577,513 Shares in COPT Defense Properties (NYSE:CDP) Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of COPT Defense Properties (NYSE:CDP) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 577,513 shares of the company’s stock, valued at approximately $13,958,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.51% of COPT Defense Properties at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of COPT Defense Properties during the 1st quarter worth approximately $36,000. Heritage Wealth Advisors acquired a new position in COPT Defense Properties in the 1st quarter valued at $39,000. Securian Asset Management Inc. acquired a new position in COPT Defense Properties in the 1st quarter valued at $223,000. Entropy Technologies LP acquired a new position in COPT Defense Properties in the 1st quarter valued at $232,000. Finally, Central Pacific Bank Trust Division acquired a new position in COPT Defense Properties in the 1st quarter valued at $234,000.

COPT Defense Properties Stock Up 0.7 %

COPT Defense Properties stock traded up $0.20 during trading on Thursday, reaching $26.95. 107,245 shares of the company’s stock were exchanged, compared to its average volume of 846,597. The company’s 50-day moving average is $24.81 and its two-hundred day moving average is $24.36. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 1.58. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $27.50.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $0.295 per share. The ex-dividend date was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a yield of 4.38%. COPT Defense Properties’s dividend payout ratio (DPR) is -109.26%.

Analyst Ratings Changes

CDP has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $28.00 price target (up from $27.00) on shares of COPT Defense Properties in a report on Monday, April 29th. Citigroup reiterated a “neutral” rating and issued a $25.00 price target (down from $29.00) on shares of COPT Defense Properties in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.