COPT Defense Properties $CDP Shares Bought by US Bancorp DE

US Bancorp DE boosted its holdings in shares of COPT Defense Properties (NYSE:CDP) by 114.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,770 shares of the company’s stock after acquiring an additional 2,008 shares during the period. US Bancorp DE’s holdings in COPT Defense Properties were worth $103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in COPT Defense Properties by 321.7% during the first 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 last quarter. GF Fund Management CO. LTD. acquired a new position in COPT Defense Properties during the fourth quarter worth about $63,000. Central Pacific Bank Trust Division raised its position in COPT Defense Properties by 10.7% during the first quarter. Central Pacific Bank Trust Division now owns 6,854 shares of the company’s stock worth $187,000 after acquiring an additional 660 shares during the last quarter. FJ Capital Management LLC acquired a new position in COPT Defense Properties during the fourth quarter worth about $222,000. Finally, Gallacher Capital Management LLC acquired a new position in COPT Defense Properties during the first quarter worth about $201,000.

Wall Street Analyst Weigh In

Separately, 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 report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.17.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $27.86 on Monday. The firm has a 50 day simple moving average of $28.09 and a 200-day simple moving average of $27.38. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $3.15 billion, a PE ratio of 21.77 and a beta of 0.87. COPT Defense Properties has a 1-year low of $23.92 and a 1-year high of $34.22.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $175.60 million during the quarter, compared to analyst estimates of $186.55 million. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, equities analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 30th. COPT Defense Properties’s payout ratio is presently 95.31%.

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.