GAMMA Investing LLC Raises Stock Position in COPT Defense Properties (NYSE:CDP)

GAMMA Investing LLC grew its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 1,732.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,716 shares of the company's stock after purchasing an additional 24,313 shares during the quarter. GAMMA Investing LLC's holdings in COPT Defense Properties were worth $701,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of COPT Defense Properties in the fourth quarter valued at about $16,063,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of COPT Defense Properties by 192.9% in the fourth 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 purchasing an additional 762,840 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of COPT Defense Properties in the fourth quarter valued at about $1,397,000. Frontier Capital Management Co. LLC grew its position in shares of COPT Defense Properties by 0.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,359,335 shares of the company's stock valued at $42,071,000 after purchasing an additional 5,031 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of COPT Defense Properties in the fourth quarter valued at about $461,000.

COPT Defense Properties Price Performance

CDP traded down $0.05 on Friday, reaching $28.56. 1,339,651 shares of the company's stock were exchanged, compared to its average volume of 950,133. The stock has a market cap of $3.22 billion, a PE ratio of 22.84 and a beta of 0.88. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. The stock's fifty day moving average price is $27.18 and its 200-day moving average price is $28.17. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.21 and a quick ratio of 3.21.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting analysts' consensus estimates of $0.65. The firm had revenue of $187.86 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.62 earnings per share. Sell-side analysts expect 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 will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.

Insiders Place Their Bets

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on CDP shares. Jefferies Financial Group began coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, COPT Defense Properties presently 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.