Nomura Asset Management Co. Ltd. Increases Position in Corporate Office Properties Trust (OFC)

Nomura Asset Management Co. Ltd. increased its stake in Corporate Office Properties Trust (NYSE:OFC) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,790 shares of the real estate investment trust’s stock after acquiring an additional 2,310 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Corporate Office Properties Trust worth $1,933,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in Corporate Office Properties Trust by 211.6% during the second quarter. SG Americas Securities LLC now owns 98,299 shares of the real estate investment trust’s stock valued at $2,850,000 after buying an additional 66,753 shares during the period. Northern Trust Corp boosted its position in Corporate Office Properties Trust by 7.4% during the second quarter. Northern Trust Corp now owns 1,816,875 shares of the real estate investment trust’s stock valued at $52,671,000 after buying an additional 124,452 shares during the period. Frontier Capital Management Co. LLC boosted its position in Corporate Office Properties Trust by 17.0% during the third quarter. Frontier Capital Management Co. LLC now owns 3,145,367 shares of the real estate investment trust’s stock valued at $93,826,000 after buying an additional 457,705 shares during the period. Russell Investments Group Ltd. boosted its position in Corporate Office Properties Trust by 5.3% during the second quarter. Russell Investments Group Ltd. now owns 429,432 shares of the real estate investment trust’s stock valued at $12,427,000 after buying an additional 21,636 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Corporate Office Properties Trust by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,255,678 shares of the real estate investment trust’s stock valued at $36,403,000 after buying an additional 78,280 shares during the period. Institutional investors own 97.20% of the company’s stock.

In related news, CEO Stephen E. Budorick purchased 4,023 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average cost of $24.90 per share, with a total value of $100,172.70. Following the completion of the purchase, the chief executive officer now directly owns 110,528 shares in the company, valued at $2,752,147.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have bought 5,160 shares of company stock valued at $131,367. 0.60% of the stock is currently owned by company insiders.

Several research firms have issued reports on OFC. ValuEngine lowered shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Bank of America dropped their target price on shares of Corporate Office Properties Trust from $34.00 to $31.00 and set a “buy” rating for the company in a report on Monday, October 29th. Wells Fargo & Co reiterated a “hold” rating on shares of Corporate Office Properties Trust in a report on Wednesday, August 15th. Robert W. Baird reiterated a “hold” rating and set a $29.00 target price on shares of Corporate Office Properties Trust in a report on Wednesday, August 8th. Finally, Mizuho reiterated a “hold” rating and set a $31.00 target price on shares of Corporate Office Properties Trust in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Corporate Office Properties Trust presently has an average rating of “Hold” and an average price target of $30.00.

Corporate Office Properties Trust stock opened at $24.67 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.12. The stock has a market cap of $2.69 billion, a PE ratio of 12.15, a PEG ratio of 2.74 and a beta of 0.75. Corporate Office Properties Trust has a 1-year low of $24.24 and a 1-year high of $31.47.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $137.41 million during the quarter, compared to analyst estimates of $129.45 million. Corporate Office Properties Trust had a net margin of 10.78% and a return on equity of 4.30%. Sell-side analysts predict that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.

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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”).

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

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