Vident Advisory LLC Has $1.83 Million Position in COPT Defense Properties (NYSE:CDP)

Vident Advisory LLC cut its stake in COPT Defense Properties (NYSE:CDP) by 38.1% during the fourth quarter, HoldingsChannel reports. The fund owned 59,136 shares of the company’s stock after selling 36,456 shares during the quarter. Vident Advisory LLC’s holdings in COPT Defense Properties were worth $1,830,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CDP. FIL Ltd boosted its position in 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 during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of COPT Defense Properties during the 4th quarter worth about $110,000. Spirit of America Management Corp NY raised its stake in shares of COPT Defense Properties by 25.0% during the 4th 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 in the last quarter. KBC Group NV lifted its holdings in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after buying an additional 1,271 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of COPT Defense Properties in the 4th quarter valued at approximately $204,000.

Analysts Set New Price Targets

A number of research firms recently commented on CDP. Jefferies Financial Group assumed coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a “buy” rating and a $31.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of COPT Defense Properties from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.14.

COPT Defense Properties Stock Up 0.1%

Shares of CDP stock opened at $26.99 on Friday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 21.95 and a beta of 0.86. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The stock’s 50 day simple moving average is $26.53 and its 200 day simple moving average is $28.74. COPT Defense Properties has a twelve month low of $23.47 and a twelve month high of $34.22.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings results on Monday, April 28th. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. The company had revenue of $187.86 million for the quarter, compared to analyst estimates of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Announces Dividend

The company 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. This represents a $1.22 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, June 30th. COPT Defense Properties’s dividend payout ratio is 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 dated Thursday, May 15th. The stock was sold at an average price of $26.70, for a total value of $117,426.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

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.