Corporate Office Properties Trust (NYSE:OFC) CAO Greg J. Thor Sells 2,507 Shares of Stock

Corporate Office Properties Trust (NYSE:OFC) CAO Greg J. Thor sold 2,507 shares of the company’s stock in a transaction on 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 directly owns 22,558 shares in the company, valued at $656,663.38. The sale was disclosed in a filing with the SEC, which is available through this link.

NYSE:OFC opened at $28.77 on Friday. The stock has a fifty day moving average price of $27.74 and a 200-day moving average price of $27.42. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 3.15 and a beta of 0.88. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.72 and a current ratio of 1.72. Corporate Office Properties Trust has a fifty-two week low of $20.03 and a fifty-two week high of $31.01.

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 for the quarter, beating analysts’ consensus estimates of $0.51 by $0.44. The firm had revenue of $175.07 million during the quarter, compared to the consensus estimate of $151.18 million. Corporate Office Properties Trust had a return on equity of 10.04% and a net margin of 27.67%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. Research analysts predict that Corporate Office Properties Trust will post 2.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, September 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.82%. Corporate Office Properties Trust’s payout ratio is 54.73%.

Several large investors have recently added to or reduced their stakes in OFC. TRUE Private Wealth Advisors bought a new stake in shares of Corporate Office Properties Trust during the 2nd quarter valued at $25,000. Point72 Asset Management L.P. bought a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth $42,000. NumerixS Investment Technologies Inc bought a new stake in shares of Corporate Office Properties Trust during the 2nd quarter worth $71,000. Quadrant Capital Group LLC lifted its position in shares of Corporate Office Properties Trust by 537.2% during the 1st quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 2,745 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Corporate Office Properties Trust by 141.1% during the 2nd quarter. Advisor Group Inc. now owns 4,994 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,923 shares during the last quarter. Hedge funds and other institutional investors own 98.09% of the company’s stock.

OFC has been the topic of a number of research reports. Robert W. Baird set a $31.00 price objective on Corporate Office Properties Trust and gave the company a “buy” rating in a report on Wednesday. Citigroup upped their price objective on Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus set a $30.00 price objective on Corporate Office Properties Trust and gave the company a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research raised Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, BTIG Research upped their price objective on Corporate Office Properties Trust to $33.00 and gave the company a “buy” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. 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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Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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