Ameritas Investment Partners Inc. acquired a new stake in COPT Defense Properties (NYSE:CDP – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 67,721 shares of the company’s stock, valued at approximately $1,637,000. Ameritas Investment Partners Inc. owned approximately 0.06% of COPT Defense Properties at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allstate Corp acquired a new position in shares of COPT Defense Properties during the 1st quarter worth approximately $201,000. Ontario Teachers Pension Plan Board bought a new stake in COPT Defense Properties during the first quarter worth $4,065,000. Vanguard Group Inc. acquired a new stake in COPT Defense Properties in the first quarter valued at $407,496,000. Centersquare Investment Management LLC bought a new position in shares of COPT Defense Properties in the 1st quarter valued at about $1,279,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of COPT Defense Properties during the 1st quarter worth about $1,685,000.
Analysts Set New Price Targets
Separately, Wedbush reiterated an “outperform” rating and set a $28.00 price target (up previously from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.
COPT Defense Properties Price Performance
CDP traded up $0.01 on Wednesday, reaching $27.52. The company had a trading volume of 248,563 shares, compared to its average volume of 843,972. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $27.92. The company’s fifty day moving average is $25.01 and its 200 day moving average is $24.39.
COPT Defense Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, June 28th. COPT Defense Properties’s payout ratio is -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.
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