State of Wyoming Buys New Stake in COPT Defense Properties (NYSE:CDP)

State of Wyoming acquired a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,365 shares of the company's stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd boosted its holdings 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 valued at $80,000 after purchasing an additional 391 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in COPT Defense Properties in the 4th quarter worth about $110,000. Spirit of America Management Corp NY grew its stake in COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV grew its stake in COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after acquiring an additional 1,271 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in COPT Defense Properties in the 4th quarter worth about $203,000.

Insiders Place Their Bets

In other news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company's stock.

COPT Defense Properties Stock Down 0.0%

NYSE CDP traded down $0.00 on Friday, hitting $26.98. The stock had a trading volume of 756,776 shares, compared to its average volume of 932,751. The business's fifty day moving average price is $26.52 and its 200 day moving average price is $28.70. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a 52-week low of $23.47 and a 52-week high of $34.22. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 21.93 and a beta of 0.86.

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

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Monday, June 30th. COPT Defense Properties's dividend payout ratio is currently 97.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CDP. Jefferies Financial Group began coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.14.

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.