OFC
Corporate Office Properties Trust
Set alert
52-week range unavailable
- Open
- 24.78
- Prev close
- 24.94
- Mkt cap
- 2.99B
- Vol
- 542.78K
- Avg vol
- 0
- EPS
- 0.00
- P/E
- 0.00
- Div yield
- 4.48%
More statistics
- Low
- 24.74
- High
- 25.02
- Forward P/E
- 20.98
- Beta
- 1.04
- Short ratio
- 4.36
- Inst. own
- 108.43%
- Dividend
- 1.14
- Ex-div date
- Jun 28, 2023
- Earnings
- Oct 26, 2023
- 50-d avg
- 23.64
- 200-d avg
- 24.86
- 1y target
- 28.56
Key statistics
- Market cap
- 2.99B
- Enterprise value
- 5.07B
- Trailing P/E
- 15.42
- Forward P/E
- 20.98
- PEG ratio
- 2.19
- Price / sales
- 4.20
- Price / book
- 1.67
- EPS (TTM)
- 1.66
- Beta
- 1.04
- Dividend yield
- 4.48%
- Payout ratio
- 65.29%
- Profit margin
- 27.04%
- Revenue (TTM)
- 711.84M
- Revenue growth
- -14.70%
- Free cash flow
- 232.19M
- Total cash
- 17.38M
- Total debt
- 2.16B
- Return on equity
- 11.30%
- Shares outstanding
- 112.51M
- Short % of float
- 3.49%
- 50-day average
- 23.64
- 200-day average
- 24.86
Analyst view
Consensus: buy
- Target (low)
- 24.00
- Target (mean)
- 28.56
- Target (high)
- 35.00
- Strong buy3
- Buy0
- Hold9
- Sell0
- Strong sell1
Next earnings
Oct 26, 2023
Expected Oct 26, 2023. Consensus EPS estimate 0.29.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Oct 26, 2023 | Sep 1, 2023 | 0.60 | — | — | — |
| Jul 27, 2023 | Jun 1, 2023 | 0.59 | — | — | — |
| Apr 27, 2023 | Mar 1, 2023 | 0.57 | — | — | — |
| Feb 9, 2023 | Dec 1, 2022 | 0.59 | — | — | — |
| Oct 27, 2022 | Sep 1, 2022 | 0.58 | — | — | — |
| Jul 28, 2022 | Jun 1, 2022 | 0.58 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 13, 2023 | Wells Fargo | main | — | Overweight |
| May 31, 2023 | Truist Securities | main | Hold | Hold |
| Mar 23, 2023 | Raymond James | main | — | Outperform |
| Mar 16, 2023 | Wells Fargo | main | — | Overweight |
| Nov 22, 2022 | Wells Fargo | main | — | Overweight |
| Oct 18, 2022 | Wells Fargo | main | — | Overweight |
About Corporate Office Properties Trust
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is 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 the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of March 31, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95.1% leased.
- Sector
- Real Estate
- Industry
- REIT—Office
- Country
- United States
- Website
- copt.com
News
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BRADY THOMAS F | Director | Stock Award(Grant) | May 10, 2023 | 44,876 |
| BUDORICK STEPHEN E | Chief Executive Officer | Stock Award(Grant) | Feb 2, 2021 | 194,281 |
| DENTON ROBERT L | Director | Conversion of Exercise of derivative security | May 21, 2023 | 0 |
| JACOBSTEIN DAVID M | Director | Sale | Jun 3, 2021 | 9,567 |
| KESLER STEVEN D | Director | Stock Award(Grant) | May 10, 2023 | 43,032 |
| MILLER ESSYE B. | Director | Stock Award(Grant) | May 10, 2023 | 7,353 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 15.14% | 17,029,681 | 435.79M | Mar 30, 2023 |
| Blackrock Inc. | 15.12% | 17,014,305 | 435.40M | Mar 30, 2023 |
| State Street Corporation | 6.07% | 6,827,999 | 174.73M | Mar 30, 2023 |
| Barrow, Hanley Mewhinney & Strauss, LLC | 5.26% | 5,919,814 | 151.49M | Mar 30, 2023 |
| FMR, LLC | 4.86% | 5,466,997 | 139.90M | Mar 30, 2023 |
| Earnest Partners LLC | 4.77% | 5,362,806 | 137.23M | Mar 30, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Specialized-Real Estate Index Fund | 4.46% | 5,013,689 | 128.30M | Jan 30, 2023 |
| iShares Core S&P Midcap ETF | 3.11% | 3,498,062 | 89.52M | Feb 27, 2023 |
| Vanguard Total Stock Market Index Fund | 3.05% | 3,428,173 | 87.73M | Dec 30, 2022 |
| Victory Portfolios-Sycamore Small Company Opportunity Fund | 2.67% | 2,998,900 | 76.74M | Dec 30, 2022 |
| Vanguard Small-Cap Index Fund | 2.57% | 2,896,364 | 74.12M | Dec 30, 2022 |
| iShares Russell 2000 ETF | 2.20% | 2,469,943 | 63.21M | Feb 27, 2023 |