Bailard Inc. Has $436,000 Position in COPT Defense Properties (NYSE:CDP)

Bailard Inc. increased its stake in shares of COPT Defense Properties (NYSE:CDP) by 6.7% during the 2nd quarter, Holdings Channel reports. The fund owned 17,400 shares of the company’s stock after acquiring an additional 1,100 shares during the period. Bailard Inc.’s holdings in COPT Defense Properties were worth $436,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of COPT Defense Properties during the first quarter valued at approximately $407,496,000. Earnest Partners LLC acquired a new stake in COPT Defense Properties in the 1st quarter valued at $129,344,000. Westwood Holdings Group Inc. bought a new stake in COPT Defense Properties during the 1st quarter valued at $90,045,000. Sei Investments Co. acquired a new position in COPT Defense Properties during the first quarter worth $43,731,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of COPT Defense Properties in the first quarter valued at $21,211,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CDP. Evercore ISI boosted 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 report on Wednesday, July 31st. Wedbush boosted their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.43.

COPT Defense Properties Trading Down 0.0 %

Shares of CDP stock opened at $29.11 on Tuesday. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $29.50. The company has a 50-day simple moving average of $27.06 and a two-hundred day simple moving average of $25.10. 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 company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -26.95, a PEG ratio of 2.72 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.33). COPT Defense Properties had a negative return on equity of 7.52% and a negative net margin of 15.75%. The business had revenue of $187.34 million for the quarter, compared to the consensus estimate of $166.11 million. During the same quarter last year, the business posted $0.60 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that COPT Defense Properties will post 2.56 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.18 annualized dividend and a yield of 4.05%. COPT Defense Properties’s payout ratio is currently -109.26%.

COPT Defense Properties Company 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.