State of Wyoming Invests $414,000 in COPT Defense Properties (NYSE:CDP)

State of Wyoming acquired a new position in COPT Defense Properties (NYSE:CDP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,365 shares of the company's stock, valued at approximately $414,000.

Several other large investors also recently made changes to their positions in CDP. ProShare Advisors LLC raised its stake in shares of COPT Defense Properties by 41.3% in the fourth quarter. ProShare Advisors LLC now owns 36,970 shares of the company's stock worth $1,144,000 after acquiring an additional 10,801 shares during the last quarter. Man Group plc increased its holdings in shares of COPT Defense Properties by 31.7% in the fourth quarter. Man Group plc now owns 126,659 shares of the company's stock valued at $3,920,000 after purchasing an additional 30,491 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in COPT Defense Properties by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 16,600 shares of the company's stock worth $515,000 after purchasing an additional 635 shares during the last quarter. Nomura Holdings Inc. bought a new position in COPT Defense Properties in the 4th quarter worth approximately $461,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in COPT Defense Properties by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,099 shares of the company's stock worth $1,984,000 after buying an additional 2,487 shares in the last quarter.

Insider Transactions at COPT Defense Properties

In related news, Director Robert L. Denton sold 4,398 shares of the 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company's stock.

COPT Defense Properties Trading Down 0.0%

CDP traded down $0.00 during trading on Monday, reaching $26.98. 756,776 shares of the company's stock were exchanged, compared to its average volume of 934,265. The company's fifty day moving average price is $26.52 and its 200-day moving average price is $28.65. The firm has a market capitalization of $3.05 billion, a PE ratio of 21.93 and a beta of 0.86. COPT Defense Properties has a fifty-two week low of $23.47 and a fifty-two week high of $34.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47.

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 (EPS) for the quarter, hitting the consensus estimate of $0.65. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The business had revenue of $187.86 million for the quarter, compared to analyst estimates of $186.37 million. During the same period last year, the company earned $0.62 EPS. The firm's revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is currently 97.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on 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. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average 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.