Insider Selling: Corporate Office Properties Trust (OFC) Director Sells 1,500 Shares of Stock

Corporate Office Properties Trust (NYSE:OFC) Director Robert L. Denton sold 1,500 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $26.25, for a total value of $39,375.00. Following the transaction, the director now directly owns 2,508 shares in the company, valued at $65,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Corporate Office Properties Trust stock traded down $0.09 during trading on Monday, hitting $26.05. 554,653 shares of the stock were exchanged, compared to its average volume of 889,738. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $2,647.55, a price-to-earnings ratio of 45.86, a P/E/G ratio of 7.61 and a beta of 0.74. Corporate Office Properties Trust has a one year low of $24.77 and a one year high of $36.03.

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Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.43). The firm had revenue of $164.57 million for the quarter, compared to analysts’ expectations of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. sell-side analysts anticipate that Corporate Office Properties Trust will post 2.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.22%. Corporate Office Properties Trust’s dividend payout ratio is currently 192.99%.

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth about $237,000. HBK Investments L P purchased a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth about $242,000. Xact Kapitalforvaltning AB purchased a new stake in Corporate Office Properties Trust in the fourth quarter worth about $256,000. ARP Americas LP purchased a new stake in Corporate Office Properties Trust in the fourth quarter worth about $266,000. Finally, Jane Street Group LLC purchased a new stake in Corporate Office Properties Trust in the fourth quarter worth about $293,000.

A number of research analysts have recently issued reports on OFC shares. Zacks Investment Research cut Corporate Office Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Citigroup reduced their price objective on Corporate Office Properties Trust from $32.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Jefferies Group reaffirmed a “buy” rating and set a $38.00 price objective on shares of Corporate Office Properties Trust in a research note on Wednesday, December 6th. Evercore ISI raised Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Bank of America cut Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Corporate Office Properties Trust has an average rating of “Hold” and an average target price of $30.88.

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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.

Insider Buying and Selling by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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