ProShare Advisors LLC Has $511,000 Holdings in COPT Defense Properties (NYSE:CDP)

ProShare Advisors LLC trimmed its position in shares of COPT Defense Properties (NYSE:CDP) by 20.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,417 shares of the company’s stock after selling 5,332 shares during the period. ProShare Advisors LLC’s holdings in COPT Defense Properties were worth $511,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CDP. Vanguard Group Inc. acquired a new stake in shares of COPT Defense Properties in the first quarter worth about $407,496,000. Earnest Partners LLC bought a new stake in COPT Defense Properties during the first quarter worth approximately $129,344,000. Westwood Holdings Group Inc. acquired a new position in COPT Defense Properties during the first quarter valued at approximately $90,045,000. Sei Investments Co. raised its position in shares of COPT Defense Properties by 9.6% in the second quarter. Sei Investments Co. now owns 1,983,526 shares of the company’s stock valued at $49,648,000 after purchasing an additional 174,206 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of COPT Defense Properties by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,630,799 shares of the company’s stock worth $40,818,000 after buying an additional 69,656 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price 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. Wells Fargo & Company dropped their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Truist Financial raised their target price on COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Wedbush upped their price target on COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Evercore ISI raised their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average target price of $30.00.

Insiders Place Their Bets

In other news, COO Britt A. Snider bought 1,000 shares of COPT Defense Properties stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the purchase, the chief operating officer now owns 2,000 shares of the company’s stock, valued at $58,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

COPT Defense Properties Stock Up 0.1 %

Shares of CDP stock opened at $30.33 on Tuesday. COPT Defense Properties has a one year low of $22.20 and a one year high of $30.99. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a fifty day moving average price of $29.23 and a 200 day moving average price of $26.09. The stock has a market cap of $3.42 billion, a P/E ratio of -28.08, a price-to-earnings-growth ratio of 2.64 and a beta of 0.99.

COPT Defense Properties (NYSE:CDP) last issued its earnings results on Monday, July 29th. The company reported $0.31 earnings per share 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 business had revenue of $187.34 million for the quarter, compared to analyst estimates of $166.11 million. During the same quarter last year, the firm posted $0.60 earnings per share. COPT Defense Properties’s revenue was up 10.7% on a year-over-year basis. Analysts predict that COPT Defense Properties will post 2.57 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Monday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is -109.26%.

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.