Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 763,547 shares of the company's stock after buying an additional 75,390 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.68% of COPT Defense Properties worth $20,822,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of CDP. Raymond James Financial Inc. bought a new stake in COPT Defense Properties during the 4th quarter valued at $16,063,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock valued at $35,847,000 after purchasing an additional 762,840 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at $1,397,000. Frontier Capital Management Co. LLC lifted its holdings in COPT Defense Properties by 0.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,359,335 shares of the company's stock worth $42,071,000 after purchasing an additional 5,031 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in COPT Defense Properties in the 4th quarter worth about $461,000.
Insider Transactions at COPT Defense Properties
In related news, Director Robert L. Denton sold 4,398 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was 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 SEC, which is available through this link. 1.42% of the stock is currently owned by insiders.
COPT Defense Properties Price Performance
Shares of NYSE:CDP traded down $0.18 on Friday, hitting $28.58. The company's stock had a trading volume of 819,140 shares, compared to its average volume of 950,163. The company has a market capitalization of $3.23 billion, a PE ratio of 23.24 and a beta of 0.88. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The company has a 50-day simple moving average of $26.78 and a 200 day simple moving average of $28.36. COPT Defense Properties has a 1 year low of $23.90 and a 1 year high of $34.22.
COPT Defense Properties (NYSE:CDP - Get Free Report) last announced 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 net margin of 18.44% and a return on equity of 9.07%. The business had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. During the same period last year, the firm posted $0.62 earnings per share. COPT Defense Properties's quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.
COPT Defense Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's dividend payout ratio is currently 97.60%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CDP. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price target on the stock. Wells Fargo & Company reduced 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 research note on Monday, May 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, COPT Defense Properties presently has an average rating of "Moderate Buy" and an average price target of $33.14.
Read Our Latest Report on CDP
COPT Defense Properties Profile
(
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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