ProShare Advisors LLC Grows Position in COPT Defense Properties (NYSE:CDP)

ProShare Advisors LLC lifted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 41.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,970 shares of the company's stock after purchasing an additional 10,801 shares during the quarter. ProShare Advisors LLC's holdings in COPT Defense Properties were worth $1,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Man Group plc raised its stake in COPT Defense Properties by 31.7% in the 4th quarter. Man Group plc now owns 126,659 shares of the company's stock worth $3,920,000 after acquiring an additional 30,491 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of COPT Defense Properties by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock worth $515,000 after purchasing an additional 635 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of COPT Defense Properties during the fourth quarter worth about $461,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of COPT Defense Properties by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,099 shares of the company's stock worth $1,984,000 after purchasing an additional 2,487 shares during the period. Finally, Lazard Asset Management LLC boosted its position in COPT Defense Properties by 84.0% in the fourth quarter. Lazard Asset Management LLC now owns 39,839 shares of the company's stock valued at $1,233,000 after buying an additional 18,193 shares during the last quarter.

COPT Defense Properties Price Performance

Shares of COPT Defense Properties stock traded down $0.30 on Wednesday, hitting $27.35. The company's stock had a trading volume of 87,243 shares, compared to its average volume of 931,610. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 22.25 and a beta of 0.86. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The firm has a fifty day moving average price of $26.54 and a 200-day moving average price of $28.61.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting analysts' consensus estimates of $0.65. The business had revenue of $187.86 million during the quarter, compared to analysts' expectations of $186.37 million. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.67 earnings per share 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's payout ratio is 97.60%.

Insider Activity

In other 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.42% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CDP. Wells Fargo & Company reduced their price target 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. Jefferies Financial Group began 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.14.

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.