On April 15th there were 2,840,000 short shares. This is a 16.7% decrease from the total of 3,410,000 on March 31st. Around 2.5% of shares are shorted. The days-to-cover is currently 3.7 days based on an average daily volume of 757.400 shares.
Wall Street analysts forecast growth
In a report published on Thursday 16th March, a research firm began covering shares of Corporate Office Properties Trust. They gave the company a rating of 'hold.' The price of the stock rose $0.67 to $22.89 at midday on Friday. The company's average daily volume is 729,991 shares. The market cap is $2.58 billion. It has a price to earnings ratio of 14.96, and a beta value of 1.02. The debt-to equity ratio for the company is 1.30. It also has a quick ratio and current ratios of 1.68. The company's 50-day moving price is $23.75, and its 200 day moving price is $25.48. Corporate Office Properties Trust's 12 month low is $21.59, and its 12 month high is $28.69.
Dividends Increased by Corporate Office Properties Trust
A quarterly dividend was also declared by the company and paid out on Monday, 17th April. The dividend was paid to investors who had shares in their records on March 31st. This dividend became payable on Thursday, March 30, 2019. Corporate Office Properties Trust had previously paid a quarterly dividend of $0.28. This is a dividend of $1.14 per year and a yield of 4.98%. The payout ratio of Corporate Office Properties Trust is 74.51%.
Institutional Investors Take Interest in Corporate Office Properties Trust
Recently, several hedge funds and institutional investors changed their positions on the stock. SG Americas Securities LLC increased its holdings of shares of Corporate Office Properties Trust during the first quarter by 5.9%. SG Americas Securities LLC owns 41 616 shares of stock in the real estate trust valued at $987,000, after buying an additional 2,332 during the last quarter. Fort Washington Investment Advisors Inc. OH grew their holdings in Corporate Office Properties Trust during the first quarter. Fort Washington Investment Advisors Inc. OH owns 1,071,921 of the stock in the real estate trust, worth $25,415,000, after acquiring 51,305 additional shares during the previous quarter. Arizona State Retirement System increased its holdings of Corporate Office Properties Trust during the first quarter by 2.7%. Arizona State Retirement System owns 32 575 shares worth $722,000 of the stock of the real estate trust after purchasing 852 additional shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings of Corporate Office Properties Trust during the first quarter by 373.4 percent. Sumitomo Mitsui Trust Holdings Inc. owns now 594,775 of the real estate trust's stock valued at $14,102,000, after purchasing an additional 469 143 shares during last quarter. State of New Jersey Common Pension Fund D increased its holdings of Corporate Office Properties Trust during the first quarter by 9.3%. State of New Jersey Common Pension Fund D owns 294,042 of the real estate trust's stock, worth $6.972,000. This is after purchasing an additional 25,000 during the last quarter.
Trust Company Profile for Corporate Office Properties
Corporate Office Properties Trust, Inc. is a real-estate investment trust. It is a real estate investment trust that acquires, develops and manages office and data center properties, then sells and leases them. The company operates in four segments: Defense/Information Technology Locations; Regional Offices; Wholesale Data Centers and Other.
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