Principal Financial Group Inc. boosted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,945,257 shares of the company's stock after acquiring an additional 38,916 shares during the period. Principal Financial Group Inc. owned 1.72% of COPT Defense Properties worth $53,047,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in COPT Defense Properties by 321.7% during the first quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after acquiring an additional 817 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in COPT Defense Properties during the fourth quarter valued at approximately $63,000. FIL Ltd grew its stake 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 acquiring an additional 391 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in COPT Defense Properties during the fourth quarter valued at approximately $110,000. Finally, Landscape Capital Management L.L.C. purchased a new position in COPT Defense Properties during the fourth quarter valued at approximately $204,000.
COPT Defense Properties Trading Up 0.0%
Shares of CDP traded up $0.01 during mid-day trading on Thursday, reaching $28.21. The company's stock had a trading volume of 752,365 shares, compared to its average volume of 951,172. The stock has a market cap of $3.18 billion, a PE ratio of 22.57 and a beta of 0.87. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 1.57. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company's fifty day moving average price is $27.67 and its two-hundred day moving average price is $27.84.
COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting analysts' consensus estimates of $0.65. The firm had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. COPT Defense Properties had a net margin of 18.86% and a return on equity of 9.19%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be issued 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 4.32%. COPT Defense Properties's payout ratio is 97.60%.
Insider Buying and Selling at COPT Defense Properties
In related news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $26.70, for a total value of $117,426.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price objective 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 research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.14.
View Our Latest Stock Analysis on CDP
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.
Further Reading
Before you consider COPT Defense Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and COPT Defense Properties wasn't on the list.
While COPT Defense Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
