Stifel Financial Corp Sells 724 Shares of COPT Defense Properties (NYSE:CDP)

Stifel Financial Corp cut its holdings in shares of COPT Defense Properties (NYSE:CDP) by 7.9% during the 4th quarter, HoldingsChannel reports. The fund owned 8,384 shares of the company’s stock after selling 724 shares during the quarter. Stifel Financial Corp’s holdings in COPT Defense Properties were worth $259,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FIL Ltd boosted its position in shares of COPT Defense Properties by 17.8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after purchasing an additional 391 shares in the last quarter. USA Financial Formulas purchased a new stake in COPT Defense Properties in the 4th quarter worth $90,000. Meeder Asset Management Inc. bought a new position in shares of COPT Defense Properties during the fourth quarter worth $110,000. Spirit of America Management Corp NY increased its position in COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock worth $155,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group assumed coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average price target of $33.43.

COPT Defense Properties Price Performance

CDP opened at $26.47 on Thursday. The business’s 50-day moving average is $26.47 and its two-hundred day moving average is $28.95. The firm has a market capitalization of $2.99 billion, a PE ratio of 21.52 and a beta of 0.86. 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 has a 1 year low of $23.47 and a 1 year high of $34.22.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. COPT Defense Properties’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. Research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were issued a $0.305 dividend. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Monday, March 31st. COPT Defense Properties’s dividend 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.