COPT Defense Properties (NYSE:CDP) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in COPT Defense Properties (NYSE:CDP - Free Report) by 72.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,475 shares of the company's stock after selling 42,905 shares during the quarter. Teacher Retirement System of Texas' holdings in COPT Defense Properties were worth $449,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of COPT Defense Properties by 321.7% in the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock worth $29,000 after purchasing an additional 817 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in COPT Defense Properties during the 4th quarter valued at $63,000. FIL Ltd raised its stake in COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock valued at $80,000 after acquiring an additional 391 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in COPT Defense Properties during the 4th quarter valued at $110,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of COPT Defense Properties during the 4th quarter valued at $204,000.

Insider Activity at COPT Defense Properties

In related news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

COPT Defense Properties Stock Down 0.1%

Shares of CDP stock opened at $28.04 on Friday. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $34.22. The firm has a market cap of $3.17 billion, a PE ratio of 22.43 and a beta of 0.87. The stock has a 50 day moving average of $27.87 and a 200-day moving average of $27.71. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 1.57.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting 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 business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same quarter last year, the company earned $0.62 EPS. COPT Defense Properties's revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th were paid a $0.305 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.35%. COPT Defense Properties's dividend payout ratio (DPR) is currently 97.60%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price target on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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