COPT Defense Properties (NYSE:CDP) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in COPT Defense Properties (NYSE:CDP) by 2.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,450 shares of the company’s stock after selling 1,122 shares during the period. Yousif Capital Management LLC’s holdings in COPT Defense Properties were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of COPT Defense Properties by 813.0% during the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company’s stock worth $193,371,000 after buying an additional 5,563,548 shares during the period. Earnest Partners LLC grew its holdings in shares of COPT Defense Properties by 1.9% during the fourth quarter. Earnest Partners LLC now owns 4,795,639 shares of the company’s stock worth $148,425,000 after purchasing an additional 89,571 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of COPT Defense Properties by 21.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company’s stock worth $101,621,000 after buying an additional 590,051 shares during the last quarter. FMR LLC grew its holdings in shares of COPT Defense Properties by 12.2% during the fourth quarter. FMR LLC now owns 3,099,052 shares of the company’s stock worth $95,916,000 after buying an additional 335,775 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in COPT Defense Properties by 1.2% in the 4th quarter. Sei Investments Co. now owns 2,139,455 shares of the company’s stock valued at $66,216,000 after purchasing an additional 24,577 shares in the last quarter.

Insider Activity at COPT Defense Properties

In related news, Director Robert L. Denton sold 4,398 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $26.70, for a total value of $117,426.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CDP has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They set a “buy” rating and a $31.00 price target for the company. Wells Fargo & Company cut their price target on COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

COPT Defense Properties Trading Up 0.1%

COPT Defense Properties stock opened at $28.60 on Thursday. The firm has a 50 day simple moving average of $27.05 and a 200-day simple moving average of $28.25. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.21 and a quick ratio of 3.21. The stock has a market capitalization of $3.23 billion, a PE ratio of 22.88 and a beta of 0.88. COPT Defense Properties has a 12-month low of $23.92 and a 12-month high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. COPT Defense Properties had a net margin of 18.86% and a return on equity of 9.19%. The business had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 annualized dividend and a dividend yield of 4.27%. COPT Defense Properties’s payout ratio is 97.60%.

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.