Barrow Hanley Mewhinney & Strauss LLC Sells 353,170 Shares of COPT Defense Properties (NYSE:CDP)

Barrow Hanley Mewhinney & Strauss LLC cut its position in COPT Defense Properties (NYSE:CDP - Free Report) by 92.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,857 shares of the company's stock after selling 353,170 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC's holdings in COPT Defense Properties were worth $862,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in COPT Defense Properties by 21.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after acquiring an additional 590,051 shares during the period. Geode Capital Management LLC lifted its holdings in COPT Defense Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company's stock worth $88,797,000 after purchasing an additional 21,388 shares during the period. FMR LLC grew its position in COPT Defense Properties by 1.8% in the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company's stock valued at $83,810,000 after buying an additional 49,300 shares in the last quarter. Sei Investments Co. increased its stake in COPT Defense Properties by 1.2% during the 4th quarter. Sei Investments Co. now owns 2,139,455 shares of the company's stock valued at $66,216,000 after buying an additional 24,577 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of COPT Defense Properties by 61.2% during the 4th 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.

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COPT Defense Properties Trading Down 2.9 %

COPT Defense Properties stock traded down $0.80 during midday trading on Thursday, reaching $26.81. The stock had a trading volume of 489,433 shares, compared to its average volume of 911,800. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 21.77 and a beta of 0.96. The firm's fifty day simple moving average is $27.70 and its two-hundred day simple moving average is $30.03.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results 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 anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.55%. COPT Defense Properties's payout ratio is presently 99.19%.

Analyst Upgrades and Downgrades

CDP has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price objective on the stock. Truist Financial lifted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus target price of $33.43.

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.