Today, Quantitative Investment Management LLC Buys Shares of 33,100 Corporate Office Properties Trust (OFC)

Today, Quantitative Investment Management LLC Buys Shares of 33,100 Corporate Office Properties Trust (OFC)

Quantitative Investment Management LLC bought a new position in shares of Corporate Office Properties Trust (NYSE:OFC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,100 shares of the real estate investment trust’s stock, valued at approximately $938,000.

Several other hedge funds have also made changes to their positions in OFC. Vanguard Group Inc. boosted its position in Corporate Office Properties Trust by 3.6% in the second quarter. Vanguard Group Inc. now owns 14,292,404 shares of the real estate investment trust’s stock valued at $422,626,000 after buying an additional 503,005 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Corporate Office Properties Trust by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,990,638 shares of the real estate investment trust’s stock valued at $118,003,000 after buying an additional 43,945 shares in the last quarter. State Street Corp boosted its position in Corporate Office Properties Trust by 3.0% in the second quarter. State Street Corp now owns 3,845,814 shares of the real estate investment trust’s stock valued at $113,723,000 after buying an additional 112,947 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Corporate Office Properties Trust by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,838,332 shares of the real estate investment trust’s stock valued at $113,499,000 after buying an additional 123,070 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Corporate Office Properties Trust by 4.4% in the second quarter. BlackRock Fund Advisors now owns 3,757,949 shares of the real estate investment trust’s stock valued at $111,123,000 after buying an additional 158,513 shares in the last quarter. Institutional investors own 98.85% of the company’s stock.

Corporate Office Properties Trust (NYSE:OFC) traded down 0.03% during midday trading on Friday, hitting $28.97. The stock had a trading volume of 455,241 shares. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 87.26 and a beta of 0.88. The company’s 50 day moving average price is $27.42 and its 200-day moving average price is $28.08. Corporate Office Properties Trust has a 52 week low of $19.52 and a 52 week high of $30.55.

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

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

In other news, Director Steven D. Kesler sold 4,000 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Corporate Office Properties Trust Company Profile

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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