Pictet Asset Management SA Increases Holdings in Corporate Office Properties Trust (NYSE:OFC)

Pictet Asset Management SA grew its holdings in shares of Corporate Office Properties Trust (NYSE:OFCGet Rating) by 5.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 44,223 shares of the real estate investment trust’s stock after acquiring an additional 2,362 shares during the quarter. Pictet Asset Management SA’s holdings in Corporate Office Properties Trust were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OFC. State Street Corp increased its position in shares of Corporate Office Properties Trust by 12.9% during the 1st quarter. State Street Corp now owns 6,752,312 shares of the real estate investment trust’s stock valued at $194,536,000 after purchasing an additional 769,941 shares during the last quarter. Jane Street Group LLC increased its position in shares of Corporate Office Properties Trust by 101.9% during the 1st quarter. Jane Street Group LLC now owns 12,292 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 643,311 shares during the last quarter. Leeward Investments LLC MA bought a new position in shares of Corporate Office Properties Trust during the 1st quarter worth $9,800,000. Victory Capital Management Inc. grew its stake in shares of Corporate Office Properties Trust by 6.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,728,268 shares of the real estate investment trust’s stock worth $123,833,000 after acquiring an additional 268,844 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Corporate Office Properties Trust by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 16,712,712 shares of the real estate investment trust’s stock worth $476,980,000 after acquiring an additional 160,659 shares during the period.

Corporate Office Properties Trust Stock Up 1.6 %

Shares of NYSE OFC opened at $27.48 on Wednesday. Corporate Office Properties Trust has a 52 week low of $22.22 and a 52 week high of $29.64. The business has a 50-day simple moving average of $25.11 and a two-hundred day simple moving average of $26.08. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.33. The company has a market cap of $3.09 billion, a P/E ratio of 22.90 and a beta of 0.97.

Corporate Office Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be paid a $0.275 dividend. The ex-dividend date is Thursday, December 29th. This represents a $1.10 annualized dividend and a yield of 4.00%. Corporate Office Properties Trust’s dividend payout ratio is currently 91.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OFC shares. Truist Financial downgraded Corporate Office Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $30.00 to $28.00 in a research note on Wednesday, September 14th. They noted that the move was a valuation call. StockNews.com upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Finally, Wells Fargo & Company increased their price target on Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $26.25.

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).

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

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