BOKF NA increased its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 7,050.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,083 shares of the company's stock after purchasing an additional 10,928 shares during the period. BOKF NA's holdings in COPT Defense Properties were worth $324,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of COPT Defense Properties by 87.6% during the third quarter. Barclays PLC now owns 218,999 shares of the company's stock worth $6,643,000 after acquiring an additional 102,280 shares during the period. GAMMA Investing LLC raised its position in COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after purchasing an additional 614 shares in the last quarter. USA Financial Formulas acquired a new position in shares of COPT Defense Properties during the 4th quarter worth $90,000. ZWJ Investment Counsel Inc. acquired a new position in shares of COPT Defense Properties during the 4th quarter worth $203,000. Finally, Blue Trust Inc. raised its holdings in shares of COPT Defense Properties by 20.8% during the 4th quarter. Blue Trust Inc. now owns 16,938 shares of the company's stock worth $514,000 after buying an additional 2,917 shares in the last quarter.
COPT Defense Properties Trading Up 1.0%
NYSE CDP traded up $0.29 on Friday, reaching $27.54. The company had a trading volume of 186,024 shares, compared to its average volume of 919,172. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 22.40 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 business has a 50 day moving average of $26.47 and a two-hundred day moving average of $28.92. 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 (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting analysts' consensus estimates of $0.65. The business had revenue of $187.86 million for the quarter, compared to analysts' expectations of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were paid a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.43%. COPT Defense Properties's dividend payout ratio (DPR) is 97.60%.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group assumed coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.43.
Read Our Latest Report on COPT Defense Properties
COPT Defense Properties Profile
(
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
