Tudor Investment Corp Et Al Cuts Stock Holdings in Corporate Office Properties Trust (NYSE:OFC)


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Tudor Investment Corp Et Al trimmed its position in shares of Corporate Office Properties Trust (NYSE:OFC) by 53.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,540 shares of the real estate investment trust’s stock after selling 13,010 shares during the quarter. Tudor Investment Corp Et Al’s holdings in Corporate Office Properties Trust were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Corporate Office Properties Trust during the 4th quarter worth $28,000. Harvest Fund Management Co. Ltd purchased a new position in Corporate Office Properties Trust during the 4th quarter worth $82,000. Van ECK Associates Corp boosted its holdings in shares of Corporate Office Properties Trust by 23.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,405 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 647 shares during the last quarter. Globeflex Capital L P boosted its holdings in shares of Corporate Office Properties Trust by 56.2% in the 4th quarter. Globeflex Capital L P now owns 5,371 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,932 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Corporate Office Properties Trust in the 4th quarter worth about $206,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

OFC has been the topic of a number of research analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $30.00 in a report on Tuesday, December 15th. Wells Fargo & Company raised shares of Corporate Office Properties Trust from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $30.00 in a report on Thursday, December 10th. Truist raised shares of Corporate Office Properties Trust from a “hold” rating to a “buy” rating in a report on Monday, March 15th. Mizuho raised shares of Corporate Office Properties Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $30.00 in a report on Monday, January 11th. Finally, Smith Barney Citigroup upgraded Corporate Office Properties Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.92.

Shares of OFC opened at $27.04 on Thursday. The business’s 50-day moving average price is $26.75 and its 200-day moving average price is $25.71. Corporate Office Properties Trust has a twelve month low of $20.93 and a twelve month high of $28.50. The stock has a market cap of $3.03 billion, a PE ratio of 53.02, a P/E/G ratio of 2.45 and a beta of 1.00. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.32.

Corporate Office Properties Trust (NYSE:OFC) last announced its quarterly earnings results on Wednesday, February 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.02). Corporate Office Properties Trust had a net margin of 9.67% and a return on equity of 3.49%. Analysts expect that Corporate Office Properties Trust will post 2.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, March 30th. Corporate Office Properties Trust’s dividend payout ratio is presently 54.19%.

In related news, CAO Greg J. Thor sold 3,880 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $28.01, for a total value of $108,678.80. Also, Director Robert L. Denton sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $27.06, for a total transaction of $40,590.00. Following the completion of the transaction, the director now owns 3,986 shares in the company, valued at $107,861.16. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Corporate Office Properties Trust Profile

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 (ÂITÂ) related activities servicing what it believes are growing, durable, priority missions (ÂDefense/IT LocationsÂ).

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Institutional Ownership by Quarter for Corporate Office Properties Trust (NYSE:OFC)

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