Q2 2019 EPS Estimates for Corporate Office Properties Trust (NYSE:OFC) Reduced by Capital One Financial

Corporate Office Properties Trust (NYSE:OFC) – Equities research analysts at Capital One Financial dropped their Q2 2019 earnings per share (EPS) estimates for shares of Corporate Office Properties Trust in a research report issued on Tuesday, June 11th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will earn $0.50 per share for the quarter, down from their prior estimate of $0.51. Capital One Financial also issued estimates for Corporate Office Properties Trust’s FY2019 earnings at $2.03 EPS.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.31). The business had revenue of $148.94 million for the quarter, compared to analyst estimates of $150.89 million. Corporate Office Properties Trust had a net margin of 13.28% and a return on equity of 4.74%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share.

Other analysts also recently issued reports about the company. BTIG Research raised their target price on Corporate Office Properties Trust to $33.00 and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research downgraded Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. Finally, KeyCorp downgraded Corporate Office Properties Trust from a “sector weight” rating to an “underweight” rating and set a $23.00 target price for the company. in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.14.

Shares of Corporate Office Properties Trust stock opened at $29.00 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $3.20 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 3.11 and a beta of 0.95. Corporate Office Properties Trust has a 1-year low of $20.03 and a 1-year high of $31.01.

Several hedge funds have recently modified their holdings of OFC. Vanguard Group Inc lifted its position in shares of Corporate Office Properties Trust by 1.6% during the third quarter. Vanguard Group Inc now owns 14,929,426 shares of the real estate investment trust’s stock worth $445,345,000 after purchasing an additional 236,834 shares during the last quarter. Arizona State Retirement System lifted its holdings in Corporate Office Properties Trust by 6.6% in the fourth quarter. Arizona State Retirement System now owns 78,129 shares of the real estate investment trust’s stock worth $1,643,000 after acquiring an additional 4,807 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Corporate Office Properties Trust by 34.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 20,881 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 5,400 shares during the last quarter. Rhumbline Advisers lifted its holdings in Corporate Office Properties Trust by 41.9% in the fourth quarter. Rhumbline Advisers now owns 278,937 shares of the real estate investment trust’s stock worth $5,866,000 after acquiring an additional 82,425 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Corporate Office Properties Trust by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 139,664 shares of the real estate investment trust’s stock worth $2,937,000 after acquiring an additional 2,990 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert L. Denton sold 3,458 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $28.21, for a total transaction of $97,550.18. Following the transaction, the director now owns 279,432 shares of the company’s stock, valued at $7,882,776.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.10 annualized dividend and a dividend yield of 3.79%. Corporate Office Properties Trust’s payout ratio is 54.73%.

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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