D. E. Shaw & Co. Inc. Invests $20.51 Million in Corporate Office Properties Trust (OFC) Stock

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D. E. Shaw & Co. Inc. bought a new stake in Corporate Office Properties Trust (NYSE:OFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 975,339 shares of the real estate investment trust’s stock, valued at approximately $20,512,000. D. E. Shaw & Co. Inc. owned about 0.90% of Corporate Office Properties Trust at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OFC. Utah Retirement Systems lifted its holdings in shares of Corporate Office Properties Trust by 1.8% in the 4th quarter. Utah Retirement Systems now owns 28,642 shares of the real estate investment trust’s stock worth $602,000 after acquiring an additional 500 shares during the last quarter. Eaton Vance Management lifted its holdings in shares of Corporate Office Properties Trust by 4.4% in the 4th quarter. Eaton Vance Management now owns 14,107 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 593 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Corporate Office Properties Trust by 2.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the real estate investment trust’s stock worth $608,000 after acquiring an additional 600 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Corporate Office Properties Trust by 1.6% in the 4th quarter. State Treasurer State of Michigan now owns 38,800 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 600 shares during the last quarter. Finally, Securian Asset Management Inc lifted its holdings in shares of Corporate Office Properties Trust by 4.9% in the 4th quarter. Securian Asset Management Inc now owns 13,215 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 620 shares during the last quarter. Institutional investors own 95.03% of the company’s stock.

In other Corporate Office Properties Trust news, CEO Stephen E. Budorick bought 1,206 shares of the business’s stock in a transaction that occurred on Monday, December 31st. The shares were purchased at an average cost of $20.74 per share, with a total value of $25,012.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Denton sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.79, for a total transaction of $107,160.00. Following the completion of the sale, the director now directly owns 276,000 shares in the company, valued at $7,394,040. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 4,625 shares of company stock worth $95,776. 0.60% of the stock is owned by insiders.

Shares of OFC opened at $27.51 on Friday. Corporate Office Properties Trust has a fifty-two week low of $20.03 and a fifty-two week high of $31.01. The company has a market cap of $2.96 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.12.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, February 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Corporate Office Properties Trust had a net margin of 12.49% and a return on equity of 4.64%. The firm had revenue of $138.48 million for the quarter, compared to the consensus estimate of $152.94 million. During the same period in the prior year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, research analysts forecast that Corporate Office Properties Trust will post 2.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, March 28th. Corporate Office Properties Trust’s payout ratio is currently 54.73%.

OFC has been the topic of several recent analyst reports. Wells Fargo & Co set a $25.00 price objective on shares of Corporate Office Properties Trust and gave the stock a “market perform” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. Stifel Nicolaus upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a report on Thursday, January 3rd. ValuEngine upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Robert W. Baird upgraded shares of Corporate Office Properties Trust from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Corporate Office Properties Trust from a “neutral” rating to an “overweight” rating in a report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.80.

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Corporate Office Properties Trust Company Profile

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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