Barclays PLC Acquires 102,280 Shares of COPT Defense Properties (NYSE:CDP)

Barclays PLC lifted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 87.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,999 shares of the company's stock after buying an additional 102,280 shares during the period. Barclays PLC owned about 0.19% of COPT Defense Properties worth $6,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in COPT Defense Properties by 65.3% in the 2nd quarter. Millennium Management LLC now owns 3,274,008 shares of the company's stock valued at $81,948,000 after buying an additional 1,293,761 shares during the period. FMR LLC boosted its position in shares of COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company's stock valued at $83,810,000 after acquiring an additional 49,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in COPT Defense Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company's stock valued at $76,521,000 after acquiring an additional 18,770 shares during the period. Sei Investments Co. raised its position in COPT Defense Properties by 9.6% in the second quarter. Sei Investments Co. now owns 1,983,526 shares of the company's stock worth $49,648,000 after purchasing an additional 174,206 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in COPT Defense Properties by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,630,799 shares of the company's stock worth $40,818,000 after purchasing an additional 69,656 shares during the period.

Analysts Set New Price Targets

CDP has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. Truist Financial boosted their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, September 4th. 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. Finally, BTIG Research lifted their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

COPT Defense Properties Price Performance

CDP traded down $0.27 during midday trading on Thursday, hitting $30.66. The company had a trading volume of 728,467 shares, compared to its average volume of 889,821. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The firm's 50-day simple moving average is $32.00 and its 200-day simple moving average is $29.26. The company has a market capitalization of $3.46 billion, a PE ratio of 25.13 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). The company had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Equities research analysts predict that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties's dividend payout ratio is 96.72%.

About COPT Defense Properties

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.