Analysts expect that Corporate Office Properties Trust (NYSE:OFC) will post earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Corporate Office Properties Trust’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.53. Corporate Office Properties Trust posted earnings per share of $0.51 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The company is expected to announce its next earnings report on Thursday, October 26th.

On average, analysts expect that Corporate Office Properties Trust will report full-year earnings of $2.04 per share for the current year, with EPS estimates ranging from $2.02 to $2.05. For the next financial year, analysts expect that the business will post earnings of $2.15 per share, with EPS estimates ranging from $2.12 to $2.17. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Corporate Office Properties Trust.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Corporate Office Properties Trust had a net margin of 15.86% and a return on equity of 6.55%. The company had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $138.04 million. During the same quarter last year, the business earned $0.52 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.

Several equities research analysts have commented on OFC shares. Zacks Investment Research lowered Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. ValuEngine upgraded Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price objective on shares of Corporate Office Properties Trust in a research report on Friday, July 14th. BidaskClub lowered Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $36.00 price objective on shares of Corporate Office Properties Trust in a research report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.75.

Corporate Office Properties Trust (NYSE OFC) traded down 1.42% during midday trading on Friday, reaching $32.59. 279,758 shares of the company’s stock were exchanged. Corporate Office Properties Trust has a 52 week low of $24.92 and a 52 week high of $36.03. The firm’s 50 day moving average is $34.84 and its 200 day moving average is $33.66. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 44.71 and a beta of 0.83.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Wednesday, June 28th. Corporate Office Properties Trust’s payout ratio is 150.68%.

In other news, Director Robert L. Denton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total transaction of $69,020.00. Following the completion of the transaction, the director now directly owns 294,500 shares of the company’s stock, valued at approximately $10,163,195. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert L. Denton sold 3,118 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $32.73, for a total value of $102,052.14. Following the transaction, the director now directly owns 2,508 shares of the company’s stock, valued at $82,086.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,873 shares of company stock valued at $404,400. Corporate insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in OFC. Rhumbline Advisers increased its position in shares of Corporate Office Properties Trust by 1.5% in the second quarter. Rhumbline Advisers now owns 212,643 shares of the real estate investment trust’s stock valued at $7,449,000 after buying an additional 3,046 shares during the last quarter. Arizona State Retirement System increased its position in Corporate Office Properties Trust by 2.2% in the second quarter. Arizona State Retirement System now owns 41,900 shares of the real estate investment trust’s stock valued at $1,468,000 after buying an additional 900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Corporate Office Properties Trust by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 970,521 shares of the real estate investment trust’s stock valued at $33,998,000 after buying an additional 18,346 shares in the last quarter. Honeywell International Inc. purchased a new position in Corporate Office Properties Trust during the second quarter valued at approximately $564,000. Finally, Retirement Systems of Alabama increased its position in Corporate Office Properties Trust by 0.6% in the second quarter. Retirement Systems of Alabama now owns 128,185 shares of the real estate investment trust’s stock valued at $4,490,000 after buying an additional 798 shares in the last quarter.

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About Corporate Office Properties Trust

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

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

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