Today, Dimensional Fund Advisors LP reached $38,665,000 position of Corporate Office Properties Trust (OFC)

Today, Dimensional Fund Advisors LP reached $38,665,000 position  of Corporate Office Properties Trust (OFC)

Dimensional Fund Advisors LP boosted its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,307,637 shares of the real estate investment trust’s stock after buying an additional 16,904 shares during the period. Dimensional Fund Advisors LP owned about 1.39% of Corporate Office Properties Trust worth $38,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Japan Co. Ltd boosted its position in Corporate Office Properties Trust by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 5,006 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 62 shares during the period. LS Investment Advisors LLC boosted its position in Corporate Office Properties Trust by 75.7% in the second quarter. LS Investment Advisors LLC now owns 5,685 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,450 shares during the period. SECOR Capital Advisors LP bought a new position in Corporate Office Properties Trust during the second quarter valued at $203,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Corporate Office Properties Trust during the second quarter valued at $215,000. Finally, Capstone Asset Management Co. bought a new position in Corporate Office Properties Trust during the second quarter valued at $220,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.

Shares of Corporate Office Properties Trust (NYSE:OFC) opened at 27.68 on Tuesday. The firm’s 50-day moving average is $28.10 and its 200 day moving average is $27.87. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 27.85 and a beta of 0.89. 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 released its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.14. Corporate Office Properties Trust had a return on equity of 7.92% and a net margin of 18.58%. The firm had revenue of $145.93 million for the quarter, compared to the consensus estimate of $116.93 million. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. On average, equities research analysts anticipate that Corporate Office Properties Trust will post $2.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.10 annualized dividend and a yield of 3.97%. Corporate Office Properties Trust’s payout ratio is 111.11%.

Several research analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Corporate Office Properties Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $33.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Corporate Office Properties Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, August 15th. Mizuho upped their price target on shares of 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, KeyCorp cut shares of Corporate Office Properties Trust to a “hold” rating in a report on Friday, July 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.14.

In other news, Director Robert L. Denton sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $29.49, for a total transaction of $58,980.00. Following the completion of the sale, the director now owns 306,500 shares of the company’s stock, valued at approximately $9,038,685. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David M. Jacobstein sold 1,924 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $28.36, for a total transaction of $54,564.64. Following the sale, the director now directly owns 9,243 shares of the company’s stock, valued at approximately $262,131.48. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Corporate Office Properties Trust Company Profile

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