Ameritas Investment Partners Inc. Purchases Shares of 67,721 COPT Defense Properties (NYSE:CDP)

Ameritas Investment Partners Inc. acquired a new stake in COPT Defense Properties (NYSE:CDP) 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.