10 annualized dividend and a dividend yield of 3.97%. Corporate Office Properties Trust’s payout ratio is 91.67%.

Wall Street Analysts Forecast Growth

OFC has been the topic of several recent analyst reports. Truist Financial downgraded shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $30.00 to $28.00 in a report on Wednesday, September 14th. They noted that the move was a valuation call. Wells Fargo & Company dropped their target price on shares of Corporate Office Properties Trust from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, October 18th. Finally, StockNews.com upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Corporate Office Properties Trust has an average rating of “Hold” and an average target price of $25.50.

Corporate Office Properties Trust Company Profile

(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).

Further Reading

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Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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