COPT Defense Properties (NYSE:CDP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in COPT Defense Properties (NYSE:CDP) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,758 shares of the company’s stock after selling 1,254 shares during the quarter. Ameriprise Financial Inc. owned 0.18% of COPT Defense Properties worth $6,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC boosted its holdings in COPT Defense Properties by 4.2% in the fourth quarter. Algert Global LLC now owns 483,968 shares of the company’s stock valued at $14,979,000 after acquiring an additional 19,332 shares during the last quarter. AXA S.A. boosted its holdings in COPT Defense Properties by 250.4% in the fourth quarter. AXA S.A. now owns 27,508 shares of the company’s stock valued at $851,000 after acquiring an additional 19,657 shares during the last quarter. Adelante Capital Management LLC boosted its holdings in COPT Defense Properties by 27.5% in the fourth quarter. Adelante Capital Management LLC now owns 18,329 shares of the company’s stock valued at $567,000 after acquiring an additional 3,953 shares during the last quarter. AQR Capital Management LLC boosted its holdings in COPT Defense Properties by 32.5% in the fourth quarter. AQR Capital Management LLC now owns 1,103,627 shares of the company’s stock valued at $33,981,000 after acquiring an additional 270,508 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in COPT Defense Properties by 19.4% in the fourth quarter. Northern Trust Corp now owns 1,737,815 shares of the company’s stock valued at $53,785,000 after acquiring an additional 281,834 shares during the last quarter.

Insider Transactions at COPT Defense Properties

In other news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $26.70, for a total transaction of $117,426.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CDP. Wells Fargo & Company reduced their target price on COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a “buy” rating and a $31.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average target price of $33.14.

COPT Defense Properties Trading Down 0.0%

Shares of CDP opened at $26.98 on Friday. The stock’s 50-day moving average is $26.52 and its two-hundred day moving average is $28.70. The stock has a market cap of $3.05 billion, a PE ratio of 21.93 and a beta of 0.86. COPT Defense Properties has a 12 month low of $23.47 and a 12 month high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The company had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $186.37 million. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Monday, June 30th. COPT Defense Properties’s payout ratio is 97.60%.

COPT Defense Properties 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.