Dimensional Fund Advisors LP decreased its stake in shares of Corporate Office Properties Trust (NYSE:OFC) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,277,421 shares of the real estate investment trust’s stock after selling 13,241 shares during the period. Dimensional Fund Advisors LP owned 1.35% of Corporate Office Properties Trust worth $39,880,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC acquired a new position in Corporate Office Properties Trust during the third quarter valued at approximately $9,617,000. Sumitomo Mitsui Asset Management Company LTD raised its position in Corporate Office Properties Trust by 21.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 272,722 shares of the real estate investment trust’s stock valued at $7,731,000 after buying an additional 47,629 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in Corporate Office Properties Trust by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 18,646 shares of the real estate investment trust’s stock valued at $529,000 after buying an additional 364 shares during the period. GWM Advisors LLC raised its position in Corporate Office Properties Trust by 5.0% in the third quarter. GWM Advisors LLC now owns 7,858 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 376 shares during the period. Finally, 1st Global Advisors Inc. raised its position in Corporate Office Properties Trust by 0.3% in the third quarter. 1st Global Advisors Inc. now owns 11,746 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 97.98% of the company’s stock.
Corporate Office Properties Trust (NYSE:OFC) traded down 0.44% on Friday, reaching $33.58. 841,014 shares of the company traded hands. The stock’s market capitalization is $3.30 billion. The stock has a 50 day moving average of $33.52 and a 200-day moving average of $30.84. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $34.56.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 29th. Corporate Office Properties Trust’s payout ratio is -2,749.31%.
Several research firms have commented on OFC. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Evercore ISI downgraded shares of Corporate Office Properties Trust from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Jefferies Group LLC increased their target price on shares of Corporate Office Properties Trust from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, February 21st. Mizuho increased their target price on shares of Corporate Office Properties Trust from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Finally, Robert W. Baird downgraded shares of Corporate Office Properties Trust from an “outperform” rating to a “neutral” rating and increased their target price for the company from $32.00 to $33.00 in a research note on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.50.
In other news, CAO Greg J. Thor sold 3,555 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $34.02, for a total value of $120,941.10. Following the completion of the transaction, the chief accounting officer now owns 14,853 shares in the company, valued at $505,299.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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.
