COPT Defense Properties (NYSE:CDP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in COPT Defense Properties (NYSE:CDP) by 73.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,669 shares of the company’s stock after selling 27,009 shares during the quarter. SG Americas Securities LLC’s holdings in COPT Defense Properties were worth $293,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its stake in 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 buying an additional 574 shares during the period. Arizona State Retirement System increased its stake in COPT Defense Properties by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 31,508 shares of the company’s stock valued at $789,000 after buying an additional 578 shares during the period. Van ECK Associates Corp increased its stake in COPT Defense Properties by 5.1% in the 2nd quarter. Van ECK Associates Corp now owns 19,981 shares of the company’s stock valued at $500,000 after buying an additional 967 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in COPT Defense Properties by 12.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,342 shares of the company’s stock valued at $233,000 after buying an additional 1,037 shares during the period. Finally, Bailard Inc. increased its stake in COPT Defense Properties by 6.7% in the 2nd quarter. Bailard Inc. now owns 17,400 shares of the company’s stock valued at $436,000 after buying an additional 1,100 shares during the period.

Analysts Set New Price Targets

Several brokerages have issued reports on CDP. Truist Financial boosted their price objective 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 boosted their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their target price on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Wedbush boosted their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, 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 research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.00.

COPT Defense Properties Price Performance

COPT Defense Properties stock opened at $32.36 on Monday. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $32.51. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. The firm’s 50-day simple moving average is $30.06 and its 200 day simple moving average is $26.83. The firm has a market capitalization of $3.65 billion, a PE ratio of -31.12 and a beta of 0.99.

COPT Defense Properties (NYSE:CDP) last released 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). COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business had revenue of $187.34 million during the quarter, compared to analysts’ expectations of $166.11 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. COPT Defense Properties’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts predict that COPT Defense Properties will post 2.57 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $0.295 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a yield of 3.65%. COPT Defense Properties’s dividend payout ratio (DPR) is -113.46%.

Insider Buying and Selling at COPT Defense Properties

In other news, COO Britt A. Snider bought 1,000 shares of COPT Defense Properties stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $29.41 per share, for a total transaction of $29,410.00. Following the acquisition, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.06% of the stock is owned by insiders.

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.