Universal Beteiligungs und Servicegesellschaft mbH Invests $3.34 Million in COPT Defense Properties (NYSE:CDP)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in COPT Defense Properties (NYSE:CDP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 122,399 shares of the company's stock, valued at approximately $3,338,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of COPT Defense Properties as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CDP. American Century Companies Inc. raised its stake in shares of COPT Defense Properties by 8.1% in the fourth quarter. American Century Companies Inc. now owns 21,328 shares of the company's stock worth $660,000 after purchasing an additional 1,590 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of COPT Defense Properties in the fourth quarter worth about $702,000. Prudential Financial Inc. raised its stake in shares of COPT Defense Properties by 22.4% in the fourth quarter. Prudential Financial Inc. now owns 26,341 shares of the company's stock worth $815,000 after purchasing an additional 4,821 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of COPT Defense Properties by 21.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after purchasing an additional 590,051 shares during the last quarter. Finally, Norges Bank acquired a new stake in COPT Defense Properties during the fourth quarter worth about $45,718,000.

COPT Defense Properties Stock Performance

COPT Defense Properties stock traded down $0.02 during midday trading on Friday, hitting $27.26. 319,327 shares of the company were exchanged, compared to its average volume of 954,333. The firm has a market capitalization of $3.08 billion, a PE ratio of 21.28 and a beta of 0.87. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $34.22. The business has a fifty day simple moving average of $28.02 and a two-hundred day simple moving average of $27.55. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.21 and a current ratio of 2.96.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a return on equity of 9.38% and a net margin of 19.23%. The company had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. During the same period last year, the company earned $0.64 earnings per share. COPT Defense Properties's quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 95.31%.

Insider Buying and Selling

In other COPT Defense Properties 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 value of $117,426.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their target price on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.14.

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.