Corporate Office Properties Trust (NYSE:OFC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Corporate Office Properties Trust (NYSE:OFC) by 20.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,232 shares of the real estate investment trust’s stock after selling 8,862 shares during the period. SG Americas Securities LLC’s holdings in Corporate Office Properties Trust were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp raised its position in shares of Corporate Office Properties Trust by 6.3% in the first quarter. State Street Corp now owns 5,354,862 shares of the real estate investment trust’s stock valued at $119,887,000 after buying an additional 315,971 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Corporate Office Properties Trust by 146.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,631,026 shares of the real estate investment trust’s stock valued at $80,355,000 after buying an additional 2,157,791 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Corporate Office Properties Trust by 0.7% in the first quarter. Frontier Capital Management Co. LLC now owns 3,222,206 shares of the real estate investment trust’s stock valued at $71,307,000 after buying an additional 23,706 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Corporate Office Properties Trust by 3.4% in the first quarter. Geode Capital Management LLC now owns 1,746,523 shares of the real estate investment trust’s stock valued at $38,650,000 after buying an additional 57,277 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Corporate Office Properties Trust by 12.4% in the first quarter. Nuveen Asset Management LLC now owns 1,693,522 shares of the real estate investment trust’s stock valued at $37,478,000 after buying an additional 187,239 shares during the last quarter. Institutional investors own 98.00% of the company’s stock.

A number of equities analysts have recently weighed in on OFC shares. Citigroup boosted their price objective on shares of Corporate Office Properties Trust from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. KeyCorp raised shares of Corporate Office Properties Trust from an “underweight” rating to a “sector weight” rating in a research report on Thursday, July 9th. Smith Barney Citigroup raised shares of Corporate Office Properties Trust from a “neutral” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Monday, May 4th. SunTrust Banks upped their price target on shares of Corporate Office Properties Trust from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Finally, Zacks Investment Research lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Corporate Office Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $28.23.

OFC opened at $26.48 on Friday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 1.26. Corporate Office Properties Trust has a 52-week low of $15.23 and a 52-week high of $30.57. The company has a 50 day moving average of $25.44 and a two-hundred day moving average of $25.81. The company has a market cap of $2.96 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.90 and a beta of 1.03.

Corporate Office Properties Trust (NYSE:OFC) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). The business had revenue of $144.77 million for the quarter, compared to analysts’ expectations of $146.18 million. Corporate Office Properties Trust had a return on equity of 6.58% and a net margin of 18.34%. Research analysts anticipate that Corporate Office Properties Trust will post 2.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.10 annualized dividend and a dividend yield of 4.15%. Corporate Office Properties Trust’s dividend payout ratio (DPR) is presently 54.19%.

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

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