Centersquare Investment Management LLC Purchases 17,432 Shares of COPT Defense Properties (NYSE:CDP)

Centersquare Investment Management LLC lifted its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,882 shares of the company's stock after acquiring an additional 17,432 shares during the quarter. Centersquare Investment Management LLC owned about 0.06% of COPT Defense Properties worth $2,225,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Westpac Banking Corp lifted its stake in shares of COPT Defense Properties by 34.8% in the fourth quarter. Westpac Banking Corp now owns 27,782 shares of the company's stock worth $860,000 after buying an additional 7,174 shares during the last quarter. Franklin Resources Inc. grew its position in shares of COPT Defense Properties by 357.8% in the fourth quarter. Franklin Resources Inc. now owns 84,789 shares of the company's stock valued at $2,624,000 after purchasing an additional 66,270 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of COPT Defense Properties by 813.0% in the fourth quarter. Alliancebernstein L.P. now owns 6,247,854 shares of the company's stock worth $193,371,000 after purchasing an additional 5,563,548 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of COPT Defense Properties during the 4th quarter worth about $110,000. Finally, Pictet Asset Management Holding SA boosted its stake in COPT Defense Properties by 3.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,405 shares of the company's stock valued at $1,096,000 after purchasing an additional 1,339 shares during the period.

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COPT Defense Properties Stock Performance

Shares of NYSE CDP traded down $0.41 during trading hours on Wednesday, reaching $24.30. The stock had a trading volume of 271,147 shares, compared to its average volume of 1,051,351. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 19.72 and a beta of 0.92. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The business's fifty day moving average is $27.29 and its two-hundred day moving average is $29.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

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 for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a $0.305 dividend. The ex-dividend date is Monday, March 31st. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.02%. COPT Defense Properties's dividend payout ratio is presently 99.19%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

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.