Bokf Na Purchases 10,928 Shares of COPT Defense Properties (NYSE:CDP)

Bokf Na grew its position in COPT Defense Properties (NYSE:CDP) by 7,050.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,083 shares of the company’s stock after purchasing an additional 10,928 shares during the period. Bokf Na’s holdings in COPT Defense Properties were worth $324,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after buying an additional 614 shares during the last quarter. FIL Ltd increased its position in shares of COPT Defense Properties by 17.8% during the fourth quarter. FIL Ltd now owns 2,591 shares of the company’s stock valued at $80,000 after acquiring an additional 391 shares during the last quarter. USA Financial Formulas bought a new stake in COPT Defense Properties during the fourth quarter worth $90,000. Meeder Asset Management Inc. purchased a new position in COPT Defense Properties in the fourth quarter worth $110,000. Finally, Spirit of America Management Corp NY grew its stake in COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after purchasing an additional 1,000 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a “buy” rating and a $31.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average target price of $33.43.

COPT Defense Properties Stock Up 0.9 %

CDP stock opened at $26.78 on Friday. The stock has a fifty day moving average of $26.48 and a 200-day moving average of $29.04. COPT Defense Properties has a fifty-two week low of $23.47 and a fifty-two week high of $34.22. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 21.77 and a beta of 0.86. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, April 28th. The company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $187.86 million during the quarter, compared to analyst estimates of $186.37 million. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. As a group, equities research analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a dividend of $0.305 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.56%. COPT Defense Properties’s dividend payout ratio is currently 97.60%.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.