Vanguard Personalized Indexing Management LLC Grows Position in COPT Defense Properties (NYSE:CDP)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of COPT Defense Properties (NYSE:CDP) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,342 shares of the company’s stock after purchasing an additional 1,037 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in COPT Defense Properties were worth $233,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of COPT Defense Properties in the 1st quarter valued at $407,496,000. Earnest Partners LLC purchased a new stake in shares of COPT Defense Properties in the 1st quarter valued at $129,344,000. Westwood Holdings Group Inc. purchased a new stake in shares of COPT Defense Properties in the 1st quarter valued at $90,045,000. Sei Investments Co. purchased a new stake in shares of COPT Defense Properties in the 1st quarter valued at $43,731,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of COPT Defense Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,630,799 shares of the company’s stock valued at $40,818,000 after acquiring an additional 69,656 shares during the last quarter.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $30.58 on Monday. The firm has a 50-day simple moving average of $29.16 and a 200-day simple moving average of $26.05. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -28.31, a price-to-earnings-growth ratio of 2.64 and a beta of 0.99. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $30.99.

COPT Defense Properties (NYSE:CDP) last issued its 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). The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. COPT Defense Properties’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities analysts predict that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, September 30th. COPT Defense Properties’s dividend payout ratio is currently -109.26%.

Insider Activity at COPT Defense Properties

In other news, COO Britt A. Snider acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $29.41 per share, with a total value of $29,410.00. Following the completion of the acquisition, the chief operating officer now owns 2,000 shares of the company’s stock, valued at approximately $58,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial upped their price objective on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Evercore ISI increased their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Wedbush increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company lowered their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

COPT Defense Properties 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.