Corporate Office Properties Trust (NYSE:OFC) Shares Purchased by Centersquare Investment Management LLC

Centersquare Investment Management LLC boosted its holdings in shares of Corporate Office Properties Trust (NYSE:OFC) by 166.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,370 shares of the real estate investment trust’s stock after acquiring an additional 17,100 shares during the quarter. Centersquare Investment Management LLC’s holdings in Corporate Office Properties Trust were worth $722,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. increased its stake in Corporate Office Properties Trust by 2.1% during the first quarter. BlackRock Inc. now owns 12,596,646 shares of the real estate investment trust’s stock worth $343,888,000 after acquiring an additional 257,097 shares during the last quarter. FMR LLC grew its stake in shares of Corporate Office Properties Trust by 33.1% in the first quarter. FMR LLC now owns 12,463,394 shares of the real estate investment trust’s stock valued at $340,250,000 after buying an additional 3,096,607 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Corporate Office Properties Trust by 18.8% in the first quarter. Principal Financial Group Inc. now owns 3,402,346 shares of the real estate investment trust’s stock valued at $92,884,000 after buying an additional 538,554 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Corporate Office Properties Trust by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,657,161 shares of the real estate investment trust’s stock valued at $34,850,000 after buying an additional 25,455 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Corporate Office Properties Trust by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,349,969 shares of the real estate investment trust’s stock valued at $28,389,000 after buying an additional 89,540 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

NYSE:OFC traded up $0.16 during midday trading on Friday, reaching $29.71. The company had a trading volume of 3,309 shares, compared to its average volume of 624,098. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 3.22 and a beta of 0.88. The stock’s fifty day simple moving average is $28.45 and its 200-day simple moving average is $27.73. Corporate Office Properties Trust has a 12-month low of $20.03 and a 12-month high of $30.61. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.05.

Corporate Office Properties Trust (NYSE:OFC) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.44. The firm had revenue of $175.07 million during the quarter, compared to analyst estimates of $151.18 million. Corporate Office Properties Trust had a return on equity of 10.04% and a net margin of 27.67%. Corporate Office Properties Trust’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. As a group, sell-side analysts expect that Corporate Office Properties Trust will post 2.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Friday, September 27th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is 54.73%.

In related news, Director Robert L. Denton sold 4,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.73, for a total value of $110,920.00. Following the transaction, the director now owns 272,000 shares in the company, valued at approximately $7,542,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Greg J. Thor sold 2,507 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $29.11, for a total value of $72,978.77. Following the completion of the transaction, the chief accounting officer now owns 22,558 shares in the company, valued at approximately $656,663.38. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on OFC shares. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird set a $31.00 price objective on Corporate Office Properties Trust and gave the company a “buy” rating in a research note on Wednesday, August 21st. Citigroup lifted their price objective on Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. BTIG Research lifted their price objective on Corporate Office Properties Trust to $33.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Stifel Nicolaus set a $30.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.14.

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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