Trading Report: Today, Pensionfund DSM Netherlands Buys 16,000 Shares of Corporate Office Properties Trust (OFC)

Today, Pensionfund DSM Netherlands Buys 16,000 Shares of Corporate Office Properties Trust (OFC)

Pensionfund DSM Netherlands raised its position in Corporate Office Properties Trust (NYSE:OFC) by 48.5% during the third quarter, Holdings Channel reports. The institutional investor owned 49,000 shares of the real estate investment trust’s stock after buying an additional 16,000 shares during the period. Pensionfund DSM Netherlands owned about 0.05% of Corporate Office Properties Trust worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its position in Corporate Office Properties Trust by 2.7% in the third quarter. Fisher Asset Management LLC now owns 674,159 shares of the real estate investment trust’s stock worth $19,112,000 after buying an additional 17,462 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Corporate Office Properties Trust by 4.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,757 shares of the real estate investment trust’s stock worth $929,000 after buying an additional 1,352 shares in the last quarter. Macquarie Group Ltd. raised its position in Corporate Office Properties Trust by 1.7% in the second quarter. Macquarie Group Ltd. now owns 19,423 shares of the real estate investment trust’s stock worth $574,000 after buying an additional 325 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Corporate Office Properties Trust during the second quarter worth about $250,000. Finally, Mason Street Advisors LLC acquired a new position in Corporate Office Properties Trust during the second quarter worth about $1,276,000. 98.85% of the stock is owned by institutional investors.

Shares of Corporate Office Properties Trust (NYSE:OFC) traded down 0.03% during midday trading on Friday, reaching $28.97. 455,241 shares of the company traded hands. The stock’s 50-day moving average is $27.42 and its 200-day moving average is $28.08. Corporate Office Properties Trust has a 1-year low of $19.52 and a 1-year high of $30.55. The stock has a market capitalization of $2.74 billion, a P/E ratio of 87.26 and a beta of 0.88.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.51. The firm earned $142.10 million during the quarter, compared to the consensus estimate of $125.03 million. Corporate Office Properties Trust had a return on equity of 3.41% and a net margin of 8.00%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. Equities analysts predict that Corporate Office Properties Trust will post $2.00 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Corporate Office Properties Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $33.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Corporate Office Properties Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, August 15th. Mizuho raised their price target on shares of Corporate Office Properties Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, Jefferies Group reissued a “hold” rating and set a $27.00 price target on shares of Corporate Office Properties Trust in a research report on Friday, July 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.14.

In related news, Director Steven D. Kesler sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $27.72, for a total value of $110,880.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

About Corporate Office Properties Trust

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.

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