33,971 Shares in COPT Defense Properties (NYSE:CDP) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 33,971 shares of the company's stock, valued at approximately $926,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in COPT Defense Properties by 321.7% in the first quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock worth $29,000 after purchasing an additional 817 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of COPT Defense Properties during the 4th quarter worth about $63,000. FIL Ltd raised its position in shares of COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after buying an additional 391 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of COPT Defense Properties in the 4th quarter worth approximately $110,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of COPT Defense Properties in the fourth quarter valued at approximately $204,000.

Analyst Upgrades and Downgrades

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

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 that occurred on Thursday, May 15th. The shares were 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 SEC, which is available through this hyperlink. Corporate insiders own 1.42% of the company's stock.

COPT Defense Properties Price Performance

CDP stock traded up $0.04 on Thursday, hitting $28.60. 478,709 shares of the company's stock traded hands, compared to its average volume of 951,267. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 1.57. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 22.88 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. The stock has a fifty day moving average of $27.05 and a 200-day moving average of $28.25.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced 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 return on equity of 9.19% and a net margin of 18.86%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

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