Envestnet Asset Management Inc. Acquires 6,114 Shares of Corporate Office Properties Trust (NYSE:OFC)

Envestnet Asset Management Inc. grew its holdings in shares of Corporate Office Properties Trust (NYSE:OFC) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,246 shares of the real estate investment trust’s stock after buying an additional 6,114 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Corporate Office Properties Trust were worth $3,646,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alliancebernstein L.P. lifted its position in Corporate Office Properties Trust by 0.9% during the 1st quarter. Alliancebernstein L.P. now owns 217,820 shares of the real estate investment trust’s stock worth $5,735,000 after buying an additional 1,930 shares in the last quarter. Man Group plc bought a new stake in Corporate Office Properties Trust during the 1st quarter worth about $1,385,000. Earnest Partners LLC lifted its position in Corporate Office Properties Trust by 13.8% during the 1st quarter. Earnest Partners LLC now owns 5,583,084 shares of the real estate investment trust’s stock worth $147,003,000 after buying an additional 674,902 shares in the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of Corporate Office Properties Trust by 52.5% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 1,772,279 shares of the real estate investment trust’s stock worth $46,664,000 after purchasing an additional 610,085 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Corporate Office Properties Trust by 997.8% during the 1st quarter. Barclays PLC now owns 374,065 shares of the real estate investment trust’s stock worth $9,849,000 after purchasing an additional 339,992 shares during the last quarter.

Separately, Raymond James boosted their price objective on shares of Corporate Office Properties Trust from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 2nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $30.50.

Corporate Office Properties Trust stock opened at $27.38 on Wednesday. The firm has a market capitalization of $3.08 billion, a PE ratio of 36.03, a P/E/G ratio of 2.52 and a beta of 1.01. The company’s 50-day moving average is $28.69 and its 200-day moving average is $28.04. Corporate Office Properties Trust has a fifty-two week low of $21.68 and a fifty-two week high of $30.51. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.81 and a quick ratio of 1.81.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.18). Corporate Office Properties Trust had a net margin of 13.24% and a return on equity of 5.28%. As a group, analysts expect that Corporate Office Properties Trust will post 2.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.02%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is currently 51.89%.

Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust, Inc is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other.

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

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