Two Sigma Investments LP Invests $9.74 Million in Corporate Office Properties Trust (OFC) Stock

Two Sigma Investments LP acquired a new stake in Corporate Office Properties Trust (NYSE:OFC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 333,604 shares of the real estate investment trust’s stock, valued at approximately $9,741,000. Two Sigma Investments LP owned about 0.34% of Corporate Office Properties Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Raymond James Financial Services Advisors Inc. acquired a new stake in Corporate Office Properties Trust in the fourth quarter worth $237,000. ARP Americas LP acquired a new stake in Corporate Office Properties Trust in the fourth quarter worth $266,000. Crossmark Global Holdings Inc. acquired a new stake in Corporate Office Properties Trust in the third quarter worth $314,000. Koch Industries Inc. raised its holdings in Corporate Office Properties Trust by 42.6% in the fourth quarter. Koch Industries Inc. now owns 13,504 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 4,035 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Corporate Office Properties Trust in the third quarter worth $397,000.

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Shares of Corporate Office Properties Trust (NYSE OFC) opened at $26.03 on Tuesday. Corporate Office Properties Trust has a twelve month low of $24.77 and a twelve month high of $36.03. 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 company has a market cap of $2,647.55, a price-to-earnings ratio of 45.67, a P/E/G ratio of 7.61 and a beta of 0.74.

Corporate Office Properties Trust (NYSE:OFC) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.43). Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The company had revenue of $164.57 million for the quarter, compared to analyst estimates of $143.44 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. analysts predict that Corporate Office Properties Trust will post 2.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors 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 4.23%. Corporate Office Properties Trust’s payout ratio is 192.99%.

In related news, Director Robert L. Denton sold 1,500 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $26.25, for a total transaction of $39,375.00. Following the sale, 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 SEC, which is available at this hyperlink. Also, CEO Stephen E. Budorick purchased 1,600 shares of the stock in a transaction on Tuesday, March 13th. The stock was acquired at an average price of $26.26 per share, for a total transaction of $42,016.00. Following the completion of the purchase, the chief executive officer now directly owns 103,242 shares in the company, valued at approximately $2,711,134.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 15,400 shares of company stock worth $429,544. 0.60% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Mizuho reiterated a “hold” rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a report on Friday, November 24th. Evercore ISI upgraded shares of Corporate Office Properties Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Bank of America lowered shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Finally, Jefferies Group reiterated a “buy” rating and issued a $38.00 target price on shares of Corporate Office Properties Trust in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.88.

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Corporate Office Properties Trust Profile

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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