Wells Fargo & Company MN Has $74.48 Million Holdings in Corporate Office Properties Trust (OFC)

Wells Fargo & Company MN raised its position in Corporate Office Properties Trust (NYSE:OFC) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,268,665 shares of the real estate investment trust’s stock after acquiring an additional 9,474 shares during the quarter. Wells Fargo & Company MN owned approximately 2.28% of Corporate Office Properties Trust worth $74,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capstone Asset Management Co. increased its position in shares of Corporate Office Properties Trust by 1.0% in the second quarter. Capstone Asset Management Co. now owns 8,445 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 80 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Corporate Office Properties Trust by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,512 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 98 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Corporate Office Properties Trust by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 25,648 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 137 shares during the period. World Asset Management Inc increased its position in shares of Corporate Office Properties Trust by 3.8% during the second quarter. World Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 229 shares during the period. Finally, Utah Retirement Systems increased its position in shares of Corporate Office Properties Trust by 2.4% during the second quarter. Utah Retirement Systems now owns 25,142 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 595 shares during the period.

In other Corporate Office Properties Trust news, Director Lisa G. Trimberger bought 3,000 shares of Corporate Office Properties Trust stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $30.39 per share, with a total value of $91,170.00. Following the completion of the acquisition, the director now owns 1,464 shares in the company, valued at $44,490.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on OFC shares. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, October 18th. Jefferies Group restated a “buy” rating and issued a $38.00 price objective on shares of Corporate Office Properties Trust in a report on Wednesday. SunTrust Banks restated a “hold” rating and issued a $34.00 price objective on shares of Corporate Office Properties Trust in a report on Friday, October 27th. Bank of America cut shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Evercore ISI upgraded shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $33.57.

Shares of Corporate Office Properties Trust (NYSE OFC) traded down $0.15 during trading on Thursday, reaching $29.65. 856,300 shares of the company were exchanged, compared to its average volume of 791,340. The company has a market capitalization of $3,240.00, a P/E ratio of 14.90 and a beta of 0.81. Corporate Office Properties Trust has a 12 month low of $29.03 and a 12 month high of $36.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.34.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $142.74 million. Corporate Office Properties Trust had a net margin of 14.38% and a return on equity of 5.89%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. equities research analysts predict that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 3.71%. Corporate Office Properties Trust’s dividend payout ratio is currently 159.42%.

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About Corporate Office Properties Trust

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

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

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