The most recent 13F filing that the State of New Jersey Common Pension Fund D submitted with the SEC revealed that during the third quarter, the fund increased its holdings in Corporate Office Properties Trust (NYSE: OFC) by 2.4%. The institutional investor’s stock holdings in the real estate investment trust increased by 6,425 shares throughout the period that was specified, bringing the total number of shares held by him to 274,849 shares. During this period, The most recent filing with the SEC reveals that the State of New Jersey Common Pension Fund D owns approximately 0.24% of Corporate Office Properties Trust. This gives the investment a market value of $6,385,000.
During the past few months, various other institutional investors have each changed the interests they currently hold in the company. Point72 Hong Kong Ltd. made a $26,000 investment in Corporate Office Properties Trust during the second quarter of the fiscal year. In the second quarter, Lazard Asset Management LLC established a new investment of $27,000 in the Corporate Office Properties Trust. During the second quarter of this year, EverSource Wealth Advisors LLC invested in Corporate Office Properties Trust for $31,000. In addition, Pinebridge Investments L.P. increased the proportion of Corporate Office Properties Trust in which it is invested by 322.8% over the second quarter. After purchasing an additional 1,291 shares during the most recent quarter, Pinebridge Investments L.P. now owns 1,691 shares of the real estate investment trust, with a value of $44,000. This brings the total number of shares directly owned by the company to 1,691. And finally, during the second quarter, Venture Visionary Partners LLC increased its holdings in Corporate Office Properties Trust by purchasing additional shares for approximately 52,000 dollars. This was done to add to the company’s existing portfolio of investments.
Several market analysts have recently provided commentary on the OFC stock that was provided recently. The “sell” rating that StockNews.com had previously given to Corporate Office Properties Trust was changed to “hold” in a research report made public on December 6 and published by StockNews.com. JPMorgan Chase & Co. stated in a research report published on Thursday, December 1, that the price objective they have set for Corporate Office Properties Trust has been lowered to $29.00. The report was released on Thursday. Last but not least, in a research note dated November 22, Wells Fargo & Company raised their price objective for the investment from $26.00 to $29.00 and upgraded their rating of Corporate Office Properties Trust from “neutral” to “overweight.” The following are the recommendations that research analysts currently have for the stock: four hold ratings, two buy ratings, one sell rating, and three hold ratings. According to Bloomberg.com, the current recommendation for the company is “Hold,” and the price objective for the stock is currently pegged at $26.80. This information was derived from the website.
On Friday, the price at which shares of OFC were listed for trading was $27.77. The company’s current price is trading at $26.42, and its fifty-day and 200-day simple moving averages, respectively, are both at $26. The price of Corporate Office Properties Trust hit a low of $22.22 during the previous 52 weeks, while it reached a high of $29.64 during that same period. The company’s market capitalization is $3.12 billion, the price-to-earnings ratio is 23.14, and the beta value is 0.98. The current, quick, and debt-to-equity ratios all equal 1.78, and the debt-to-equity ratio comes in at 1.33. The current ratio, the quick ratio, and the debt-to-equity ratio all add up to 1.78.
In addition, the company has declared a quarterly dividend, which will be paid out on the seventeenth of this month. On Friday, December 30, a $0.275 dividend payment will be made to ” recorded shareholders.” This coming Thursday, December 29, is the ex-dividend day. This equates to a yield of 3.96 percent and an annual dividend payment of 1.10 dollars. The dividend payout ratio for Corporate Office Properties Trust is 91.67 percent.
A real estate investment trust, COPT is responsible for the ownership, management, leasing, development, and purchase of office and data center facilities. Most of its portfolio is focused on areas that assist the United States government and its contractors. Most of these contractors are engaged in activities associated with national security, defense, and information technology (I.T.)nter facilities. Most of its portfolio is focused on areas that assist the United States government and its contractors. The vast majority of these contractors are engaged in national security, defense, and information technology (I.T.) activities. This is done to support what the company views as expanding, long-term missions that are of the utmost importance (defense and I.T. locations) (defense and I.T. locations).