18,824 Shares in COPT Defense Properties (NYSE:CDP) Acquired by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning acquired a new position in COPT Defense Properties (NYSE:CDP) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,824 shares of the company’s stock, valued at approximately $455,000.

Separately, State of Michigan Retirement System acquired a new stake in shares of COPT Defense Properties during the 1st quarter valued at $665,000.

Analyst Ratings Changes

A number of brokerages have issued reports on CDP. Wedbush reissued an “outperform” rating and set a $28.00 target price (up previously from $27.00) on shares of COPT Defense Properties in a research note on Monday, April 29th. Citigroup reissued a “neutral” rating and set a $25.00 target price (down previously from $29.00) on shares of COPT Defense Properties in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $25.35 on Thursday. The firm’s fifty day simple moving average is $24.44 and its 200-day simple moving average is $24.31. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.66 and a current ratio of 3.66. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $26.80.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.295 per share. The ex-dividend date is Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.65%. COPT Defense Properties’s dividend payout ratio is currently -109.26%.

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.