Exchange Traded Concepts LLC purchased a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,686 shares of the company's stock, valued at approximately $810,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of CDP. Raymond James Financial Inc. acquired a new stake in shares of COPT Defense Properties during the fourth quarter worth $16,063,000. SG Americas Securities LLC purchased a new position in COPT Defense Properties during the 1st quarter worth approximately $926,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of COPT Defense Properties by 192.9% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock valued at $35,847,000 after acquiring an additional 762,840 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of COPT Defense Properties in the fourth quarter worth $1,397,000. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of COPT Defense Properties by 0.4% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,359,335 shares of the company's stock worth $42,071,000 after purchasing an additional 5,031 shares during the last quarter.
Insider Buying and Selling
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 stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company's stock.
COPT Defense Properties Price Performance
Shares of NYSE CDP traded down $0.44 during midday trading on Tuesday, hitting $28.47. The stock had a trading volume of 953,380 shares, compared to its average volume of 950,009. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 1.57. The stock has a 50 day simple moving average of $27.24 and a 200-day simple moving average of $28.11. The company has a market capitalization of $3.21 billion, a PE ratio of 22.78 and a beta of 0.88. COPT Defense Properties has a 1 year low of $23.92 and a 1 year high of $34.22.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting analysts' consensus estimates of $0.65. The company had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a net margin of 18.86% and a return on equity of 9.19%. COPT Defense Properties's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, sell-side analysts expect that COPT Defense Properties will post 2.67 EPS 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.
Analyst Ratings Changes
A number of equities analysts have weighed in on CDP shares. Jefferies Financial Group began coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Wells Fargo & Company reduced their price target 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.14.
Check Out Our Latest Research Report on CDP
COPT Defense Properties Company Profile
(
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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