Asset Management One Co. Ltd. Boosts Stake in COPT Defense Properties (NYSE:CDP)

Asset Management One Co. Ltd. grew its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,524 shares of the company's stock after buying an additional 32,362 shares during the quarter. Asset Management One Co. Ltd. owned about 0.20% of COPT Defense Properties worth $6,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Heritage Wealth Advisors bought a new stake in COPT Defense Properties in the first quarter valued at about $39,000. Spirit of America Management Corp NY bought a new position in shares of COPT Defense Properties in the 2nd quarter valued at about $50,000. Quarry LP increased its position in COPT Defense Properties by 711.4% during the second quarter. Quarry LP now owns 3,481 shares of the company's stock worth $87,000 after buying an additional 3,052 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of COPT Defense Properties during the first quarter worth approximately $100,000. Finally, Lazard Asset Management LLC bought a new position in shares of COPT Defense Properties during the first quarter worth approximately $102,000.

Insider Buying and Selling at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $29.41 per share, with a total value of $29,410.00. Following the acquisition, the chief operating officer now owns 2,000 shares of the company's stock, valued at $58,820. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

COPT Defense Properties Stock Performance

CDP traded down $0.24 on Friday, reaching $32.14. The stock had a trading volume of 1,277,539 shares, compared to its average volume of 838,386. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The business's 50-day moving average price is $31.04 and its two-hundred day moving average price is $27.73. The company has a current ratio of 2.38, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.62 billion, a P/E ratio of 26.34 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.32). The business had revenue of $189.23 million during the quarter, compared to analysts' expectations of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. COPT Defense Properties's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Sell-side analysts forecast that COPT Defense Properties will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, September 4th. Wedbush lifted 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. Truist Financial raised their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, August 29th. Finally, Evercore ISI lifted their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.86.

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.