Type
|
Real estate investment trust |
---|---|
Traded as | NYSE: OFC S&P 400 component |
Headquarters | Columbia, Maryland |
Key people
|
Stephen E. Budorick, President & CEO Thomas F. Brady, Chairman |
Revenue | $0.574 billion (2016) |
Net income
|
$0.015 billion (2016) |
Total assets | $3.780 billion (2016) |
Total equity | $1.594 billion (2016) |
Number of employees
|
376 (2016) |
Website | copt |
Corporate Office Properties Trust is a real estate investment trust that invests in office buildings, primarily in the suburbs of the Washington, D.C. metropolitan area and primarily leased to the U.S. government or companies in the arms industry.
As of December 31, 2016, the company owned 164 office properties totaling 17.2 million square feet, 11 office properties under construction, and 1,028 acres of land held for development.
The company's largest tenants are as follows:
The company was founded in 1988 by Clay W. Hamlin III as Royale Investments, Inc.
In 1991, the company became a public company via an initial public offering.
In 1997, the company merged with Shidler Group, founded by Jay H. Shidler, and changed its name to Corporate Office Properties Trust.
In 1998, the company acquired 16 buildings from Constellation Energy in exchange for a 41.5% stake in the company. Constellation sold its stake in the company in 2002.
In 2001, the company acquired an office complex in Chantilly, Virginia for $58.3 million.
In 2005, Randall M. Griffin became chief executive officer of the company. The company also acquired 6 one-story buildings in Columbia, Maryland for $26.0 million and 21 buildings in Baltimore County for $124.5 million.
In 2006, the company acquired 3 office buildings in Colorado for $43.6 million and a 55-property portfolio in Baltimore County for $362.5 million. The company also sold an office and retail complex in Baltimore for $20.3 million.
In 2009, the company acquired Canton Crossing for $125 million.
In 2010, the company acquired 2 buildings in Falls Church, Virginia for $43 million.
In 2015, the company acquired an office building in Baltimore, Maryland for $63.5 million.
In 2016, the company sold an office complex in Blue Bell, Pennsylvania for $142.7 million.
In 2017, the company announced the sale of assets in Virgnia for $53 million.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2023-02-06 | Future report Set alerts | |
Q2 2022 | 2022-07-28 | 0.29 | 0.29 |
Q1 2022 | 2022-04-28 | 0.52 | 0.52 |
Q4 2021 | 2022-02-10 | 0.12 | 0.12 |
Q3 2021 | 2021-10-28 | 0.24 | 0.24 |
Q2 2021 | 2021-07-29 | 0.38 | 0.38 |
Q1 2021 | 2021-04-29 | -0.06 | -0.06 |
Q4 2020 | 2021-02-04 | 0.52 | 0.52 |
Q3 2020 | 2020-10-29 | 0.00 | 0.00 |
Q2 2020 | 2020-07-30 | 0.21 | 0.21 |
2016-05-05 | Reiterated Rating | Mizuho | Buy | $25.00 to $30.00 |
2016-04-12 | Upgrade | Credit Suisse | Neutral to Outperform | $23.50 to $29.00 |
2016-04-12 | Upgrade | Credit Suisse Group AG | Neutral to Outperform | $23.50 to $29.00 |
2016-03-21 | Boost Price Target | Evercore ISI | $25.00 | |
2016-03-07 | Reiterated Rating | Jefferies Group | Hold | $22.00 to $23.00 |
2016-02-17 | Upgrade | Stifel Nicolaus | Sell to Hold | |
2016-01-25 | Upgrade | Mizuho | Neutral to Buy | $23.00 to $25.00 |
2015-12-29 | Reiterated Rating | Stifel Nicolaus | Sell | $21.00 to $20.00 |
2015-12-23 | Lower Price Target | Stifel Nicolaus | Sell | $21.00 to $20.00 |
2015-10-26 | Lower Price Target | Jefferies Group | Hold | $23.00 |
2015-10-01 | Upgrade | Cowen and Company | Buy | $30.50 to $29.00 |
2015-09-21 | Boost Price Target | Mizuho | Neutral | $22.00 to $23.00 |
2015-09-14 | Lower Price Target | KeyBanc | $32.00 to $30.00 | |
2015-09-14 | Lower Price Target | KeyCorp | $32.00 to $30.00 | |
2015-09-08 | Reiterated Rating | Evercore ISI | Hold | $27.00 to $24.00 |
2015-09-08 | Lower Price Target | Evercore Partners Inc. | Hold | $27.00 to $24.00 |
2015-09-01 | Lower Price Target | Mizuho | Neutral | $25.00 to $22.00 |
2015-08-20 | Upgrade | Credit Suisse | Underperform to Neutral | $25.00 to $25.50 |
2015-08-18 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $31.00 to $27.00 |
2015-07-30 | Lower Price Target | RBC Capital | Sector Perform | $30.00 to $26.00 |
2015-07-30 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $30.00 to $26.00 |
2015-07-29 | Downgrade | Stifel Nicolaus | Buy to Hold | $21.00 to $21.00 |
2015-07-01 | Lower Price Target | Jefferies Group | Hold | $26.00 |
2015-06-05 | Lower Price Target | Raymond James | Outperform | $33.00 to $30.50 |
2015-06-05 | Lower Price Target | Raymond James Financial Inc. | Outperform | $33.00 to $30.50 |
2015-05-07 | Reiterated Rating | Robert W. Baird | Outperform | $33.00 to $32.00 |
2015-04-29 | Downgrade | Stifel Nicolaus | Buy to Hold | |
2015-03-18 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $29.00 to $31.00 |
2015-02-23 | Upgrade | Stifel Nicolaus | Hold to Buy | $35.00 |
2015-01-23 | Upgrade | Cowen and Company | Market Perform to Outperform | |
2015-01-14 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2015-01-14 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2015-01-13 | Upgrade | Robert W. Baird | Neutral to Outperform | $28.00 to $32.00 |
2015-01-07 | Upgrade | Raymond James | Market Perform to Outperform | |
2014-12-15 | Initiated Coverage | Mizuho | Neutral | $30.00 |
2014-11-11 | Initiated Coverage | Credit Suisse | Underperform | |
2014-10-21 | Initiated Coverage | SunTrust | Buy | |
2014-10-21 | Initiated Coverage | SunTrust Banks Inc. | Buy | |
2014-10-03 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $29.00 to $28.00 |
2014-09-11 | Initiated Coverage | Capital One Financial Corp. | Overweight | $33.00 |
2014-07-22 | Boost Price Target | Jefferies Group | $25.00 to $28.00 | |
2014-04-30 | Reiterated Rating | Robert W. Baird | Neutral | $28.00 |
2014-04-29 | Reiterated Rating | Evercore ISI | Equal Weight | $28.00 |
2014-04-14 | Downgrade | Evercore ISI | Buy to Neutral | $27.00 |
2014-02-13 | Downgrade | Stifel Nicolaus | Buy | $28.00 to $30.00 |
2014-01-07 | Reiterated Rating | Wells Fargo & Co. | ||
2014-01-07 | Reiterated Rating | Wells Fargo | ||
2013-12-19 | Upgrade | KeyBanc | Hold to Buy | |
2013-11-18 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $34.00 to $24.00 |
2013-11-08 | Upgrade | Bank of America | Neutral to Buy | |
2013-10-29 | Downgrade | Stifel Nicolaus | Buy to Hold | $31.00 |
2011-07-20 | Upgrade | Stifel Nicolaus | Sell to Buy | $33 |
2010-11-03 | Upgrade | FBR Capital | Mkt Perform to Outperform | $38 |
2010-05-21 | Reiterated | RBC Capital Mkts | Top Pick | $50 to $51 |
2010-03-18 | Initiated | KeyBanc Capital Mkts | Hold | |
2010-02-12 | Upgrade | Wells Fargo | Underperform to Market Perform |
2016-05-05 | Reiterated Rating | Mizuho | Buy | $25.00 to $30.00 |
2016-04-12 | Upgrade | Credit Suisse | Neutral to Outperform | $23.50 to $29.00 |
2016-04-12 | Upgrade | Credit Suisse Group AG | Neutral to Outperform | $23.50 to $29.00 |
2016-03-21 | Boost Price Target | Evercore ISI | $25.00 | |
2016-03-07 | Reiterated Rating | Jefferies Group | Hold | $22.00 to $23.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In OFC 195 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 16.82M |
Vanguard Group, Inc | 16.74M |
STATE STREET CORP | 6.66M |
FMR LLC | 5.89M |
EARNEST PARTNERS LLC | 5.39M |
VICTORY CAPITAL MANAGEMENT INC | 4.54M |
Resolution Capital Ltd | 4.44M |
BlackRock Fund Advisors | 4.18M |
BlackRock Institutional Trust Company, N.A. | 3.93M |
COHEN & STEERS CAPITAL MANAGEMENT INC | 3.16M |
WESTWOOD HOLDINGS GROUP INC | 2.71M |
Channing Capital Management, LLC | 2.45M |
GEODE CAPITAL MANAGEMENT, LLC | 2.25M |
BANK OF AMERICA CORP /DE/ | 2.24M |
NORTHERN TRUST CORP | 2.06M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
WAESCHE ROGER A JR President | 0.33% (293060) | OFC / |
BUDORICK STEPHEN E EVP & COO | 0.12% (104842) | OFC / |
RIFFE STEPHEN EDWARD EVP and CFO | 0.12% (103980) | OFC / WRE / |
SINGER KAREN M SVP, General Counsel & Sec | 0.07% (57180) | OFC / |
Mifsud Anthony EVP and CFO | 0.06% (49485) | OFC / |
LINGAFELTER WAYNE President of Affiliate | 0.05% (46092) | OFC / |
Adkins Paul R Executive Vice President &COO | 0.04% (38126) | OFC / |
SHIDLER JAY H Trustee | 0.04% (36390) | OFC / |
KESLER STEVEN D | 0.03% (29765) | OFC / |
PICKETT C TAYLOR | 0.03% (23528) | OFC / OHI / |
SZAFRANSKI RICHARD | 0.03% (22120) | OFC / |
BRADY THOMAS F | 0.03% (22120) | OFC / |
Hight Elizabeth Ann | 0.02% (20787) | OFC / |
Thor Greg J SVP--CAO & Controller | 0.02% (20527) | OFC / |
HAWKINS PHILIP L | 0.01% (12766) | DCT / OFC / |
OMEGA HEALTHCARE INVESTORS INC | 0.01% (11798) | OFC / OHI / |
HAMLIN CLAY W III | 0.01% (11390) | OFC / |
WETHE KENNETH D | 0.01% (11280) | OFC / |
JACOBSTEIN DAVID M | 0.01% (8633) | OFC / |
Trimberger Lisa G | 0.01% (6000) | OFC / |