OFC - Corporate Office Properties Trust
| Previous Close | 19.82 |
| Open | 19.58 |
| Bid | 5.97 x 1000 |
| Ask | 20.54 x 1000 |
| Day's Range | 19.33 - 20.63 |
| 52 Week Range | 15.23 - 30.57 |
| Volume | 1,236,231 |
| Avg. Volume | 800,785 |
| Market Cap | 2.311B |
| Beta (5Y Monthly) | 1.02 |
| PE Ratio (TTM) | 12.03 |
| EPS (TTM) | 1.71 |
| Earnings Date | Apr 29, 2020 |
| Forward Dividend & Yield | 1.10 (5.55%) |
| Ex-Dividend Date | Mar 29, 2020 |
| 1y Target Est | 29.00 |
- Business Wire
COPT Announces First Quarter 2020 Earnings Conference Call
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) announces its first quarter 2020 earnings release and conference call will take place as follows:
- Business Wire
COPT Launches Webpage on Sustainability
Since 2003, Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) has been committed to providing leadership in environmental, social, and governance ("ESG") matters and, in the past five consecutive years, has earned a Green Star rating for its GRESB submittals. To more efficiently communicate sustainability achievements, the Company has launched a new webpage dedicated to ESG on its Investors website as follows:
- Insider Monkey
Hedge Funds Were Flocking Into Corporate Office Properties Trust (OFC) Before The Coronavirus
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- Simply Wall St.
Is Now The Time To Look At Buying Corporate Office Properties Trust (NYSE:OFC)?
Corporate Office Properties Trust (NYSE:OFC), which is in the reits business, and is based in United States, saw a...
- American City Business Journals
Amazon Web Services on the fast track with its latest Loudoun data center
Amazon Web Services is eyeing fast-track approval for its latest Loudoun County data center just as mass teleworking brought on by the novel coronavirus is creating rising demand for the cloud. The Amazon.com Inc. (NASDAQ: AMZN) cloud computing subsidiary submitted the application last week to build three data centers totaling just shy of 300,000 square feet across 90 acres in the South Riding area — land formerly owned by Inova Health System Foundation that Amazon bought last year for $116.4 million.
- TipRanks
BTIG: 3 High-Yield Dividend Stocks to Weather the Market Storm
The stock markets are setting new records again, but not the good kind. Yesterday’s trading session opened with a point drop steep enough to trigger the stop-trading circuit breaker system, and by the end of the day the S&P was down 12% and the Dow Jones had fallen 13%. Once again, it was the worst single-day loss since the financial crisis of 2008. It is, as they say, interesting times.The view on Wall Street attributes the sell-off to worries that the Fed has used up all of its resources in the initial stage of the bear market, and will not be able to intervene if markets continue to deteriorate. Terence Wong, CEO of Azure Capital, said as much in comments to the Wall Street Journal: “It’s basically using up all of their ammunition within a three-week span. There’s nothing left. They can’t use monetary loosening as part of their arsenal anymore.”But that doesn’t mean you can’t still make money trading stocks. Bear markets are on us, but they bring with them opportunities to buy into fundamentally sound investments, and at discount prices. Investors can choose from a range of strategies to take advantage of falling markets; one of the simplest is just to buy low in a segment offering high returns.BTIG has just released a report that highlights exactly the kind of stocks you want to be thinking about right now. These are ‘high quality’ dividend stocks specially selected by the firm. And by ‘high-quality’ BTIG means stocks with the 'highest conviction.' In other words, these stocks are the best-positioned to 1) withstand an economic deterioration; and 2) diminishing equity returns. Let's take a closer look:Fortress Transportation and Infrastructure (FTAI)We’ll start with a company that offers a variation on the usual REIT. Fortress acquired properties and assets in transportation infrastructure. The company’s assets include aircraft and jet engines, oil distribution terminals, power plants, and railroad tanker cars. Fortress’ income stream comes primarily from leasing out equipment assets.FTAI’s Q4 results included 12-cent EPS, well above the 7-cent forecast, and the third quarter in a row that beat the estimates. The company also announced a 33-cent quarterly dividend, giving the stock an extraordinary dividend yield of 15.4%. With the average dividend yield among S&P companies hovering near 2%, and Treasury bonds yielding below 1%, there is quite simply no comparison between FTAI’s return and the average.Analyst Giuliano Bologna, of BTIG, believes that FTAI has a clear path forward, especially based on its aviation assets. He writes, “FTAI has a pipeline of near-term catalysts that should drive substantial EBITDA and dividend upside… While FTAI shares have traded lower with airlines and other aircraft leasing companies, we believe FTAI is well positioned with the Company’s focus on CFM56 engines which are cheaper to operate and power narrow-body aircrafts… FTAI may have a greater advantage with the Company’s unique and proprietary ability to substantially reduce maintenance costs.”Bologna puts a $27 price target on FTAI shares, backing up his Buy rating and implying that the upside could reach an impressive 260%. (To watch Bologna’s track record, click here)Overall, FTAI shares have a Strong Buy analyst consensus rating, based on a lopsided mix of reviews: 5 Buy-sides, and only 1 Hold set in recent weeks. The stock is affordable, at just $8.60 per share, while the average price target suggests room for 181% growth to the upside. (See Fortress stock analysis on TipRanks)Corporate Office Properties Trust (OFC)As its name suggests, Corporate Office Properties Trust is an REIT focused on commercial properties, specifically office buildings. The majority of the company’s properties are located in a narrow corridor of Northern Virginia, Washington DC, and Maryland, with a large presence in the Washington Naval Yard, Baltimore, and College Park. Most of OFC’s tenants are US government agencies or contractors.Catering to the US government is a lucrative niche, especially in the Washington area, and OFC reported $40.3 million in funds from operations during Q4. Total net income was $42.8 million. Total revenue for the quarter beat the forecast, and came in at $157.8 million. Full year 2019 income came to $2.03 per share.OFC’s income stream supports a 27.5 cent quarterly dividend. At $1.10, the annualized payment gives a strong yield of 5.4%. OFC has held its dividend steady since 2012 – but has also not missed a payment. The payout ratio, at 55%, shows that the company can easily afford to keep up the dividend at the current yield and income levels – a good sign for investors seeking a reliable income stream.BTIG analyst Tom Catherwood sees an easy route for OFC continued profitability, writing of the company, “We expect increased DoD spending and incremental demand for cloud-based data center solutions (especially given recent work-from-home protocols) to drive leasing demand and development opportunities. Additionally, the counter-cyclical nature of DoD funding could positively impact both near-term revenue growth and long-term value creation upside for Corporate Office, even if we see further economic erosion.”In-line with his upbeat outlook on this company, Catherwood rates OFC shares a Buy. His $33 price target indicates his confidence a 67% upside for the stock. (To watch Catherwood’s track record, click here)With 3 Buy ratings against a single Hold, OFC shares have a Strong Buy rating from the analyst consensus. The stock is currently trading for $20.39, and the $32.75 average price target suggests a 60% upside for the next 12 months. (See OFC stock analysis at TipRanks)Getty Realty Corporation (GTY)The final stock on our list is Getty realty, an REIT with a unique niche. The company owns, leases, and finances convenience stores and gas stations across the US. Getty has 945 properties across the lower 48 states and Hawaii, of which 877 are fully owned and 68 are leased from third-party landlords. A majority of GTY’s properties are located in the Northeast.GTY reported Q4 revenues up 31% year-over-year, to $11.5 million, with full-year 2019 revenue growth at 22% to $36.4 million. Company management described 2019 as a ‘strong growth year,’ with 62 new customers in the final quarter.Along with revenue growth, GTY offers investors a steadily growing dividend; the company has been gradually increasing payments since 2017. At 37 cents, the quarterly dividend annualizes to $1.48, and gives a yield of 7.2%.GTY has kept a reliable dividend payment since 2011, and the payout ratio of 86% implies that the payment is affordable for the foreseeable future.BTIG’s Michael Gorman, rated 4-stars in the Tipranks database, gives GTY a $36 price target, suggesting the stock will grow 74% in the coming year and supporting his Buy rating. (To watch Gorman’s track record, click here)Backing this view, and outlining the company’s probably path for the near- to mid-term, Gorman writes, “As continued volatility in the market and concerns about the impact of COVID-19 play out, we think stable cash flows and strong balance sheets will be key traits investors will look for… GTY does not have exposure to some of the retail categories that we consider most at risk with COVID-19, including entertainment and restaurants... GTY’s low leverage gives management plenty of “dry powder” to pursue additional deals if they present themselves.”This stock’s Moderate Buy consensus view is based on 2 Buy ratings and 1 Sell. The average price target is $34, which indicates room for 66% upside potential in the coming 12 months. (See Getty Realty stock analysis at TipRanks)
- American City Business Journals
COPT executive steps down 'to pursue other interests'
Paul R. Adkins, chief operating officer of Corporate Office Properties Trust, stepped down Monday to "pursue other interests," effective immediately. The Columbia-based commercial real estate investment company's CEO Stephen E. Budorick made the announcement and said the change would be made at a time when the company recently hit a strong benchmark. Adkins was appointed COO and executive vice president of COPT in November 2016 after five years as a principal at the JBG Companies, a real estate investment and management group in Chevy Chase.
- Business Wire
COPT Announces COO Transition
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) announces that effective March 16, 2020, Paul R. Adkins, the Company’s Executive Vice President and Chief Operating Officer, is leaving the Company to pursue other interests.
- American City Business Journals
Real Estate Insider: Harbor East Whole Foods update; COPT's record year
Plus: Junior Achievement of Central Maryland expands and Harbor Point's new hotel starts taking reservations.
- Business Wire
Presentation Date/Time Updated: COPT to Present at Citi’s 2020 Global Property CEO Conference
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi’s 2020 Global Property CEO Conference.
- Business Wire
COPT to Present at Citi’s 2020 Global Property CEO Conference
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi’s 2020 Global Property CEO Conference. The presentation will be held on March 4, 2020 at 10:10 a.m. Eastern Time at The Diplomat Beach Resort in Hollywood, Florida.
- Business Wire
COPT Declares 89th Consecutive Common Dividend
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the first quarter ending March 31, 2020. The first quarter 2020 dividend represents an annualized amount of $1.10 per share, and is payable on April 15, 2020 to shareholders of record on March 31, 2020.
- Simply Wall St.
Corporate Office Properties Trust Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
A week ago, Corporate Office Properties Trust (NYSE:OFC) came out with a strong set of annual numbers that could...
- American City Business Journals
COPT draws an influential government agency to Patriot Ridge
The Defense Contract Audit Agency has signed a lease with the park's developer, Corporate Office Properties Trust (NYSE: OFC), for space at 7770 Backlick Road. The DCAA, which has oversight over defense contractors including its new landlord, plans to move its field audit branch office from Alexandria to Patriot Ridge, Defense department spokesman Christopher Sherwood said in an email. Sherwood declined to disclose how much space the agency will be leasing at 7770 Backlick Road or how much space it is vacating in Alexandria as part of the move.
- Thomson Reuters StreetEvents
Edited Transcript of OFC earnings conference call or presentation 7-Feb-20 5:00pm GMT
Q4 2019 Corporate Office Properties Trust Earnings Call
- Zacks
Corporate Office Properties (OFC) Meets Q4 FFO Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 0.00% and 0.45%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
COPT Establishes Full Year and 1Q 2020 Guidance
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) is establishing the following guidance for the year ending December 31, 2020:
- Business Wire
COPT Reports Fourth Quarter and Full Year 2019 Results
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) announced financial and operating results for the fourth quarter and full year ended December 31, 2019.
- Zacks
3 Top Dividend Stocks to Maximize Your Retirement Income - January 31, 2020
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
- Zacks
How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks - January 24, 2020
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
- Simply Wall St.
Boasting A 10% Return On Equity, Is Corporate Office Properties Trust (NYSE:OFC) A Top Quality Stock?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Zacks
3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - January 10, 2020
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
- GuruFocus.com
Weekly CEO Buys Highlight
BrightSphere Investment Group, OPKO Health, Corporate Office Properties Trust and GAMCO Investors Continue reading...
