Great West Life Assurance Co. Can bought a new stake in shares of Corporate Office Properties Trust (NYSE:OFC – Get Rating) in the third quarter, Holdings Channel reports. The fund bought 179,307 shares of the real estate investment trust’s stock, valued at approximately $4,168,000.
A number of other hedge funds have also added to or reduced their stakes in OFC. Millennium Management LLC grew its holdings in Corporate Office Properties Trust by 155.3% during the 2nd quarter. Millennium Management LLC now owns 1,901,739 shares of the real estate investment trust’s stock valued at $49,807,000 after buying an additional 1,156,923 shares in the last quarter. State Street Corp grew its holdings in 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 buying an additional 769,941 shares in the last quarter. Jane Street Group LLC grew its holdings in 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 buying an additional 643,311 shares in the last quarter. Aew Capital Management L P purchased a new position in Corporate Office Properties Trust during the 3rd quarter valued at about $11,846,000. Finally, Sei Investments Co. grew its holdings in Corporate Office Properties Trust by 75.4% during the 2nd quarter. Sei Investments Co. now owns 1,103,018 shares of the real estate investment trust’s stock valued at $28,889,000 after buying an additional 474,261 shares in the last quarter.
Analyst Ratings Changes
A number of research analysts have weighed in on OFC shares. JPMorgan Chase & Co. reduced their target price on Corporate Office Properties Trust to $29.00 in a report on Thursday, December 1st. StockNews.com upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 6th. Finally, Wells Fargo & Company lifted their price target on Corporate Office Properties Trust from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.50.
Corporate Office Properties Trust Stock Performance
Corporate Office Properties Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were given a $0.275 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.10 dividend on an annualized basis and a yield of 3.90%. Corporate Office Properties Trust’s payout ratio is 91.67%.
About Corporate Office Properties 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 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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