Nuveen Asset Management LLC Has $62.85 Million Stock Holdings in COPT Defense Properties (NYSE:CDP)

Nuveen Asset Management LLC decreased its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 1.80% of COPT Defense Properties worth $62,854,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. FIL Ltd lifted its holdings in shares of 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 during the period. Meeder Asset Management Inc. acquired a new stake in shares of COPT Defense Properties during the 4th quarter worth about $110,000. Spirit of America Management Corp NY lifted its holdings in COPT Defense Properties by 25.0% during the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after purchasing an additional 1,000 shares during the last quarter. KBC Group NV boosted its position in COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after buying an additional 1,271 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in COPT Defense Properties in the fourth quarter valued at about $203,000.

COPT Defense Properties Trading Up 0.1%

NYSE:CDP traded up $0.03 during trading hours on Thursday, hitting $26.99. 1,411,749 shares of the stock were exchanged, compared to its average volume of 930,678. The company has a market capitalization of $3.05 billion, a P/E ratio of 21.95 and a beta of 0.86. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The company's 50 day moving average is $26.53 and its two-hundred day moving average is $28.78. COPT Defense Properties has a twelve month low of $23.47 and a twelve month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly 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. The business had revenue of $187.86 million for the quarter, compared to analyst estimates of $186.37 million. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.

Analyst Ratings Changes

CDP has been the subject of a number of recent analyst reports. Jefferies Financial Group started coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company lowered their target price on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.14.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of the firm's 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by corporate insiders.

COPT Defense Properties Company 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.