Daiwa Securities Group Inc. Acquires Shares of 36,447 COPT Defense Properties (NYSE:CDP)

Daiwa Securities Group Inc. acquired a new stake in COPT Defense Properties (NYSE:CDPFree Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 36,447 shares of the company’s stock, valued at approximately $881,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Leeward Investments LLC MA acquired a new stake in shares of COPT Defense Properties in the 1st quarter valued at $13,350,000. Retirement Systems of Alabama acquired a new stake in shares of COPT Defense Properties in the 1st quarter valued at $12,119,000. State of Alaska Department of Revenue acquired a new stake in shares of COPT Defense Properties in the 1st quarter valued at $1,581,000. Nordea Investment Management AB acquired a new stake in shares of COPT Defense Properties in the 1st quarter valued at $10,069,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of COPT Defense Properties in the 1st quarter valued at $36,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CDP. Wedbush reissued an “outperform” rating and issued a $28.00 target price (up from $27.00) on shares of COPT Defense Properties in a research note on Monday, April 29th. Citigroup reaffirmed a “neutral” rating and set a $25.00 price objective (down from $29.00) on shares of COPT Defense Properties in a research note on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Get Our Latest Report on COPT Defense Properties

COPT Defense Properties Stock Down 0.3 %

NYSE:CDP opened at $25.47 on Thursday. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $26.80. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of -23.58, a PEG ratio of 2.41 and a beta of 0.98. The stock has a 50-day moving average price of $24.61 and a two-hundred day moving average price of $24.32.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.63%. COPT Defense Properties’s dividend payout ratio (DPR) is -109.26%.

COPT Defense Properties Profile

(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.

Read More

Want to see what other hedge funds are holding CDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for COPT Defense Properties (NYSE:CDPFree Report).

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

Receive News & Ratings for COPT Defense Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COPT Defense Properties and related companies with MarketBeat.com's FREE daily email newsletter.