COPT Defense Properties (NYSE:CDP) Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its holdings in shares of COPT Defense Properties (NYSE:CDP) by 38.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,100 shares of the company’s stock after purchasing an additional 8,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in COPT Defense Properties were worth $856,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of COPT Defense Properties by 813.0% in the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company’s stock valued at $193,371,000 after purchasing an additional 5,563,548 shares in the last quarter. Norges Bank acquired a new position in shares of COPT Defense Properties in the fourth quarter worth $45,718,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 590,051 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of COPT Defense Properties during the fourth quarter worth $16,063,000. Finally, FMR LLC raised its stake in shares of COPT Defense Properties by 12.2% in the fourth quarter. FMR LLC now owns 3,099,052 shares of the company’s stock valued at $95,916,000 after acquiring an additional 335,775 shares in the last quarter.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties 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 is available through this link. 1.42% of the stock is owned by company insiders.

COPT Defense Properties Trading Down 0.3%

Shares of NYSE:CDP opened at $27.94 on Tuesday. COPT Defense Properties has a 52 week low of $23.92 and a 52 week high of $34.22. The company’s 50 day moving average is $28.00 and its two-hundred day moving average is $27.56. The company has a market cap of $3.15 billion, a PE ratio of 22.35 and a beta of 0.87. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 1.57.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Monday, July 28th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $175.60 million for the quarter, compared to analyst estimates of $186.55 million. COPT Defense Properties had a return on equity of 9.19% and a net margin of 18.86%. COPT Defense Properties’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. Equities analysts predict 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 was paid on Wednesday, July 16th. Investors of record on Monday, June 30th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.37%. The ex-dividend date was Monday, June 30th. COPT Defense Properties’s payout ratio is 97.60%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their target price on 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

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.