Peak Financial Advisors LLC Has $387,000 Position in Corporate Office Properties Trust (NYSE:OFC)

Peak Financial Advisors LLC reduced its stake in shares of Corporate Office Properties Trust (NYSE:OFCGet Rating) by 29.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,556 shares of the real estate investment trust’s stock after selling 5,525 shares during the quarter. Peak Financial Advisors LLC’s holdings in Corporate Office Properties Trust were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp raised its position in Corporate Office Properties Trust by 6.4% during the fourth quarter. State Street Corp now owns 5,982,371 shares of the real estate investment trust’s stock valued at $168,949,000 after acquiring an additional 361,979 shares in the last quarter. Victory Capital Management Inc. raised its position in Corporate Office Properties Trust by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,389,445 shares of the real estate investment trust’s stock valued at $122,773,000 after acquiring an additional 178,260 shares in the last quarter. Bank of America Corp DE raised its position in Corporate Office Properties Trust by 2.2% during the fourth quarter. Bank of America Corp DE now owns 2,451,023 shares of the real estate investment trust’s stock valued at $68,555,000 after acquiring an additional 52,917 shares in the last quarter. Geode Capital Management LLC raised its position in Corporate Office Properties Trust by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,203,858 shares of the real estate investment trust’s stock valued at $61,641,000 after acquiring an additional 56,537 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Corporate Office Properties Trust by 13.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,478,189 shares of the real estate investment trust’s stock valued at $41,343,000 after acquiring an additional 176,470 shares in the last quarter.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,416 shares of Corporate Office Properties Trust stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $26.74, for a total transaction of $91,343.84. Following the sale, the director now owns 3,941 shares in the company, valued at $105,382.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is owned by insiders.

Shares of OFC stock opened at $26.73 on Tuesday. Corporate Office Properties Trust has a 1 year low of $23.89 and a 1 year high of $30.51. The firm’s fifty day simple moving average is $26.65 and its 200 day simple moving average is $27.03. The firm has a market capitalization of $3.00 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.28.

Corporate Office Properties Trust (NYSE:OFCGet Rating) last announced its earnings results on Thursday, April 28th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Corporate Office Properties Trust had a return on equity of 6.67% and a net margin of 19.78%. The company had revenue of $195.48 million for the quarter, compared to the consensus estimate of $168.33 million. During the same period last year, the firm posted $0.56 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. Equities research analysts anticipate that Corporate Office Properties Trust will post 2.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, 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 4.12%. The ex-dividend date is Wednesday, June 29th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 87.30%.

OFC has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on shares of Corporate Office Properties Trust from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday. Jefferies Financial Group dropped their price target on shares of Corporate Office Properties Trust from $29.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. StockNews.com lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Saturday, June 25th. Finally, Truist Financial dropped their price target on shares of Corporate Office Properties Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Corporate Office Properties Trust has a consensus rating of “Hold” and an average target price of $27.80.

Corporate Office Properties Trust Profile (Get Rating)

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 (IT) related activities servicing what it believes are growing, durable, priority missions (Defense/IT Locations).

See Also

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

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