COPT Defense Properties (NYSE:CDP) Director Robert L. Denton Sells 4,398 Shares of Stock

COPT Defense Properties (NYSE:CDP) Director Robert L. Denton sold 4,398 shares of COPT Defense Properties 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 filing with the Securities & Exchange Commission, which is accessible through this link.

COPT Defense Properties Price Performance

CDP opened at $27.49 on Tuesday. The firm has a market capitalization of $3.10 billion, a PE ratio of 22.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The business’s 50-day moving average is $26.50 and its two-hundred day moving average is $28.80. COPT Defense Properties has a 1 year low of $23.47 and a 1 year high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. Research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a $0.305 dividend. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.44%. The ex-dividend date was Monday, March 31st. COPT Defense Properties’s payout ratio is currently 97.60%.

Analyst Upgrades and Downgrades

CDP has been the topic of several recent research reports. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They set a “buy” rating and a $31.00 target price on the stock. Wells Fargo & Company dropped their price objective 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.14.

Hedge Funds Weigh In On COPT Defense Properties

Large investors have recently made changes to their positions in the business. FIL Ltd grew its stake in COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock worth $80,000 after buying an additional 391 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in COPT Defense Properties by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 16,997 shares of the company’s stock worth $464,000 after acquiring an additional 397 shares in the last quarter. Quarry LP grew its stake in shares of COPT Defense Properties by 102.0% during the first quarter. Quarry LP now owns 1,186 shares of the company’s stock worth $32,000 after acquiring an additional 599 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of COPT Defense Properties by 10.7% during the first quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company’s stock valued at $187,000 after acquiring an additional 660 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company’s stock valued at $677,000 after acquiring an additional 663 shares in the last quarter.

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.