Xponance Inc. Sells 1,012 Shares of COPT Defense Properties (NYSE:CDP)

Xponance Inc. cut its stake in COPT Defense Properties (NYSE:CDP) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,155 shares of the company’s stock after selling 1,012 shares during the quarter. Xponance Inc.’s holdings in COPT Defense Properties were worth $379,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp raised its position in shares of COPT Defense Properties by 1.0% in the second 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 during the period. Arizona State Retirement System raised its position in shares of COPT Defense Properties by 1.9% in the second quarter. Arizona State Retirement System now owns 31,508 shares of the company’s stock valued at $789,000 after purchasing an additional 578 shares during the period. Van ECK Associates Corp raised its position in shares of COPT Defense Properties by 5.1% in the second quarter. Van ECK Associates Corp now owns 19,981 shares of the company’s stock valued at $500,000 after purchasing an additional 967 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of COPT Defense Properties by 12.5% in 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 during the period. Finally, Bailard Inc. grew its stake in shares of COPT Defense Properties by 6.7% in the second quarter. Bailard Inc. now owns 17,400 shares of the company’s stock valued at $436,000 after acquiring an additional 1,100 shares in the last quarter.

Analysts Set New Price Targets

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

COPT Defense Properties Trading Up 1.0 %

Shares of COPT Defense Properties stock opened at $30.64 on Wednesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -28.37, a PEG ratio of 2.66 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $30.99. The firm’s 50-day moving average price is $29.29 and its two-hundred day moving average price is $26.14.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data 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). The firm had revenue of $187.34 million for the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, analysts forecast that COPT Defense Properties will post 2.56 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued 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 dividend yield of 3.85%. COPT Defense Properties’s dividend payout ratio (DPR) is currently -109.26%.

Insider Transactions at COPT Defense Properties

In related news, COO Britt A. Snider bought 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $29.41 per share, with a total value of $29,410.00. Following the completion of the acquisition, the chief operating officer now owns 2,000 shares of the company’s stock, valued at $58,820. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

About COPT Defense Properties

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.