Graham Capital Management L.P. decreased its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 87.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,053 shares of the company's stock after selling 57,559 shares during the period. Graham Capital Management L.P.'s holdings in COPT Defense Properties were worth $249,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CDP. FIL Ltd raised its position in COPT Defense Properties by 17.8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company's stock worth $80,000 after acquiring an additional 391 shares during the last quarter. M&T Bank Corp raised its position in COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company's stock worth $677,000 after acquiring an additional 663 shares during the last quarter. Xponance Inc. raised its position in COPT Defense Properties by 5.9% during the fourth quarter. Xponance Inc. now owns 16,157 shares of the company's stock worth $500,000 after acquiring an additional 905 shares during the last quarter. Spirit of America Management Corp NY raised its position in COPT Defense Properties by 25.0% during the fourth 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 during the last quarter. Finally, KBC Group NV raised its position in COPT Defense Properties by 33.4% during the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after acquiring an additional 1,271 shares during the last quarter.
COPT Defense Properties Stock Down 0.0%
NYSE CDP traded down $0.00 during trading hours on Friday, reaching $26.98. 756,776 shares of the company traded hands, compared to its average volume of 934,265. COPT Defense Properties has a 12 month low of $23.47 and a 12 month high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $3.05 billion, a PE ratio of 21.93 and a beta of 0.86. The company has a 50 day moving average of $26.52 and a two-hundred day moving average of $28.68.
COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting analysts' consensus estimates of $0.65. The firm had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. As a group, equities analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.
COPT Defense Properties Announces Dividend
The firm 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.52%. COPT Defense Properties's dividend payout ratio (DPR) is 97.60%.
Insiders Place Their Bets
In related news, Director Robert L. Denton sold 4,398 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $26.70, for a total value of $117,426.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.42% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of COPT Defense Properties from $36.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Jefferies Financial Group assumed coverage on shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.14.
Get Our Latest Analysis on COPT Defense Properties
COPT Defense Properties Company 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.
Featured Articles
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
