Asset Management One Co. Ltd. increased its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,826 shares of the company's stock after acquiring an additional 13,302 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.21% of COPT Defense Properties worth $7,258,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC increased its stake in shares of COPT Defense Properties by 3.5% during the third quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company's stock worth $525,000 after purchasing an additional 584 shares in the last quarter. GAMMA Investing LLC boosted its stake in COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after buying an additional 614 shares during the last quarter. M&T Bank Corp boosted its position in shares of COPT Defense Properties by 3.4% during the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company's stock valued at $644,000 after acquiring an additional 701 shares during the last quarter. KBC Group NV grew its stake in shares of COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after buying an additional 840 shares during the period. Finally, Spirit of America Management Corp NY increased its stake in COPT Defense Properties by 25.0% during the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after acquiring an additional 1,000 shares during the last quarter.
Analysts Set New Price Targets
CDP has been the subject of several research analyst reports. Truist Financial raised their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. BTIG Research raised their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Evercore ISI boosted their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group reduced their price target on shares of COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.88.
Get Our Latest Research Report on COPT Defense Properties
COPT Defense Properties Stock Performance
COPT Defense Properties stock traded up $0.04 during midday trading on Friday, hitting $26.77. 1,224,944 shares of the company's stock were exchanged, compared to its average volume of 1,001,575. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 21.76 and a beta of 0.98. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The firm's 50 day simple moving average is $29.66 and its 200 day simple moving average is $30.44.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. Equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be paid a $0.305 dividend. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties's payout ratio is currently 95.93%.
COPT Defense Properties Profile
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Free Report)
COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.
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