Deutsche Bank AG Acquires 166,148 Shares of COPT Defense Properties (NYSE:CDP)

Deutsche Bank AG increased its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 141.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,407 shares of the company's stock after acquiring an additional 166,148 shares during the quarter. Deutsche Bank AG owned approximately 0.25% of COPT Defense Properties worth $8,771,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CDP. Barclays PLC boosted its position in COPT Defense Properties by 87.6% during the 3rd quarter. Barclays PLC now owns 218,999 shares of the company's stock worth $6,643,000 after acquiring an additional 102,280 shares during the period. USA Financial Formulas acquired a new stake in COPT Defense Properties in the fourth quarter worth about $90,000. ZWJ Investment Counsel Inc. bought a new position in COPT Defense Properties in the 4th quarter valued at about $203,000. Blue Trust Inc. increased its stake in COPT Defense Properties by 20.8% during the 4th quarter. Blue Trust Inc. now owns 16,938 shares of the company's stock valued at $514,000 after buying an additional 2,917 shares during the period. Finally, KBC Group NV raised its position in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after buying an additional 1,271 shares in the last quarter.

Analyst Ratings Changes

CDP has been the subject of a number of research reports. Jefferies Financial Group started 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. Wells Fargo & Company dropped their price target on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and an average target price of $33.14.

Insider Activity

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 stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is owned by company insiders.

COPT Defense Properties Trading Down 0.5%

NYSE CDP traded down $0.14 on Thursday, hitting $26.83. 66,410 shares of the stock were exchanged, compared to its average volume of 925,369. The company's 50-day moving average price is $26.53 and its two-hundred day moving average price is $28.78. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a 52-week low of $23.47 and a 52-week high of $34.22. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.81 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its 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 return on equity of 9.07% and a net margin of 18.44%. The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. During the same quarter in the prior year, the company earned $0.62 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be paid a $0.305 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.55%. COPT Defense Properties's payout ratio is presently 97.60%.

COPT Defense Properties Profile

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.