Corporate Office Properties Trust (NYSE:OFC) Shares Acquired by Neuburgh Advisers LLC

Neuburgh Advisers LLC increased its holdings in Corporate Office Properties Trust (NYSE:OFC) by 50.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,088 shares of the real estate investment trust’s stock after buying an additional 6,368 shares during the period. Neuburgh Advisers LLC’s holdings in Corporate Office Properties Trust were worth $503,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of OFC. TRUE Private Wealth Advisors bought a new stake in Corporate Office Properties Trust in the 2nd quarter valued at about $25,000. Advisor Group Inc. lifted its position in Corporate Office Properties Trust by 141.1% in the 2nd quarter. Advisor Group Inc. now owns 4,994 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,923 shares during the last quarter. Machina Capital S.A.S. bought a new stake in Corporate Office Properties Trust in the 2nd quarter valued at about $170,000. Landscape Capital Management L.L.C. bought a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth about $213,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Corporate Office Properties Trust during the 1st quarter worth about $223,000. 97.28% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on OFC. BTIG Research boosted their price target on shares of Corporate Office Properties Trust to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Robert W. Baird set a $31.00 price target on shares of Corporate Office Properties Trust and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Stifel Nicolaus set a $30.00 price target on shares of Corporate Office Properties Trust and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Citigroup boosted their price target on shares of Corporate Office Properties Trust from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Corporate Office Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $28.14.

Shares of NYSE OFC traded down $0.15 during midday trading on Thursday, reaching $29.65. The company’s stock had a trading volume of 19,387 shares, compared to its average volume of 718,838. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.05. The company has a 50 day moving average price of $28.45 and a 200 day moving average price of $27.73. Corporate Office Properties Trust has a one year low of $20.03 and a one year high of $30.61. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 3.18 and a beta of 0.88.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.44. Corporate Office Properties Trust had a net margin of 27.67% and a return on equity of 10.04%. The business had revenue of $175.07 million for the quarter, compared to the consensus estimate of $151.18 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Research analysts anticipate that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.275 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.71%. Corporate Office Properties Trust’s payout ratio is currently 54.73%.

In other news, Director Robert L. Denton sold 4,000 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.73, for a total value of $110,920.00. Following the transaction, the director now directly owns 272,000 shares of the company’s stock, valued at $7,542,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Greg J. Thor sold 2,507 shares of Corporate Office Properties Trust stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $29.11, for a total transaction of $72,978.77. Following the completion of the transaction, the chief accounting officer now directly owns 22,558 shares in the company, valued at $656,663.38. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Corporate Office Properties Trust 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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