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.
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%.
ILLEGAL ACTIVITY WARNING: This news story was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The original version of this news story can be read at http://sleekmoney.com/corporate-office-properties-trust-ofc-issues-q1-earnings-guidance/1657269.html.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/corporate-office-properties-trust-ofc-issues-q1-earnings-guidance/1657269.html
Receive News & Ratings for Corporate Office Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporate Office Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.