UniSuper Management Pty Ltd Invests $776,000 in COPT Defense Properties (NYSE:CDP)

UniSuper Management Pty Ltd bought a new position in shares of COPT Defense Properties (NYSE:CDP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,100 shares of the company’s stock, valued at approximately $776,000.

Other large investors have also recently bought and sold shares of the company. State of Michigan Retirement System acquired a new position in shares of COPT Defense Properties during the 1st quarter worth about $665,000. Handelsinvest Investeringsforvaltning acquired a new position in COPT Defense Properties in the first quarter valued at approximately $455,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in COPT Defense Properties in the first quarter valued at approximately $3,081,000. State of Alaska Department of Revenue acquired a new stake in COPT Defense Properties during the first quarter worth approximately $1,581,000. Finally, Leeward Investments LLC MA purchased a new stake in shares of COPT Defense Properties during the 1st quarter worth approximately $13,350,000.

COPT Defense Properties Stock Performance

Shares of COPT Defense Properties stock traded up $0.57 during trading on Thursday, reaching $27.80. The company’s stock had a trading volume of 17,108 shares, compared to its average volume of 841,625. The company has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $24.41. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $27.92. The firm has a market cap of $3.13 billion, a PE ratio of -25.21, a P/E/G ratio of 2.63 and a beta of 0.98. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 1.58.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.18 dividend on an annualized basis and a yield of 4.24%. COPT Defense Properties’s dividend payout ratio is presently -109.26%.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated an “outperform” rating and set a $28.00 price target (up from $27.00) on shares of COPT Defense Properties in a research note on Monday, April 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.