COPT Defense Properties (NYSE:CDP) Shares Acquired by Bokf Na

BOKF NA boosted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 7,050.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,083 shares of the company's stock after acquiring an additional 10,928 shares during the quarter. BOKF NA's holdings in COPT Defense Properties were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CDP. GAMMA Investing LLC grew its stake in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after purchasing an additional 614 shares during the last quarter. FIL Ltd lifted its position in COPT Defense Properties by 17.8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after buying an additional 391 shares during the period. USA Financial Formulas purchased a new position in COPT Defense Properties during the fourth quarter worth about $90,000. Meeder Asset Management Inc. purchased a new position in COPT Defense Properties during the fourth quarter worth about $110,000. Finally, Spirit of America Management Corp NY increased its stake in COPT Defense Properties by 25.0% during the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after acquiring an additional 1,000 shares during the last quarter.

COPT Defense Properties Stock Down 2.0%

NYSE CDP traded down $0.55 during mid-day trading on Wednesday, reaching $26.47. 898,126 shares of the company's stock traded hands, compared to its average volume of 921,109. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $26.49 and a 200-day simple moving average of $28.97. COPT Defense Properties has a 1-year low of $23.47 and a 1-year high of $34.22. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 21.52 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting analysts' consensus estimates of $0.65. The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. COPT Defense Properties's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. As a group, equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.61%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's payout ratio is presently 97.60%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group assumed coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.43.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.