CANADA LIFE ASSURANCE Co grew its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,875 shares of the company's stock after acquiring an additional 9,969 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.20% of COPT Defense Properties worth $7,047,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FIL Ltd grew its position in COPT Defense Properties by 17.8% in the 4th quarter. FIL Ltd now owns 2,591 shares of the company's stock valued at $80,000 after purchasing an additional 391 shares during the period. GAMMA Investing LLC grew its holdings in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after buying an additional 614 shares during the last quarter. M&T Bank Corp grew its holdings in shares of COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company's stock valued at $677,000 after buying an additional 663 shares during the last quarter. Xponance Inc. increased its position in shares of COPT Defense Properties by 5.9% during the fourth quarter. Xponance Inc. now owns 16,157 shares of the company's stock worth $500,000 after acquiring an additional 905 shares in the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in shares of COPT Defense Properties by 25.0% in the 4th 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.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group started coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, COPT Defense Properties currently has an average rating of "Moderate Buy" and an average price target of $33.43.
View Our Latest Report on COPT Defense Properties
COPT Defense Properties Trading Up 1.6 %
NYSE:CDP opened at $26.43 on Wednesday. COPT Defense Properties has a 52 week low of $22.53 and a 52 week high of $34.22. The firm has a 50-day moving average price of $26.62 and a two-hundred day moving average price of $29.51. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 21.49 and a beta of 0.92. 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 results on Thursday, February 6th. The company reported $0.65 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%. On average, equities analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.
COPT Defense Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were given a dividend of $0.305 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.62%. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is presently 99.19%.
COPT Defense Properties Company Profile
(
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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