Leeward Investments LLC MA decreased its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 520,901 shares of the company's stock after selling 20,154 shares during the period. Leeward Investments LLC MA owned approximately 0.46% of COPT Defense Properties worth $14,205,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of CDP. Alliancebernstein L.P. boosted its position in shares of COPT Defense Properties by 813.0% during the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after purchasing an additional 5,563,548 shares during the period. Norges Bank purchased a new position in shares of COPT Defense Properties during the 4th quarter worth approximately $45,718,000. JPMorgan Chase & Co. boosted its position in COPT Defense Properties by 21.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock valued at $101,621,000 after buying an additional 590,051 shares during the period. Raymond James Financial Inc. purchased a new position in COPT Defense Properties in the 4th quarter valued at approximately $16,063,000. Finally, FMR LLC boosted its position in COPT Defense Properties by 12.2% in the 4th quarter. FMR LLC now owns 3,099,052 shares of the company's stock valued at $95,916,000 after buying an additional 335,775 shares during the period.
Insider Buying and Selling at COPT Defense Properties
In other news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $26.70, for a total value of $117,426.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.42% of the company's stock.
COPT Defense Properties Trading Down 0.8%
Shares of CDP stock traded down $0.22 during mid-day trading on Monday, reaching $28.17. The company's stock had a trading volume of 567,005 shares, compared to its average volume of 950,520. The company's 50 day simple moving average is $27.54 and its 200-day simple moving average is $27.85. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $34.22. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $3.18 billion, a PE ratio of 22.54 and a beta of 0.87.
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 the consensus estimate of $0.65. The firm had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a net margin of 18.86% and a return on equity of 9.19%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.
COPT Defense Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's payout ratio is currently 97.60%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CDP shares. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 target price for the company. 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.14.
Check Out 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.
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