New Age Alpha Advisors LLC Has $1.27 Million Stake in COPT Defense Properties (NYSE:CDP)

Key Points

• New Age Alpha Advisors LLC increased its stake in COPT Defense Properties by 31.6%, owning 46,684 shares valued at $1.27 million by the end of the 1st quarter.
• Wells Fargo & Company reduced its price target for COPT Defense Properties from $36.00 to $30.00, while the stock currently holds a consensus rating of "Moderate Buy".
• COPT Defense Properties recently declared a quarterly dividend of $0.305 per share, representing an annualized basis of $1.22 and a dividend yield of 4.3%.

New Age Alpha Advisors LLC grew its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 31.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,684 shares of the company's stock after purchasing an additional 11,216 shares during the quarter. New Age Alpha Advisors LLC's holdings in COPT Defense Properties were worth $1,273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CDP. 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 purchasing an additional 391 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in COPT Defense Properties by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock valued at $515,000 after acquiring an additional 635 shares during the period. Central Pacific Bank Trust Division boosted its holdings in COPT Defense Properties by 10.7% during the first quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company's stock valued at $187,000 after acquiring an additional 660 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of COPT Defense Properties by 6.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,651 shares of the company's stock valued at $423,000 after buying an additional 813 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of COPT Defense Properties by 321.7% in the first 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.

Insider Transactions at COPT Defense Properties

In related news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction that occurred on Thursday, May 15th. The shares were 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 through the SEC website. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.17.

COPT Defense Properties Stock Up 0.5%

NYSE:CDP traded up $0.13 during trading hours on Tuesday, reaching $27.50. 124,141 shares of the stock were exchanged, compared to its average volume of 945,340. The firm has a 50 day moving average of $28.08 and a 200 day moving average of $27.42. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $3.11 billion, a PE ratio of 21.49 and a beta of 0.87.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $175.60 million for the quarter, compared to analysts' expectations of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The business's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Monday, June 30th were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is 95.31%.

COPT Defense Properties Company 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.