Exchange Traded Concepts LLC Invests $810,000 in COPT Defense Properties (NYSE:CDP)

Exchange Traded Concepts LLC acquired a new stake in COPT Defense Properties (NYSE:CDP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,686 shares of the company's stock, valued at approximately $810,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of COPT Defense Properties by 28.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,517 shares of the company's stock valued at $478,000 after buying an additional 3,866 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of COPT Defense Properties by 11.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 763,547 shares of the company's stock valued at $20,822,000 after buying an additional 75,390 shares during the period. SG Americas Securities LLC purchased a new stake in shares of COPT Defense Properties during the 1st quarter valued at about $926,000. UMB Bank n.a. raised its holdings in shares of COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock valued at $29,000 after buying an additional 817 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of COPT Defense Properties by 1,732.9% during the 1st quarter. GAMMA Investing LLC now owns 25,716 shares of the company's stock valued at $701,000 after buying an additional 24,313 shares during the period.

Insider Activity

In related news, Director Robert L. Denton sold 4,398 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

CDP has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 target price on the stock. Wells Fargo & Company dropped their price objective on COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus price target of $33.14.

COPT Defense Properties Stock Performance

Shares of NYSE CDP traded down $0.05 during trading on Friday, reaching $28.56. The stock had a trading volume of 1,339,651 shares, compared to its average volume of 755,702. COPT Defense Properties has a one year low of $23.92 and a one year high of $34.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.21 and a current ratio of 3.21. The stock has a market cap of $3.22 billion, a PE ratio of 11.02 and a beta of 0.88. The firm's 50 day moving average price is $27.18 and its two-hundred day moving average price is $28.17.

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 for the quarter, meeting analysts' consensus estimates 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 period in the previous year, the business earned $0.62 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be issued a $0.305 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.27%. COPT Defense Properties's dividend payout ratio (DPR) is 97.60%.

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.