Corporate Office Properties Trust (OFC) Position Lowered by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. reduced its position in Corporate Office Properties Trust (NYSE:OFC) by 25.2% during the first quarter, Holdings Channel reports. The fund owned 270,181 shares of the real estate investment trust’s stock after selling 91,188 shares during the period. UBS Asset Management Americas Inc.’s holdings in Corporate Office Properties Trust were worth $8,943,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. World Asset Management Inc purchased a new stake in shares of Corporate Office Properties Trust during the first quarter worth about $201,000. LS Investment Advisors LLC increased its stake in shares of Corporate Office Properties Trust by 1.5% in the first quarter. LS Investment Advisors LLC now owns 6,552 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 97 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Corporate Office Properties Trust by 3.2% in the first quarter. Capstone Asset Management Co. now owns 8,365 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 260 shares during the last quarter. Princeton Alpha Management LP purchased a new stake in shares of Corporate Office Properties Trust during the first quarter worth about $303,000. Finally, Elkfork Partners LLC purchased a new stake in shares of Corporate Office Properties Trust during the fourth quarter worth about $299,000. 98.62% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

Corporate Office Properties Trust (OFC) opened at 35.54 on Monday. Corporate Office Properties Trust has a 1-year low of $24.92 and a 1-year high of $36.03. The firm has a 50-day moving average of $34.01 and a 200-day moving average of $32.78. The stock has a market capitalization of $3.50 billion, a PE ratio of 293.72 and a beta of 0.88.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Corporate Office Properties Trust had a net margin of 4.56% and a return on equity of 1.90%. The firm had revenue of $139.80 million during the quarter, compared to analyst estimates of $135.16 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts expect that Corporate Office Properties Trust will post $0.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.10%. Corporate Office Properties Trust’s dividend payout ratio is presently 1,000.09%.

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A number of brokerages have issued reports on OFC. BidaskClub raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. ValuEngine raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Corporate Office Properties Trust in a research report on Tuesday, May 30th. Zacks Investment Research raised shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Finally, Evercore ISI downgraded shares of Corporate Office Properties Trust from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.88.

In other news, Director David M. Jacobstein sold 3,118 shares of Corporate Office Properties Trust stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $33.54, for a total value of $104,577.72. Following the completion of the sale, the director now directly owns 8,633 shares in the company, valued at $289,550.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Kesler sold 3,637 shares of Corporate Office Properties Trust stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $128,749.80. The disclosure for this sale can be found here. Insiders sold 11,873 shares of company stock valued at $404,400 over the last quarter. Company insiders own 0.60% of the company’s stock.

About Corporate Office Properties Trust

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.

Want to see what other hedge funds are holding OFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corporate Office Properties Trust (NYSE:OFC).

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