Woodline Partners LP grew its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,157 shares of the company's stock after purchasing an additional 9,485 shares during the period. Woodline Partners LP owned approximately 0.28% of COPT Defense Properties worth $9,785,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FIL Ltd lifted 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 shares of COPT Defense Properties during the 4th quarter valued at $110,000. Spirit of America Management Corp NY lifted its holdings in shares of COPT Defense Properties by 25.0% during the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after purchasing an additional 1,000 shares during the last quarter. KBC Group NV lifted its holdings in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of COPT Defense Properties during the 4th quarter valued at $204,000.
Insider Activity
In other news, Director Robert L. Denton sold 4,398 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was 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 can be accessed through the SEC website. Insiders own 1.42% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CDP. Wells Fargo & Company decreased their price objective on 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 COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.14.
Get Our Latest Analysis on COPT Defense Properties
COPT Defense Properties Stock Performance
NYSE:CDP traded down $0.44 during trading hours on Wednesday, reaching $27.21. The company had a trading volume of 128,118 shares, compared to its average volume of 931,753. 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 1-year low of $23.47 and a 1-year high of $34.22. The business's 50 day moving average price is $26.54 and its 200-day moving average price is $28.61. The firm has a market cap of $3.07 billion, a PE ratio of 22.17 and a beta of 0.86.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, meeting analysts' consensus estimates of $0.65. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The company had revenue of $187.86 million during the quarter, compared to analysts' expectations of $186.37 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Monday, June 30th. COPT Defense Properties's dividend payout ratio (DPR) is presently 97.60%.
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.
Further Reading
Before you consider COPT Defense Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and COPT Defense Properties wasn't on the list.
While COPT Defense Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
