Sapience Investments LLC lessened its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 29.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,894 shares of the company's stock after selling 35,358 shares during the quarter. COPT Defense Properties makes up about 1.5% of Sapience Investments LLC's portfolio, making the stock its 24th biggest position. Sapience Investments LLC owned approximately 0.08% of COPT Defense Properties worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FIL Ltd boosted its stake in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after purchasing an additional 391 shares in the last quarter. USA Financial Formulas purchased a new position in shares of COPT Defense Properties in the fourth quarter worth $90,000. Meeder Asset Management Inc. acquired a new stake in COPT Defense Properties during the 4th quarter valued at approximately $110,000. Spirit of America Management Corp NY boosted its holdings 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 buying an additional 1,000 shares in the last quarter. Finally, KBC Group NV grew its stake in COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after acquiring an additional 1,271 shares during the period.
Analysts Set New Price Targets
CDP has been the topic of a number of research reports. Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 target price on the stock. Wells Fargo & Company dropped their price objective on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a report on Monday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, COPT Defense Properties presently has an average rating of "Moderate Buy" and a consensus target price of $33.14.
Get Our Latest Research Report on COPT Defense Properties
COPT Defense Properties Trading Down 0.4%
COPT Defense Properties stock traded down $0.11 during midday trading on Thursday, reaching $26.85. The stock had a trading volume of 298,089 shares, compared to its average volume of 928,883. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. COPT Defense Properties has a twelve month low of $23.47 and a twelve month high of $34.22. The stock has a market capitalization of $3.03 billion, a PE ratio of 21.83 and a beta of 0.86. The stock's 50-day simple moving average is $26.53 and its 200 day simple moving average is $28.78.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, meeting analysts' consensus estimates of $0.65. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The business had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. During the same period last year, the business earned $0.62 EPS. The business's revenue was up 6.0% on a year-over-year basis. Analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's payout ratio is 97.60%.
Insider Activity at COPT Defense Properties
In related news, Director Robert L. Denton sold 4,398 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.42% of the company's stock.
About COPT Defense Properties
(
Free Report)
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.
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