NN Investment Partners Holdings N.V. Invests $234,000 in Corporate Office Properties Trust (OFC) Stock

NN Investment Partners Holdings N.V. acquired a new stake in shares of Corporate Office Properties Trust (NYSE:OFC) during the 3rd quarter, HoldingsChannel reports. The fund acquired 7,840 shares of the real estate investment trust’s stock, valued at approximately $234,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new position in Corporate Office Properties Trust during the 2nd quarter valued at about $123,000. Garner Asset Management Corp bought a new position in Corporate Office Properties Trust during the 2nd quarter valued at about $204,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Corporate Office Properties Trust during the 2nd quarter valued at about $251,000. Brown Advisory Inc. bought a new position in Corporate Office Properties Trust during the 1st quarter valued at about $252,000. Finally, WINTON GROUP Ltd bought a new position in Corporate Office Properties Trust during the 1st quarter valued at about $254,000.

In other news, Director Robert L. Denton sold 3,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $29.97, for a total value of $89,910.00. Following the transaction, the director now owns 3,458 shares in the company, valued at approximately $103,636.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

OFC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Jefferies Financial Group restated a “$28.83” rating on shares of Corporate Office Properties Trust in a research note on Wednesday, July 18th. Stifel Nicolaus restated a “sell” rating and set a $25.00 target price on shares of Corporate Office Properties Trust in a research note on Friday, July 27th. Mizuho restated a “hold” rating and set a $31.00 target price on shares of Corporate Office Properties Trust in a research note on Monday, August 6th. Finally, Bank of America upgraded shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.00.

Shares of NYSE:OFC opened at $26.58 on Thursday. Corporate Office Properties Trust has a twelve month low of $24.55 and a twelve month high of $32.70. The company has a current ratio of 1.92, a quick ratio of 1.98 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.72 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.92 and a beta of 0.75.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. The firm had revenue of $137.41 million for the quarter, compared to analysts’ expectations of $129.45 million. As a group, analysts expect that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

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Corporate Office Properties Trust Company Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties 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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