Captrust Financial Advisors Sells 567 Shares of COPT Defense Properties (NYSE:CDP)

Captrust Financial Advisors reduced its position in COPT Defense Properties (NYSE:CDP) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,177 shares of the company’s stock after selling 567 shares during the quarter. Captrust Financial Advisors’ holdings in COPT Defense Properties were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in COPT Defense Properties during the fourth quarter valued at $16,063,000. KBC Group NV grew its holdings in COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock worth $157,000 after acquiring an additional 1,271 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of COPT Defense Properties by 192.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company’s stock valued at $35,847,000 after buying an additional 762,840 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of COPT Defense Properties during the fourth quarter valued at about $1,397,000. Finally, Asset Management One Co. Ltd. boosted its stake in COPT Defense Properties by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 233,826 shares of the company’s stock worth $7,258,000 after purchasing an additional 13,302 shares in the last quarter.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, Director Robert L. Denton sold 4,398 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is currently owned by corporate insiders.

COPT Defense Properties Trading Up 0.1%

Shares of CDP opened at $27.49 on Wednesday. The firm has a 50-day moving average price of $26.52 and a 200 day moving average price of $28.79. 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 firm has a market capitalization of $3.10 billion, a P/E ratio of 22.35 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The firm 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 firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.44%. COPT Defense Properties’s payout ratio is 97.60%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price target 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. Jefferies Financial Group assumed coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a “buy” rating and a $31.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

About COPT Defense Properties

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.