Nomura Holdings Inc. Makes New Investment in COPT Defense Properties (NYSE:CDP)

Nomura Holdings Inc. bought a new position in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,895 shares of the company's stock, valued at approximately $461,000.

A number of other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in shares of COPT Defense Properties by 813.0% in the 4th quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock valued at $193,371,000 after buying an additional 5,563,548 shares during the period. Norges Bank acquired a new position in shares of COPT Defense Properties in the 4th quarter valued at $45,718,000. Cbre Investment Management Listed Real Assets LLC grew 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 buying an additional 762,840 shares during the period. Principal Financial Group Inc. grew its holdings in shares of COPT Defense Properties by 61.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock valued at $59,001,000 after buying an additional 723,486 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of COPT Defense Properties by 21.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock valued at $101,621,000 after buying an additional 590,051 shares during the period.

COPT Defense Properties Stock Up 2.6%

CDP traded up $0.71 during trading on Tuesday, hitting $27.66. The company had a trading volume of 1,094,959 shares, compared to its average volume of 934,908. The company has a market capitalization of $3.12 billion, a PE ratio of 22.49 and a beta of 0.86. COPT Defense Properties has a one year low of $23.47 and a one year high of $34.22. The firm's 50-day moving average price is $26.54 and its 200 day moving average price is $28.61. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. The business had revenue of $187.86 million for the quarter, compared to analysts' expectations of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. As a group, equities analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 annualized dividend and a yield of 4.41%. 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 the business's 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 legal filing with the SEC, which is available through the SEC website. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

CDP has been the subject of several research analyst reports. Wells Fargo & Company decreased 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 report on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price target for the company. Two research 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 stock has a consensus rating of "Moderate Buy" and an average target price of $33.14.

About COPT Defense Properties

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.