$0.50 Earnings Per Share Expected for Corporate Office Properties Trust (NYSE:OFC) This Quarter

Wall Street brokerages predict that Corporate Office Properties Trust (NYSE:OFC) will announce earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Corporate Office Properties Trust’s earnings, with estimates ranging from $0.50 to $0.51. Corporate Office Properties Trust also reported earnings per share of $0.50 during the same quarter last year. The company is expected to announce its next earnings report on Thursday, February 6th.

On average, analysts expect that Corporate Office Properties Trust will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.04. For the next financial year, analysts forecast that the firm will post earnings of $2.10 per share, with EPS estimates ranging from $2.08 to $2.12. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.31). Corporate Office Properties Trust had a return on equity of 10.07% and a net margin of 27.11%. The firm had revenue of $159.43 million for the quarter, compared to the consensus estimate of $154.65 million. During the same period in the prior year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year.

Several equities research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. downgraded shares of Corporate Office Properties Trust from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Tuesday, October 8th. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird set a $31.00 price objective on shares of Corporate Office Properties Trust and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Stifel Nicolaus set a $30.00 price objective on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.38.

In related news, Director Robert L. Denton sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.18, for a total transaction of $58,360.00. Following the completion of the sale, the director now owns 267,568 shares of the company’s stock, valued at $7,807,634.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Greg J. Thor sold 2,507 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $29.11, for a total transaction of $72,978.77. Following the sale, the chief accounting officer now directly owns 22,558 shares of the company’s stock, valued at approximately $656,663.38. The disclosure for this sale can be found here. Insiders have sold 6,939 shares of company stock valued at $203,399 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP lifted its holdings in shares of Corporate Office Properties Trust by 68.1% in the first quarter. First Trust Advisors LP now owns 79,957 shares of the real estate investment trust’s stock worth $2,183,000 after acquiring an additional 32,402 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Corporate Office Properties Trust by 1.4% in the second quarter. Retirement Systems of Alabama now owns 145,566 shares of the real estate investment trust’s stock valued at $3,839,000 after buying an additional 2,030 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Corporate Office Properties Trust by 112.2% in the second quarter. Nisa Investment Advisors LLC now owns 12,285 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 6,495 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Corporate Office Properties Trust by 8.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 44,630 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 3,530 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Corporate Office Properties Trust in the second quarter valued at approximately $668,000. 97.25% of the stock is owned by institutional investors and hedge funds.

Shares of Corporate Office Properties Trust stock opened at $29.25 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.64 and a quick ratio of 1.72. Corporate Office Properties Trust has a fifty-two week low of $20.03 and a fifty-two week high of $30.27. The firm has a fifty day moving average price of $29.50 and a two-hundred day moving average price of $28.44. The company has a market cap of $3.35 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 3.24 and a beta of 0.84.

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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Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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