Envestnet Asset Management Inc. Decreases Holdings in COPT Defense Properties (NYSE:CDP)

Envestnet Asset Management Inc. decreased its holdings in COPT Defense Properties (NYSE:CDP - Free Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,659 shares of the company's stock after selling 72,642 shares during the period. Envestnet Asset Management Inc. owned 0.19% of COPT Defense Properties worth $6,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC grew 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 in the last quarter. USA Financial Formulas purchased a new position in shares of COPT Defense Properties in the fourth quarter valued at $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties during the 3rd quarter valued at $91,000. Meeder Asset Management Inc. bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at $110,000. Finally, Spirit of America Management Corp NY lifted its holdings in COPT Defense Properties by 25.0% during the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after purchasing an additional 1,000 shares in the last quarter.

Analyst Upgrades and Downgrades

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

COPT Defense Properties Price Performance

NYSE CDP traded down $0.11 during trading on Friday, reaching $26.39. The company's stock had a trading volume of 68,541 shares, compared to its average volume of 915,857. The stock has a market capitalization of $2.98 billion, a PE ratio of 21.45 and a beta of 0.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The firm has a fifty day moving average of $26.60 and a 200 day moving average of $29.46. COPT Defense Properties has a one year low of $22.53 and a one year high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. Analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were issued a dividend of $0.305 per share. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Monday, March 31st. COPT Defense Properties's payout ratio is currently 99.19%.

About COPT Defense Properties

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.