Corporate Office Properties Trust (OFC) Stock Price, News & Analysis

Company Overview

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 June 30, 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% leased.

Key Stats

• Today's Range: N/A
• 50-Day Range: $24.41 to $26.74
• 52-Week Range: N/A
• Volume: 542,700 shs
• Average Volume: 733,029 shs
• Market Capitalization: $2.81 billion
• P/E Ratio: 14.76
• Dividend Yield: 4.57%
• Price Target: N/A
• Consensus Rating: N/A

Corporate Office Properties Trust Stock Analysis - MarketRank™

Corporate Office Properties Trust scored higher than 47% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Corporate Office Properties Trust.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 3.73%

Earnings Growth

Earnings for Corporate Office Properties Trust are expected to grow by 3.73% in the coming year, from $2.41 to $2.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Corporate Office Properties Trust is 14.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Corporate Office Properties Trust is 14.76, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 223.68.

Price to Earnings Growth Ratio

Corporate Office Properties Trust has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for OFC.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Corporate Office Properties Trust is a leading dividend payer. It pays a dividend yield of 4.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Corporate Office Properties Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Corporate Office Properties Trust is 67.46%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Corporate Office Properties Trust will have a dividend payout ratio of 45.60% next year. This indicates that Corporate Office Properties Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -2.79

Short Interest

There is no current short interest data available for OFC.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

3 people have searched for OFC on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Corporate Office Properties Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.87% of the stock of Corporate Office Properties Trust is held by insiders.

OFC Stock Analysis - Frequently Asked Questions

How were Corporate Office Properties Trust's earnings last quarter?

Corporate Office Properties Trust (NYSE:OFC) released its earnings results on Friday, July, 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.59 by $0.32. The company's quarterly revenue was down 8.9% on a year-over-year basis.

What other stocks do shareholders of Corporate Office Properties Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corporate Office Properties Trust investors own include Meta Platforms (META), Chevron (CVX), NVIDIA (NVDA), Verizon Communications (VZ), CVS Health (CVS), Tesla (TSLA) and Extra Space Storage (EXR).

Company Calendar

• Last Earnings: 7/28/2023
• Today: 1/21/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Real Estate
• Industry: REIT - Office
• Sub-Industry: Office REITs
• Current Symbol: NYSE:OFC
• CUSIP: 22002T10
• CIK: 860546
• Web: www.copt.com
• Phone: (443) 285-5400
• Fax: 443-285-7650
• Employees: 395
• Year Founded: 1988

Profitability

• EPS (Most Recent Fiscal Year): $1.69
• Trailing P/E Ratio: 14.76
• Forward P/E Ratio: N/A
• P/E Growth: 0.94
• Net Income: $173.03 million
• Net Margins: 27.43%
• Pretax Margin: 28.29%
• Return on Equity: 10.93%
• Return on Assets: 4.49%

Debt

• Debt-to-Equity Ratio: 1.22
• Current Ratio: 2.10
• Quick Ratio: 2.10

Sales & Book Value

• Annual Sales: $739.03 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 9.61
• Book Value: $15.31 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 112,540,000
• Free Float: 111,556,000
• Market Cap: $2.81 billion
• Optionable: Optionable
• Beta: 1.03