Corporate Office Properties Trust (OFC) Issues Q3 Earnings Guidance

Paterniano Del Favero
Agosto 17, 2017

Ameriprise Financial Inc acquired 25,944 shares as Corporate Office Properties (OFC)'s stock rose 0.60%. Teachers Advisors LLC increased its position in shares of Corporate Office Properties Trust by 9.7% in the fourth quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust's stock valued at $337,374,000 after buying an additional 10,000,151 shares during the last quarter. Aqr Capital Management Ltd Liability holds 0.01% of its portfolio in Corporate Office Properties Trust (NYSE:OFC) for 133,954 shares. Wells Fargo & Company MN increased its stake in Corporate Office Properties Trust by 674.8% in the first quarter. Finally, State of Alaska Department of Revenue boosted its stake in Corporate Office Properties Trust by 76.4% in the first quarter. The Vantage Investment Partners Llc holds 181,889 shares with $21.07M value, down from 227,192 last quarter. Finally, Vanguard Group Inc. increased its stake in Corporate Office Properties Trust by 5.0% in the first quarter. Vanguard Group Inc. now owns 15,297,994 shares of the real estate investment trust's stock valued at $506,363,000 after buying an additional 729,574 shares during the last quarter.

Over the past 50 days, Corporate Office Properties Trust's stock is -8.47% off of the high and 2.97% removed from the low. P/E ratio of the company is marked at 44.23.

From another technical standpoint, Corporate Office Properties Trust (NYSE:OFC)'s 14-day Relative Strength Index (RSI) has reached 37.7, putting it inside a neutral zone. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. Corporate Office Properties now has $3.27B valuation. During the same quarter previous year, the firm posted $0.52 earnings per share. It last trading capacity has been noted with 1.11 million shares and 0.66 million shares are observed as exploring the average capacity of last three months trading period.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, September 28th. Corporate Office Properties Trust's payout ratio is presently 150.68%.

WARNING: "Green Street Investors LLC Invests $3.73 Million in Corporate Office Properties Trust (OFC)" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/08/16/corporate-office-properties-trust-ofc-position-boosted-by-us-bancorp-de.html.

Several analysts have issued reports on OFC shares. Capital One Financial Corporation downgraded shares of Corporate Office Properties Trust from an "overweight" rating to an "equal weight" rating in a report on Monday, July 31st. Stifel Nicolaus maintained Corporate Office Properties Trust (NYSE:OFC) on Friday, July 14 with "Hold" rating. BidaskClub upgraded shares of Corporate Office Properties Trust from a "hold" rating to a "buy" rating in a report on Thursday, June 15th.

Waterfront Capital Partners Llc holds 2.51% of its portfolio in Corporate Office Properties Trust for 504,571 shares. Jefferies maintained Corporate Office Properties Trust (NYSE:OFC) rating on Monday, August 7. 1 and 2 is equivalent to a buy rating, 3 a hold rating, and 4 and 5 a sell rating. The stock's average target of $31.10 is -5.73% below today's ($32.99) share price. Public Employees Retirement Association of Colorado raised its position in Corporate Office Properties Trust by 0.5% in the second quarter. The shares were sold at an average price of $35.40, for a total value of $128,749.80.

Blackrock Group Ltd decreased Corporate Office Pptys Tr (OFC) stake by 4.09% reported in 2016Q4 SEC filing.

In other Corporate Office Properties Trust news, Director Steven D. Kesler sold 3,637 shares of Corporate Office Properties Trust stock in a transaction on Tuesday, June 20th. Following the transaction, the director now directly owns 8,633 shares in the company, valued at approximately $289,550.82. The disclosure for this sale can be found here. Insiders sold a total of 11,873 shares of company stock worth $404,400 in the last quarter. The stock assembled a motion of -0.64% as of a recent closing trade. The Firm owns, manages, leases, develops and acquires office and data center properties.

Hedge funds and other institutional investors have recently modified their holdings of the company.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE