SG Americas Securities LLC acquired a new stake in COPT Defense Properties (NYSE:CDP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,971 shares of the company's stock, valued at approximately $926,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. grew its stake in COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company's stock worth $29,000 after buying an additional 817 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in COPT Defense Properties during the 4th quarter worth $63,000. FIL Ltd increased its stake in COPT Defense Properties by 17.8% in the fourth 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. Meeder Asset Management Inc. purchased a new stake in shares of COPT Defense Properties in the fourth quarter valued at about $110,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of 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 worth $187,000 after buying an additional 660 shares during the period.
COPT Defense Properties Price Performance
CDP traded down $0.05 on Friday, hitting $28.56. 1,339,651 shares of the company were exchanged, compared to its average volume of 950,133. COPT Defense Properties has a fifty-two week low of $23.92 and a fifty-two week high of $34.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.21 and a current ratio of 3.21. The firm has a market capitalization of $3.22 billion, a P/E ratio of 22.84 and a beta of 0.88. The business's fifty day moving average is $27.18 and its 200 day moving average is $28.17.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released 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. COPT Defense Properties had a return on equity of 9.19% and a net margin of 18.86%. The business had revenue of $187.86 million for the quarter, compared to analysts' expectations of $186.37 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The company's revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors 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 dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's payout ratio is currently 97.60%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CDP. 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 started coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.14.
Get Our Latest Report on COPT Defense Properties
Insider Buying and Selling
In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.42% of the stock is currently owned by company insiders.
About COPT Defense Properties
(
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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