Jupiter Asset Management Ltd. Sells 83,478 Shares of Corporate Office Properties Trust (NYSE:OFC)

Jupiter Asset Management Ltd. reduced its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 16.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 428,528 shares of the real estate investment trust’s stock after selling 83,478 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.38% of Corporate Office Properties Trust worth $11,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Integrated Investment Consultants LLC raised its holdings in Corporate Office Properties Trust by 5.6% during the 1st quarter. Integrated Investment Consultants LLC now owns 12,152 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 647 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Corporate Office Properties Trust by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 41,570 shares of the real estate investment trust’s stock valued at $1,095,000 after acquiring an additional 700 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Corporate Office Properties Trust by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 8,931 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 759 shares during the last quarter. American International Group Inc. increased its stake in shares of Corporate Office Properties Trust by 0.4% in the 1st quarter. American International Group Inc. now owns 203,299 shares of the real estate investment trust’s stock valued at $5,353,000 after acquiring an additional 887 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Corporate Office Properties Trust by 4.8% in the 4th quarter. ProShare Advisors LLC now owns 22,500 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 1,031 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on OFC. Truist Securities raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.00 in a research note on Monday, March 15th. Truist raised Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research note on Monday, March 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.63.

NYSE OFC opened at $30.18 on Friday. The business’s 50 day simple moving average is $27.73. Corporate Office Properties Trust has a 52-week low of $21.68 and a 52-week high of $30.28. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.33. The company has a market cap of $3.39 billion, a PE ratio of 51.15, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, April 29th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.61). Corporate Office Properties Trust had a return on equity of 4.16% and a net margin of 10.64%. Analysts anticipate that Corporate Office Properties Trust will post 2.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, June 29th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 51.89%.

In other Corporate Office Properties Trust news, Director Steven D. Kesler sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $29.64, for a total transaction of $237,120.00. Following the completion of the transaction, the director now owns 37,568 shares of the company’s stock, valued at approximately $1,113,515.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lisa G. Trimberger sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $28.05, for a total value of $140,250.00. Following the transaction, the director now directly owns 12,340 shares of the company’s stock, valued at approximately $346,137. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,746 shares of company stock valued at $760,026. Insiders own 0.65% of the company’s stock.

Corporate Office Properties Trust Profile

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (ÂITÂ) related activities servicing what it believes are growing, durable, priority missions (ÂDefense/IT LocationsÂ).

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

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