Oregon Public Employees Retirement Fund grew its position in Corporate Office Properties Trust (NYSE:OFC) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,345 shares of the real estate investment trust’s stock after purchasing an additional 2,038 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Corporate Office Properties Trust were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in Corporate Office Properties Trust by 5,262.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,320 shares of the real estate investment trust’s stock worth $502,000 after purchasing an additional 16,997 shares during the last quarter. Meadow Creek Investment Management LLC grew its position in shares of Corporate Office Properties Trust by 18.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 17,646 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 2,686 shares in the last quarter. FMR LLC grew its position in shares of Corporate Office Properties Trust by 37.5% in the 2nd quarter. FMR LLC now owns 12,387,646 shares of the real estate investment trust’s stock worth $359,119,000 after acquiring an additional 3,378,017 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Corporate Office Properties Trust by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,421 shares of the real estate investment trust’s stock worth $46,541,000 after acquiring an additional 18,339 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Corporate Office Properties Trust by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 444,013 shares of the real estate investment trust’s stock worth $12,871,000 after acquiring an additional 14,930 shares in the last quarter.

In related news, Director David M. Jacobstein sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $30.64, for a total transaction of $76,600.00. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $293,868.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Denton sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $29.97, for a total value of $89,910.00. Following the transaction, the director now owns 3,458 shares of the company’s stock, valued at approximately $103,636.26. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

OFC has been the subject of several research reports. Wells Fargo & Co reiterated a “hold” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, August 15th. Bank of America upgraded Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, August 7th. Robert W. Baird reiterated a “hold” rating and issued a $29.00 target price on shares of Corporate Office Properties Trust in a research report on Wednesday, August 8th. Jefferies Financial Group reiterated a “$28.83” rating on shares of Corporate Office Properties Trust in a research report on Wednesday, July 18th. Finally, Mizuho reiterated a “hold” rating and issued a $31.00 target price on shares of Corporate Office Properties Trust in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.11.

NYSE:OFC opened at $30.49 on Tuesday. Corporate Office Properties Trust has a 12-month low of $24.55 and a 12-month high of $33.81. The company has a market cap of $3.14 billion, a P/E ratio of 14.77, a P/E/G ratio of 4.33 and a beta of 0.63. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.24.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. Corporate Office Properties Trust had a return on equity of 4.52% and a net margin of 10.81%. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $155.10 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. equities analysts expect that Corporate Office Properties Trust will post 2.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a yield of 3.61%. Corporate Office Properties Trust’s dividend payout ratio is currently 54.19%.

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

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