65,507 Shares in COPT Defense Properties (NYSE:CDP) Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new position in shares of COPT Defense Properties (NYSE:CDPFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 65,507 shares of the company’s stock, valued at approximately $1,581,000. State of Alaska Department of Revenue owned 0.06% of COPT Defense Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in COPT Defense Properties during the 1st quarter worth approximately $3,081,000. Handelsinvest Investeringsforvaltning bought a new position in shares of COPT Defense Properties in the 1st quarter worth $455,000. Finally, State of Michigan Retirement System bought a new position in shares of COPT Defense Properties in the 1st quarter worth $665,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CDP. Citigroup reissued a “neutral” rating and issued a $25.00 price target (down previously from $29.00) on shares of COPT Defense Properties in a report on Friday, March 22nd. Wedbush reissued an “outperform” rating and issued a $28.00 price target (up previously from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Three analysts have rated the stock with a hold rating and four have given 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 $27.00.

Check Out Our Latest Report on CDP

COPT Defense Properties Price Performance

CDP stock opened at $25.23 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.66 and a current ratio of 3.66. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $26.80. The firm’s fifty day moving average is $24.55 and its 200 day moving average is $24.31. The firm has a market cap of $2.84 billion, a P/E ratio of -23.36, a P/E/G ratio of 2.40 and a beta of 0.98.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, June 28th. COPT Defense Properties’s dividend payout ratio is currently -109.26%.

About COPT Defense Properties

(Free Report)

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.

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Institutional Ownership by Quarter for COPT Defense Properties (NYSE:CDP)

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