Corporate Office Properties Trust (NYSE:OFC) Updates FY 2020 After-Hours Earnings Guidance

Corporate Office Properties Trust (NYSE:OFC) updated its FY 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share guidance of 2.05-2.09 for the period. Corporate Office Properties Trust also updated its FY20 guidance to $2.05-2.09 EPS.

A number of equities analysts have commented on the stock. ValuEngine lowered shares of Corporate Office Properties Trust from a hold rating to a sell rating in a report on Thursday, June 4th. Robert W. Baird upped their target price on shares of Corporate Office Properties Trust from $24.00 to $28.00 and gave the company an outperform rating in a research note on Wednesday, May 6th. SunTrust Banks upped their target price on shares of Corporate Office Properties Trust from $26.00 to $28.00 and gave the company a hold rating in a research note on Monday, May 11th. Citigroup upped their target price on shares of Corporate Office Properties Trust from $23.00 to $24.00 and gave the company a neutral rating in a research note on Thursday, May 28th. Finally, Zacks Investment Research lowered shares of Corporate Office Properties Trust from a buy rating to a hold rating in a research note 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 assigned a buy rating to the company’s stock. Corporate Office Properties Trust presently has a consensus rating of Hold and a consensus target price of $28.23.

Shares of NYSE: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 fifty-two week low of $15.23 and a fifty-two week high of $30.57. The firm has a 50-day simple moving average of $25.44 and a 200 day simple moving average of $25.81. The company has a market cap of $2.97 billion, a PE ratio of 26.75, a P/E/G ratio of 2.91 and a beta of 1.03.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.275 per share. The ex-dividend date was Monday, June 29th. This represents a $1.10 annualized dividend and a yield of 4.15%. Corporate Office Properties Trust’s dividend payout ratio is currently 54.19%.

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

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