Leeward Investments LLC MA decreased its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,901 shares of the company's stock after selling 20,154 shares during the period. Leeward Investments LLC MA owned about 0.46% of COPT Defense Properties worth $14,205,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in shares of COPT Defense Properties by 813.0% in the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after acquiring an additional 5,563,548 shares in the last quarter. Norges Bank bought a new position in COPT Defense Properties in the fourth quarter worth about $45,718,000. JPMorgan Chase & Co. raised its holdings in 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 in the last quarter. Raymond James Financial Inc. bought a new position in COPT Defense Properties in the fourth quarter worth about $16,063,000. Finally, FMR LLC raised its stake in shares of COPT Defense Properties by 12.2% during the 4th quarter. FMR LLC now owns 3,099,052 shares of the company's stock worth $95,916,000 after acquiring an additional 335,775 shares in the last quarter.
Wall Street Analyst Weigh In
Several research firms recently commented on CDP. 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. 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.14.
Get Our Latest Stock Analysis on COPT Defense Properties
Insiders Place Their Bets
In related news, Director Robert L. Denton sold 4,398 shares of the stock in a transaction that occurred 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 at the SEC website. Company insiders own 1.42% of the company's stock.
COPT Defense Properties Stock Performance
COPT Defense Properties stock traded up $0.21 during mid-day trading on Friday, reaching $28.39. 595,169 shares of the company traded hands, compared to its average volume of 952,060. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.21 and a quick ratio of 3.21. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $34.22. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.71 and a beta of 0.87. The firm's fifty day moving average is $27.54 and its two-hundred day moving average is $27.87.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. COPT Defense Properties had a return on equity of 9.19% and a net margin of 18.86%. The firm had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. During the same period in the prior year, the firm earned $0.62 EPS. The firm's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.
COPT Defense Properties Dividend Announcement
The company 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. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio is presently 97.60%.
COPT Defense Properties Profile
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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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