Home News Stock in the Spotlight: Corporate Office Properties Trust (NYSE: OFC)

Stock in the Spotlight: Corporate Office Properties Trust (NYSE: OFC)

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Corporate Office Properties Trust trades as part of the REITs industry and is part of the real estate sector. The company CEO is Stephen E. Budorick. Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust. Its portfolio comprises of office buildings in the Baltimore-Washington Corridor and Northern Virginia area.

Previous Intraday Trading Performance:

The OFC stock showed a previous change of -0.21% with an open at 28.08 and a close of 27.93. It reached an intraday high of 28.20 and a low of 27.55.

SeekingAlpha:  REITweek kicks off

Liquidity:

The stock has a market cap of $3.1b with 111.9m shares outstanding, of which the float is 110.4m shares. Trading volume reached 535,790 shares compared to its average volume of 560,691 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Corporate Office Properties Trust shares returned 1.09% and in the past 30 trading days it returned 1.56%. Over three months, it changed 9.77%. In one year it has changed 6.47% and within that year its 52-week high was 31.01 and its 52-week low was 20.04. OFC stock is 39.41% above its 52 Week Low.

Our calculations show a 200 day moving average of 26.31 and a 50 day moving average of 27.69. Currently OFC stock is trading 6.15% above its 200 day moving average.

SeekingAlpha:  REITweek kicks off

Earnings:

The last annual fiscal EPS for the company was reported at 0.69 that ended on 31st of December 2018, which according to the previous close, that is a PE of 40.48. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.49. The TTM EPS is 2.00, which comes to a TTM PE of 13.96.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/30/2019): 0.19
4thQtr of 2018 (Reported on 02/07/2019): 0.16
3rdQtr of 2018 (Reported on 10/25/2018): 0.18
2ndQtr of 2018 (Reported on 07/26/2018): 0.19
1stQtr of 2018 (Reported on 04/26/2018): 0.17

The dividend per share is currently 1.10, which is a dividend yield of 3.94%. Also, the payout ratio is 55.00%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 36.68, which means it is possibly undervalued and has a margin of safety of 23.85%.

Indicators to Watch:

Short-interest was 1,593,884, which was 1.42% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.56. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.96.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 5.36%, return on assets is 2.21%, profit margin is 14.50%, price-to-sales is 5.48 and price-to-book is 1.95.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 4  :Past Performance Score
 2  :Financial Strength Score
 0  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.