Corporate Office Properties Trust (NYSE:OFC) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $2.01-2.05 for the period. Corporate Office Properties Trust also updated its FY19 guidance to $2.01-2.05 EPS.

NYSE OFC traded up $1.29 during mid-day trading on Tuesday, hitting $28.29. The company’s stock had a trading volume of 120,269 shares, compared to its average volume of 680,119. The firm’s 50 day moving average price is $27.53. Corporate Office Properties Trust has a twelve month low of $20.03 and a twelve month high of $31.01. 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 price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.89 and a beta of 0.87.

Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.44. Corporate Office Properties Trust had a net margin of 13.28% and a return on equity of 4.74%. The business had revenue of $175.07 million during the quarter, compared to the consensus estimate of $151.18 million. During the same quarter last year, the firm posted $0.51 EPS. Corporate Office Properties Trust’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Corporate Office Properties Trust will post 2.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, June 27th. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 54.73%.

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

In other Corporate Office Properties Trust news, Director David M. Jacobstein sold 3,458 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $28.13, for a total transaction of $97,273.54. Following the transaction, the director now directly owns 9,565 shares in the company, valued at approximately $269,063.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

About Corporate Office Properties Trust

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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