Bank of New York Mellon Corp Acquires 9,836 Shares of COPT Defense Properties (NYSE:CDP)

Bank of New York Mellon Corp raised its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,141,670 shares of the company's stock after purchasing an additional 9,836 shares during the quarter. Bank of New York Mellon Corp owned 1.01% of COPT Defense Properties worth $35,335,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in COPT Defense Properties by 61.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock worth $59,001,000 after buying an additional 723,486 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in COPT Defense Properties by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after acquiring an additional 710,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in COPT Defense Properties by 404.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company's stock worth $24,043,000 after purchasing an additional 635,705 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in COPT Defense Properties by 72.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 876,366 shares of the company's stock valued at $26,580,000 after purchasing an additional 367,969 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of COPT Defense Properties by 50.0% during the 3rd quarter. Jane Street Group LLC now owns 358,026 shares of the company's stock worth $10,859,000 after purchasing an additional 119,316 shares during the period.

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Analyst Ratings Changes

Several research firms recently weighed in on CDP. Jefferies Financial Group reduced their price target on shares of COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. BTIG Research raised their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Truist Financial boosted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, COPT Defense Properties presently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

COPT Defense Properties Price Performance

NYSE CDP traded down $0.34 on Tuesday, hitting $26.79. The stock had a trading volume of 1,417,956 shares, compared to its average volume of 850,929. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 21.78 and a beta of 0.96. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22. The firm has a 50-day moving average of $28.70 and a 200-day moving average of $30.33. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, March 31st. COPT Defense Properties's payout ratio is currently 99.19%.

COPT Defense Properties Company Profile

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.