Fort Washington Investment Advisors Inc. OH Boosts Stock Holdings in COPT Defense Properties (NYSE:CDP)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 763,547 shares of the company's stock after buying an additional 75,390 shares during the period. 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. FIL Ltd boosted 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 valued at $80,000 after buying an additional 391 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in COPT Defense Properties by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock valued at $515,000 after buying an additional 635 shares during the period. Central Pacific Bank Trust Division boosted its position in COPT Defense Properties by 10.7% during the first quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company's stock valued at $187,000 after buying an additional 660 shares during the period. M&T Bank Corp boosted its holdings in shares of COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company's stock worth $677,000 after purchasing an additional 663 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of COPT Defense Properties by 6.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,651 shares of the company's stock worth $423,000 after purchasing an additional 813 shares during the period.

Insider Buying and Selling at COPT Defense Properties

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 shares were sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

CDP has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 target price for the company. Wells Fargo & Company dropped their target price 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, May 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.14.

COPT Defense Properties Trading Up 0.0%

CDP stock traded up $0.01 during trading on Monday, reaching $28.61. The company had a trading volume of 760,290 shares, compared to its average volume of 950,662. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company has a market cap of $3.23 billion, a P/E ratio of 23.26 and a beta of 0.88. The business has a 50 day moving average of $26.94 and a 200 day moving average of $28.24. 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 (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the prior year, the firm earned $0.62 earnings per share. COPT Defense Properties's revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm 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 dividend yield of 4.26%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio is 97.60%.

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.