BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Holdings in COPT Defense Properties (NYSE:CDP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 72.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 876,366 shares of the company's stock after purchasing an additional 367,969 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.78% of COPT Defense Properties worth $26,580,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Spirit of America Management Corp NY acquired a new stake in COPT Defense Properties during the 2nd quarter worth about $50,000. Quarry LP lifted its position in shares of COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock worth $87,000 after buying an additional 3,052 shares in the last quarter. KBC Group NV raised its holdings 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 worth $116,000 after purchasing an additional 840 shares during the period. Bessemer Group Inc. bought a new stake in shares of COPT Defense Properties in the 1st quarter worth approximately $100,000. Finally, Lazard Asset Management LLC bought a new stake in shares of COPT Defense Properties in the 1st quarter worth approximately $102,000.

Insider Buying and Selling

In related news, COO Britt A. Snider bought 1,000 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the chief operating officer now owns 2,000 shares of the company's stock, valued at approximately $58,820. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

COPT Defense Properties Trading Up 2.2 %

CDP stock traded up $0.68 during trading on Friday, reaching $31.84. The company had a trading volume of 3,044,874 shares, compared to its average volume of 1,104,972. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The company has a market cap of $3.59 billion, a P/E ratio of 26.10 and a beta of 0.98. The business has a 50 day moving average of $31.33 and a 200 day moving average of $28.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share 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 return on equity of 8.99% and a net margin of 18.34%. COPT Defense Properties's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The business also recently announced 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 3.71%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties's dividend payout ratio is currently 96.72%.

Analysts Set New Price Targets

CDP has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Wedbush boosted their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. 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. JPMorgan Chase & Co. upped their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, September 4th. Finally, Truist Financial upped their price objective on shares of COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.86.

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.