Sei Investments Co. Has $11.97 Million Position in Corporate Office Properties Trust (NYSE:OFC)

Sei Investments Co. boosted its position in Corporate Office Properties Trust (NYSE:OFC) by 36.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 341,677 shares of the real estate investment trust’s stock after buying an additional 90,502 shares during the period. Sei Investments Co. owned about 0.35% of Corporate Office Properties Trust worth $11,969,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Corporate Office Properties Trust by 5,196.2% in the first quarter. BlackRock Inc. now owns 10,192,603 shares of the real estate investment trust’s stock worth $337,374,000 after buying an additional 10,000,151 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Corporate Office Properties Trust during the first quarter worth about $7,965,000. Texas Permanent School Fund boosted its position in shares of Corporate Office Properties Trust by 3.4% in the first quarter. Texas Permanent School Fund now owns 71,440 shares of the real estate investment trust’s stock worth $2,365,000 after buying an additional 2,325 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Corporate Office Properties Trust by 4.1% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 17,004 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 673 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Corporate Office Properties Trust during the first quarter worth about $315,000.

Shares of Corporate Office Properties Trust (NYSE OFC) traded up 0.24% during midday trading on Friday, reaching $32.77. 1,041,340 shares of the company’s stock were exchanged. The stock has a market cap of $3.25 billion, a P/E ratio of 44.95 and a beta of 0.83. Corporate Office Properties Trust has a one year low of $24.92 and a one year high of $36.03. The company’s 50-day moving average is $33.76 and its 200-day moving average is $33.69.

Corporate Office Properties Trust (NYSE:OFC) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $151.44 million during the quarter, compared to the consensus estimate of $138.04 million. Corporate Office Properties Trust had a return on equity of 6.55% and a net margin of 15.86%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. Equities analysts expect that Corporate Office Properties Trust will post $0.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, September 28th. Corporate Office Properties Trust’s payout ratio is 150.68%.

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OFC has been the topic of several research analyst reports. Mizuho cut shares of Corporate Office Properties Trust from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Corporate Office Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Stifel Nicolaus cut shares of Corporate Office Properties Trust from a “hold” rating to a “sell” rating and lowered their target price for the company from $33.00 to $29.00 in a research note on Tuesday, August 1st. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and set a $36.00 target price on shares of Corporate Office Properties Trust in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Corporate Office Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Corporate Office Properties Trust presently has an average rating of “Hold” and a consensus price target of $33.29.

In related news, Director Robert L. Denton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $34.51, for a total transaction of $69,020.00. Following the completion of the sale, the director now directly owns 294,500 shares in the company, valued at $10,163,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven D. Kesler sold 3,637 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total value of $128,749.80. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

About Corporate Office Properties Trust

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.

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

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