Wealth Enhancement Advisory Services LLC Buys 3,866 Shares of COPT Defense Properties (NYSE:CDP)

Wealth Enhancement Advisory Services LLC increased its position in shares of COPT Defense Properties (NYSE:CDP) by 28.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,517 shares of the company’s stock after buying an additional 3,866 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in COPT Defense Properties were worth $478,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in COPT Defense Properties by 321.7% during the 1st quarter. UMB Bank n.a. now owns 1,071 shares of the company’s stock worth $29,000 after acquiring an additional 817 shares during the period. GF Fund Management CO. LTD. bought a new stake in COPT Defense Properties in the 4th quarter valued at about $63,000. FIL Ltd increased its holdings in COPT Defense Properties by 17.8% during the 4th quarter. FIL Ltd now owns 2,591 shares of the company’s stock worth $80,000 after purchasing an additional 391 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of COPT Defense Properties in the fourth quarter valued at approximately $110,000. Finally, Landscape Capital Management L.L.C. purchased a new position in COPT Defense Properties in the fourth quarter valued at approximately $204,000.

Analysts Set New Price Targets

A number of research analysts recently commented on CDP shares. 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 research note on Monday, May 19th. Jefferies Financial Group began coverage on 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

COPT Defense Properties Price Performance

Shares of CDP stock opened at $28.39 on Friday. COPT Defense Properties has a twelve month low of $23.92 and a twelve month high of $34.22. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $3.20 billion, a PE ratio of 22.71 and a beta of 0.87. The firm has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $27.87.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Monday, April 28th. The company reported $0.65 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 company had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $186.37 million. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Monday, June 30th will be given a dividend of $0.305 per share. The ex-dividend date is Monday, June 30th. This represents a $1.22 dividend on an annualized basis and a yield of 4.30%. COPT Defense Properties’s payout ratio is presently 97.60%.

Insider Buying and Selling at COPT Defense Properties

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 SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by corporate insiders.

COPT Defense Properties Company 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.