Presima Securities ULC Grows Stake in COPT Defense Properties (NYSE:CDP)

Presima Securities ULC grew its position in COPT Defense Properties (NYSE:CDP) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,410 shares of the company’s stock after buying an additional 800 shares during the quarter. Presima Securities ULC’s holdings in COPT Defense Properties were worth $1,832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDP. CWM LLC raised its holdings in shares of COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company’s stock valued at $1,065,000 after acquiring an additional 475 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of COPT Defense Properties by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 58,401 shares of the company’s stock valued at $1,462,000 after purchasing an additional 574 shares in the last quarter. Arizona State Retirement System lifted its position in shares of COPT Defense Properties by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 31,508 shares of the company’s stock worth $789,000 after purchasing an additional 578 shares during the period. Van ECK Associates Corp lifted its position in shares of COPT Defense Properties by 5.1% in the 2nd quarter. Van ECK Associates Corp now owns 19,981 shares of the company’s stock worth $500,000 after purchasing an additional 967 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of COPT Defense Properties by 12.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,342 shares of the company’s stock valued at $233,000 after purchasing an additional 1,037 shares in the last quarter.

Insider Activity at COPT Defense Properties

In other news, COO Britt A. Snider purchased 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $29.41 per share, with a total value of $29,410.00. Following the transaction, the chief operating officer now owns 2,000 shares in the company, valued at $58,820. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by insiders.

COPT Defense Properties Trading Up 0.7 %

COPT Defense Properties stock opened at $32.33 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market cap of $3.64 billion, a PE ratio of -31.09 and a beta of 0.99. The stock has a 50-day moving average of $29.92 and a two-hundred day moving average of $26.68. COPT Defense Properties has a one year low of $22.20 and a one year high of $32.49.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.33). The company had revenue of $187.34 million during the quarter, compared to analysts’ expectations of $166.11 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, research analysts anticipate that COPT Defense Properties will post 2.57 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Monday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is presently -113.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Wedbush raised their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Truist Financial increased their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, COPT Defense Properties presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

COPT Defense Properties Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.