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OFC $24.94

OFC target price
24.94
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0
Corporate Office Properties Trust
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 Decrease $0.574 billion (2016)
Net income
Decrease $0.015 billion (2016)
Total assets Decrease $3.780 billion (2016)
Total equity Decrease $1.594 billion (2016)
Number of employees
376 (2016)
Website copt.com

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.

Q reports

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

Ratings

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

Major Shareholders

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 /