COPT Defense Properties (NYSE:CDP) Shares Sold by Vident Advisory LLC

Vident Advisory LLC trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 38.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,136 shares of the company's stock after selling 36,456 shares during the period. Vident Advisory LLC owned 0.05% of COPT Defense Properties worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CDP. Barclays PLC boosted its position in shares of COPT Defense Properties by 87.6% during the 3rd quarter. Barclays PLC now owns 218,999 shares of the company's stock worth $6,643,000 after acquiring an additional 102,280 shares in the last quarter. Blue Trust Inc. boosted its position in shares of COPT Defense Properties by 20.8% during the 4th quarter. Blue Trust Inc. now owns 16,938 shares of the company's stock worth $514,000 after acquiring an additional 2,917 shares in the last quarter. KBC Group NV boosted its position in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after acquiring an additional 1,271 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of COPT Defense Properties during the 4th quarter worth about $1,481,000. Finally, abrdn plc boosted its position in shares of COPT Defense Properties by 72.9% during the 4th quarter. abrdn plc now owns 38,891 shares of the company's stock worth $1,199,000 after acquiring an additional 16,399 shares in the last quarter.

COPT Defense Properties Stock Performance

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. COPT Defense Properties has a 52-week low of $23.47 and a 52-week high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 21.93 and a beta of 0.86. The company's 50 day moving average price is $26.52 and its 200 day moving average price is $28.68.

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 firm had revenue of $187.86 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.52%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.

Insider Activity at COPT Defense Properties

In related news, Director Robert L. Denton sold 4,398 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was 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 is available at the SEC website. 1.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CDP. 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 report on Monday, May 19th. Jefferies Financial Group started coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.