Corporate Office Properties Trust (OFC) Issues Q1 Earnings Guidance

Corporate Office Properties Trust (NYSE:OFC) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.49. Corporate Office Properties Trust also updated its FY17 guidance to $2.00-2.08 EPS.

A number of equities analysts have weighed in on the stock. Jefferies Group LLC reaffirmed a hold rating and issued a $32.00 target price on shares of Corporate Office Properties Trust in a research note on Tuesday, January 31st. SunTrust Banks, Inc. downgraded shares of Corporate Office Properties Trust from a buy rating to a hold rating and set a $32.00 target price for the company. in a research note on Thursday, January 19th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a hold rating and issued a $30.00 target price (up from $28.50) on shares of Corporate Office Properties Trust in a research note on Friday, December 23rd. Mizuho reaffirmed a buy rating on shares of Corporate Office Properties Trust in a research note on Friday, December 23rd. Finally, Raymond James Financial, Inc. downgraded shares of Corporate Office Properties Trust from an outperform rating to a market perform rating in a research note on Monday, January 9th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $30.50.

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

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 32.96 on Monday. Corporate Office Properties Trust has a 1-year low of $20.91 and a 1-year high of $33.00. The company’s market capitalization is $3.13 billion. The company’s 50 day moving average is $31.54 and its 200-day moving average is $29.17.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.29. The firm had revenue of $141.99 million for the quarter, compared to the consensus estimate of $128.02 million. Corporate Office Properties Trust had a net margin of 1.99% and a return on equity of 0.86%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that Corporate Office Properties Trust will post $0.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.10 dividend on an annualized basis and a yield of 3.34%. Corporate Office Properties Trust’s payout ratio is -2,749.31%.

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Corporate Office Properties Trust Company Profile

Corporate Office Properties Trust (COPT) is a self-managed real estate investment trust. The Company owns, manages, leases, develops and acquires office and data center properties. Its segments include Defense/Information Technology (IT) Locations; Regional Office; Operating Wholesale Data Center, and Other.

5 Day Chart for NYSE:OFC

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