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

SG Americas Securities LLC boosted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 173.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,678 shares of the company's stock after purchasing an additional 23,257 shares during the period. SG Americas Securities LLC's holdings in COPT Defense Properties were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of COPT Defense Properties during the 1st quarter worth approximately $36,000. Heritage Wealth Advisors purchased a new stake in COPT Defense Properties in the first quarter valued at $39,000. Bessemer Group Inc. acquired a new position in shares of COPT Defense Properties in the 1st quarter valued at $100,000. Lazard Asset Management LLC purchased a new position in shares of COPT Defense Properties during the 1st quarter worth $102,000. Finally, Allstate Corp acquired a new stake in shares of COPT Defense Properties during the 1st quarter worth about $201,000.

COPT Defense Properties Stock Down 0.5 %

Shares of NYSE:CDP traded down $0.15 on Friday, hitting $28.60. 1,015,115 shares of the company's stock were exchanged, compared to its average volume of 790,587. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $29.50. The company has a market capitalization of $3.22 billion, a PE ratio of -26.48, a P/E/G ratio of 2.76 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 3.17 and a current ratio of 3.17. The firm's 50-day moving average is $26.50 and its 200 day moving average is $24.85.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results 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 net margin of 15.75% and a negative return on equity of 7.52%. The company 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 company earned $0.60 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts predict that COPT Defense Properties will post 2.56 EPS for the current year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Monday, September 30th. COPT Defense Properties's dividend payout ratio (DPR) is currently -109.26%.

Analyst Upgrades and Downgrades

CDP has been the subject of several research analyst reports. Evercore ISI increased 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 note on Wednesday, July 31st. Wedbush upped their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Three 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.43.

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.