Asset Management One Co. Ltd. Buys 3,351 Shares of COPT Defense Properties (NYSE:CDP)

Asset Management One Co. Ltd. grew its stake in COPT Defense Properties (NYSE:CDP) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,177 shares of the company’s stock after acquiring an additional 3,351 shares during the period. Asset Management One Co. Ltd. owned 0.21% of COPT Defense Properties worth $6,468,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in COPT Defense Properties by 321.7% in the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock valued at $29,000 after purchasing an additional 817 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in COPT Defense Properties in the 4th quarter valued at about $63,000. FIL Ltd lifted its stake in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after purchasing an additional 391 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in COPT Defense Properties in the 4th quarter valued at about $110,000. Finally, Central Pacific Bank Trust Division lifted its stake in COPT Defense Properties by 10.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company’s stock valued at $187,000 after purchasing an additional 660 shares during the last quarter.

Insider Activity

In other news, Director Robert L. Denton sold 4,398 shares of COPT Defense Properties 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Jefferies Financial Group started 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 objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.14.

COPT Defense Properties Trading Down 0.6%

Shares of CDP stock opened at $27.77 on Friday. The firm has a 50 day moving average price of $27.37 and a two-hundred day moving average price of $28.01. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $3.13 billion, a PE ratio of 22.21 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 data on Monday, April 28th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $187.86 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be given a $0.305 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.39%. 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.