Corporate Office Properties Trust (OFC)

NYSE: OFC · IEX Real-Time Price · USD
26.75
0.14 (0.53%)
May 20, 2022 4:00 PM EDT - Market closed
Market Cap3.05B
Revenue (ttm)698.20M
Net Income (ttm)142.53M
Shares Out113.84M
EPS (ttm)1.27
PE Ratio21.10
Forward PEn/a
Dividend$1.10 (4.11%)
Ex-Dividend DateJun 29, 2022
Volume1,486,474
Open26.72
Previous Close26.61
Day's Range26.45 - 26.88
52-Week Range23.89 - 30.51
Beta0.99
AnalystsBuy
Price Target32.18 (+20.3%)
Earnings DateApr 28, 2022

About OFC

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 it believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/B...

IndustryEquity Real Estate Investment Trusts (REITs)
CEOStephen Budorick
Employees405
Stock ExchangeNYSE
Ticker SymbolOFC
Full Company Profile

Financial Performance

In 2021, OFC's revenue was $664.45 million, an increase of 14.10% compared to the previous year's $582.35 million. Earnings were $76.54 million, a decrease of -21.39%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for OFC stock is "Buy." The 12-month stock price forecast is 32.18, which is an increase of 20.30% from the latest price.

Price Target
$32.18
(20.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

COPT Declares 98th Consecutive Common Dividend

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per com...

1 week ago - Business Wire

Corporate Office Properties (OFC) Tops Q1 FFO and Revenue Estimates

Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.75% and 16.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

COPT 1Q 2022 Results Exceed Guidance

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the first quarter ended March 31, 2022. Management Comments Stephen E. Budor...

3 weeks ago - Business Wire

RTL vs. OFC: Which Stock Is the Better Value Option?

RTL vs. OFC: Which Stock Is the Better Value Option?

Other symbols:RTL
3 weeks ago - Zacks Investment Research

COPT Provides Conference Call Details to Discuss 1Q 2022 Results

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss first quar...

1 month ago - Business Wire

Fiscal Year 2022 Defense Budget Appropriated

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) reports that Congress recently passed an omnibus appropriations bill to fund the U.S. Government's...

1 month ago - Business Wire

COPT to Present at Citi's 2022 Global Property CEO Conference

COLUMBIA, Md.--(BUSINESS WIRE)--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 a...

2 months ago - Business Wire

COPT Declares 97th Consecutive Common Dividend

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per com...

2 months ago - Business Wire

Corporate Office Properties (OFC) Surpasses Q4 FFO and Revenue Estimates

Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.75% and 8.64%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

COPT Establishes 2022 Guidance

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) is establishing the following guidance for the year ending December 31, 2022: Diluted earnings per...

3 months ago - Business Wire

COPT 4Q and Full Year 2021 Results Exceed Guidance

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the fourth quarter and full year ended December 31, 2021. Management Comment...

3 months ago - Business Wire

COPT Announces Tax Treatment of 2021 Distributions

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) announced the 2021 tax treatment of its Common share distributions as described below. Shareholders ...

3 months ago - Business Wire

COPT Sells DC-6 for $222.5 Million

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) has sold 100% of COPT DC-6 (“DC-6”), the only asset in the Company's Wholesale Data Center reporti...

3 months ago - Business Wire

COPT Provides Conference Call Details to Discuss 4Q and YE 2021 Results and Management's 2022 Outlook

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss fourth qua...

4 months ago - Business Wire

OFC vs. CCI: Which Stock Is the Better Value Option?

OFC vs. CCI: Which Stock Is the Better Value Option?

Other symbols:CCI
5 months ago - Zacks Investment Research

After Plunging 7.4% in 4 Weeks, Here's Why the Trend Might Reverse for Corporate Office Properties (OFC)

Corporate Office Properties (OFC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising ear...

5 months ago - Zacks Investment Research

COPT Declares 96th Consecutive Common Dividend

COLUMBIA, Md.--(BUSINESS WIRE)--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 com...

6 months ago - Business Wire

COPT Publishes 2021 ESG Report

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) has posted its 2021 Corporate Sustainability Report (the “2021 ESG Report”) in the ‘Latest Updates' ...

6 months ago - Business Wire

OFC vs. CCI: Which Stock Should Value Investors Buy Now?

OFC vs. CCI: Which Stock Is the Better Value Option?

Other symbols:CCI
6 months ago - Zacks Investment Research

Corporate Office Properties Prices $400 Million of 2.900% Senior Notes due 2033

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its operating partnership, Corporate Office Properties, L.P. (the “Operating Partne...

6 months ago - Business Wire

Corporate Office Properties (OFC) Tops Q3 FFO and Revenue Estimates

Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.79% and 7.05%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

COPT Executes 67,800 SF Lease with the U.S. Government at 310 Sentinel Way in The National Business Park

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) executed a lease with the U.S. Government for 67,800 square feet at 310 Sentinel Way (“310 NBP”). ...

6 months ago - Business Wire

COPT Executes Build-to-Suit Lease with Northrop Grumman at Redstone Gateway

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) executed two build-to-suit leases with Northrop Grumman Corporation (“Northrop Grumman”), one of t...

6 months ago - Business Wire

COPT Reports Third Quarter 2021 Results

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the third quarter ended September 30, 2021. Management Comments Stephen E. B...

6 months ago - Business Wire

COPT Provides Conference Call Details for Third Quarter 2021 Results

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the release date and conference call details for third quarter 2021 results as follows: ...

7 months ago - Business Wire