Corporate Office Properties Trust (OFC) Holdings Raised by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,500 shares of the real estate investment trust’s stock after acquiring an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Corporate Office Properties Trust were worth $805,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OFC. Virtu Financial LLC bought a new position in Corporate Office Properties Trust in the first quarter valued at approximately $203,000. Peregrine Capital Management LLC boosted its stake in Corporate Office Properties Trust by 7.8% in the first quarter. Peregrine Capital Management LLC now owns 381,964 shares of the real estate investment trust’s stock valued at $10,428,000 after acquiring an additional 27,746 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Corporate Office Properties Trust by 0.8% in the first quarter. State of Alaska Department of Revenue now owns 45,209 shares of the real estate investment trust’s stock valued at $1,232,000 after acquiring an additional 380 shares during the last quarter. Deutsche Bank AG boosted its stake in Corporate Office Properties Trust by 540.8% in the fourth quarter. Deutsche Bank AG now owns 570,562 shares of the real estate investment trust’s stock valued at $11,997,000 after acquiring an additional 481,527 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 acquiring an additional 89,540 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 4,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.79, for a total value of $107,160.00. Following the sale, the director now directly owns 276,000 shares in the company, valued at $7,394,040. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert L. Denton sold 1,500 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $25.65, for a total transaction of $38,475.00. Following the completion of the sale, the director now owns 280,000 shares in the company, valued at $7,182,000. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

OFC opened at $27.29 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.80 and a beta of 1.04. Corporate Office Properties Trust has a twelve month low of $20.03 and a twelve month high of $31.01.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, February 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $138.48 million for the quarter, compared to analyst estimates of $152.94 million. Corporate Office Properties Trust had a net margin of 12.49% and a return on equity of 4.64%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Research analysts predict that Corporate Office Properties Trust will post 2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.275 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.10 annualized dividend and a yield of 4.03%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 54.73%.

A number of brokerages have issued reports on OFC. ValuEngine cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 28th. Zacks Investment Research cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. Robert W. Baird raised shares of Corporate Office Properties Trust from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 8th. Stifel Nicolaus raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Thursday, January 3rd. Finally, Wells Fargo & Co set a $25.00 price objective on shares of Corporate Office Properties Trust and gave the company a “market perform” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Corporate Office Properties Trust has an average rating of “Hold” and a consensus target price of $26.80.

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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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