Corporate Office Properties Trust (OFC) Holdings Trimmed by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lessened its holdings in Corporate Office Properties Trust (NYSE:OFC) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 465,400 shares of the real estate investment trust’s stock after selling 55,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Corporate Office Properties Trust were worth $13,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Corporate Office Properties Trust by 211.6% in the second quarter. SG Americas Securities LLC now owns 98,299 shares of the real estate investment trust’s stock worth $2,850,000 after acquiring an additional 66,753 shares in the last quarter. Northern Trust Corp boosted its holdings in Corporate Office Properties Trust by 7.4% in the second quarter. Northern Trust Corp now owns 1,816,875 shares of the real estate investment trust’s stock worth $52,671,000 after acquiring an additional 124,452 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Corporate Office Properties Trust by 5.3% in the second quarter. Russell Investments Group Ltd. now owns 429,432 shares of the real estate investment trust’s stock worth $12,427,000 after acquiring an additional 21,636 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Corporate Office Properties Trust by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,255,678 shares of the real estate investment trust’s stock worth $36,403,000 after acquiring an additional 78,280 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Corporate Office Properties Trust by 1.6% during the second quarter. BlackRock Inc. now owns 11,543,460 shares of the real estate investment trust’s stock worth $334,647,000 after purchasing an additional 187,322 shares during the period.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $29.97, for a total value of $89,910.00. Following the completion of the transaction, the director now directly owns 3,458 shares of the company’s stock, valued at $103,636.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

A number of research firms recently commented on OFC. Jefferies Financial Group reaffirmed a “$28.83” rating on shares of Corporate Office Properties Trust in a report on Wednesday, July 18th. Zacks Investment Research downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Robert W. Baird reaffirmed a “hold” rating and set a $29.00 target price on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Bank of America raised Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, August 7th. Finally, Mizuho reaffirmed a “hold” rating and set a $31.00 target price on shares of Corporate Office Properties Trust in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Corporate Office Properties Trust stock opened at $26.58 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.92 and a quick ratio of 1.98. Corporate Office Properties Trust has a 52 week low of $24.55 and a 52 week high of $32.70. The stock has a market cap of $2.72 billion, a P/E ratio of 13.09, a PEG ratio of 2.92 and a beta of 0.75.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Corporate Office Properties Trust had a return on equity of 4.30% and a net margin of 10.78%. The firm had revenue of $137.41 million during the quarter, compared to the consensus estimate of $129.45 million. On average, equities analysts anticipate that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Corporate Office Properties Trust (OFC) Holdings Trimmed by Virginia Retirement Systems ET AL” was published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/11/09/corporate-office-properties-trust-ofc-holdings-trimmed-by-virginia-retirement-systems-et-al.html.

About Corporate Office Properties Trust

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”).

Read More: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding OFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corporate Office Properties Trust (NYSE:OFC).

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

Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply