Corporate Office Properties Trust (NYSE:OFC) updated its third quarter 2019 earnings guidance on Monday. The company provided EPS guidance of $0.49-0.51 for the period. Corporate Office Properties Trust also updated its FY 2019 guidance to $2.01-2.05 EPS.

Several equities analysts have commented on OFC shares. Zacks Investment Research cut shares of H&E Equipment Services from a hold rating to a sell rating in a research report on Wednesday, July 17th. BTIG Research cut shares of Tableau Software from a buy rating to a neutral rating in a research report on Monday, June 10th. Finally, KeyCorp set a $79.00 target price on shares of Prologis and gave the stock a buy rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $27.14.

Shares of Corporate Office Properties Trust stock traded up $0.08 during mid-day trading on Monday, hitting $27.00. 966,500 shares of the stock were exchanged, compared to its average volume of 714,246. Corporate Office Properties Trust has a 12 month low of $20.03 and a 12 month high of $31.01. The firm’s 50-day moving average is $27.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $3.01 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.89 and a beta of 0.87.

Corporate Office Properties Trust (NYSE:OFC) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.31). Corporate Office Properties Trust had a return on equity of 4.74% and a net margin of 13.28%. The firm had revenue of $148.94 million for the quarter, compared to the consensus estimate of $150.89 million. During the same period in the prior year, the business earned $0.50 EPS. Corporate Office Properties Trust’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, research analysts predict that Corporate Office Properties Trust will post 2.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.10 annualized dividend and a dividend yield of 4.07%. Corporate Office Properties Trust’s dividend payout ratio is currently 54.73%.

In other Corporate Office Properties Trust news, Director Robert L. Denton sold 3,458 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $28.21, for a total transaction of $97,550.18. Following the transaction, the director now owns 279,432 shares of the company’s stock, valued at approximately $7,882,776.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

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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Earnings History and Estimates for Corporate Office Properties Trust (NYSE:OFC)

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