Nuveen Asset Management LLC decreased its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,030,813 shares of the company's stock after selling 319,899 shares during the quarter. Nuveen Asset Management LLC owned 1.80% of COPT Defense Properties worth $62,854,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of CDP. Alliancebernstein L.P. raised its stake in COPT Defense Properties by 813.0% during the fourth 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 acquired a new position in COPT Defense Properties during the fourth quarter worth about $45,718,000. Cbre Investment Management Listed Real Assets LLC raised its stake in COPT Defense Properties by 192.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock worth $35,847,000 after acquiring an additional 762,840 shares in the last quarter. Principal Financial Group Inc. raised its stake in COPT Defense Properties by 61.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock worth $59,001,000 after acquiring an additional 723,486 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in COPT Defense Properties by 21.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after acquiring an additional 590,051 shares in the last quarter.
Wall Street Analyst Weigh In
Several research analysts have commented on CDP shares. Jefferies Financial Group started coverage on 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 lowered their price objective on 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, COPT Defense Properties currently has an average rating of "Moderate Buy" and an average price target of $33.14.
Get Our Latest Report on CDP
COPT Defense Properties Trading Down 0.0%
Shares of COPT Defense Properties stock traded down $0.00 on Friday, hitting $26.98. The stock had a trading volume of 756,776 shares, compared to its average volume of 934,265. The stock has a 50 day moving average of $26.52 and a 200 day moving average of $28.68. COPT Defense Properties has a twelve month low of $23.47 and a twelve month 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 market capitalization of $3.05 billion, a P/E ratio of 21.93 and a beta of 0.86.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data 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 9.07% and a net margin of 18.44%. The company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The firm's revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.
COPT Defense Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's payout ratio is presently 97.60%.
Insider Buying and Selling at COPT Defense Properties
In other COPT Defense Properties 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 transaction of $117,426.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company's stock.
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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