COPT Defense Properties (NYSE:CDP) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its stake in COPT Defense Properties (NYSE:CDP) by 23.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 830,507 shares of the company’s stock after selling 255,687 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.74% of COPT Defense Properties worth $20,788,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in COPT Defense Properties in the 1st quarter worth about $407,496,000. Earnest Partners LLC acquired a new stake in shares of COPT Defense Properties in the first quarter valued at about $129,344,000. Westwood Holdings Group Inc. purchased a new position in shares of COPT Defense Properties in the first quarter worth about $90,045,000. Sei Investments Co. acquired a new stake in shares of COPT Defense Properties in the first quarter valued at approximately $43,731,000. Finally, Principal Financial Group Inc. raised its holdings in shares of COPT Defense Properties by 179.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,190,853 shares of the company’s stock worth $29,807,000 after acquiring an additional 764,859 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently commented on CDP. Wedbush upped their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Truist Financial boosted their price objective on COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company raised their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Friday. Finally, Evercore ISI raised their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average target price of $29.50.

COPT Defense Properties Trading Down 0.1 %

NYSE:CDP opened at $29.79 on Friday. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $30.05. The stock has a market cap of $3.36 billion, a P/E ratio of -27.58, a P/E/G ratio of 2.72 and a beta of 0.98. 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 50-day simple moving average of $27.46 and a 200-day simple moving average of $25.24.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that COPT Defense Properties will post 2.56 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a $0.295 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a yield of 3.96%. COPT Defense Properties’s dividend payout ratio (DPR) is presently -109.26%.

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.