The Q2 2017 EPS Estimates for Corporate Office Properties Trust (OFC) Cut by Capital One Financial Corp.

The Q2 2017 EPS Estimates for Corporate Office Properties Trust (OFC) Cut by Capital One Financial Corp.

Corporate Office Properties Trust (NYSE:OFC) – Equities researchers at Capital One Financial Corp. decreased their Q2 2017 earnings per share (EPS) estimates for shares of Corporate Office Properties Trust in a note issued to investors on Thursday. Capital One Financial Corp. analyst C. Lucas now anticipates that the real estate investment trust will earn $0.49 per share for the quarter, down from their previous estimate of $0.53. Capital One Financial Corp. also issued estimates for Corporate Office Properties Trust’s Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.56 EPS.

A number of other brokerages have also weighed in on OFC. Zacks Investment Research upgraded Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Evercore ISI restated an “underperform” rating and issued a $32.00 price objective on shares of Corporate Office Properties Trust in a report on Tuesday, March 28th. Jefferies Group LLC restated a “neutral” rating and issued a $36.00 price objective (up previously from $32.00) on shares of Corporate Office Properties Trust in a report on Tuesday, May 30th. Robert W. Baird lowered Corporate Office Properties Trust from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $32.00 to $33.00 in a report on Wednesday, February 15th. Finally, ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $32.88.

Shares of Corporate Office Properties Trust (NYSE OFC) opened at 34.78 on Monday. The company has a market cap of $3.42 billion, a PE ratio of 287.44 and a beta of 0.82. Corporate Office Properties Trust has a 12 month low of $24.92 and a 12 month high of $34.84. The company has a 50-day moving average of $33.40 and a 200 day moving average of $32.17. Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Corporate Office Properties Trust had a net margin of 1.99% and a return on equity of 0.85%. The company had revenue of $139.80 million for the quarter, compared to analysts’ expectations of $135.16 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. Corporate Office Properties Trust’s quarterly revenue was down 3.1% on a year-over-year basis.

Hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Corporate Office Properties Trust by 0.4% in the first quarter. Utah Retirement Systems now owns 24,547 shares of the real estate investment trust’s stock worth $812,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Corporate Office Properties Trust by 3.2% in the first quarter. Capstone Asset Management Co. now owns 8,365 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 260 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Corporate Office Properties Trust by 2.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,414 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 385 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Corporate Office Properties Trust by 2.4% in the first quarter. Profund Advisors LLC now owns 17,452 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 406 shares during the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock. In other news, Director David M. Jacobstein sold 3,118 shares of Corporate Office Properties Trust stock in a transaction on Friday, May 19th. The stock was sold at an average price of $33.54, for a total transaction of $104,577.72. Following the transaction, the director now owns 8,633 shares in the company, valued at approximately $289,550.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 3.16%. Corporate Office Properties Trust’s dividend payout ratio is presently -2,749.31%. About Corporate Office Properties Trust

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OFC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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