Cbre Investment Management Listed Real Assets LLC Purchases 762,840 Shares of COPT Defense Properties (NYSE:CDP)

Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 192.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,158,207 shares of the company's stock after purchasing an additional 762,840 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 1.03% of COPT Defense Properties worth $35,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in COPT Defense Properties by 32.5% in the third quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company's stock valued at $1,684,000 after acquiring an additional 13,606 shares during the period. Intech Investment Management LLC lifted its holdings in COPT Defense Properties by 82.3% in the third quarter. Intech Investment Management LLC now owns 38,874 shares of the company's stock valued at $1,179,000 after acquiring an additional 17,553 shares during the period. FMR LLC lifted its holdings in COPT Defense Properties by 1.8% in the third 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 during the period. Nordea Investment Management AB lifted its holdings in COPT Defense Properties by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock valued at $11,666,000 after acquiring an additional 18,278 shares during the period. Finally, KBC Group NV lifted its holdings in COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after acquiring an additional 1,271 shares during the period.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial increased their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lowered their target price on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Three 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 currently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

COPT Defense Properties Stock Performance

Shares of NYSE CDP traded up $0.50 during trading on Friday, hitting $27.17. The company had a trading volume of 981,015 shares, compared to its average volume of 845,165. The stock has a 50 day simple moving average of $28.78 and a 200 day simple moving average of $30.31. 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 has a 12 month low of $22.20 and a 12 month high of $34.22. The firm has a market capitalization of $3.06 billion, a P/E ratio of 22.09 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.49%. The ex-dividend date is Monday, March 31st. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

COPT Defense Properties 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.