COPT Defense Properties (NYSE:CDP) Stock Holdings Decreased by Channing Capital Management LLC

Channing Capital Management LLC lessened its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,114,448 shares of the company's stock after selling 318,935 shares during the quarter. COPT Defense Properties comprises about 2.6% of Channing Capital Management LLC's holdings, making the stock its 6th biggest holding. Channing Capital Management LLC owned about 2.76% of COPT Defense Properties worth $96,392,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CDP. GAMMA Investing LLC lifted its holdings in COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after buying an additional 614 shares in the last quarter. M&T Bank Corp increased its position 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 worth $677,000 after acquiring an additional 663 shares during the period. KBC Group NV raised its stake in shares of COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after acquiring an additional 840 shares in the last quarter. Spirit of America Management Corp NY boosted its holdings in COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after purchasing an additional 1,000 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in COPT Defense Properties by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 12,893 shares of the company's stock valued at $399,000 after purchasing an additional 1,316 shares during the period.

Remove Ads

Analysts Set New Price Targets

CDP has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Truist Financial upped their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Finally, BTIG Research lifted their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, COPT Defense Properties has an average rating of "Moderate Buy" and a consensus target price of $32.88.

COPT Defense Properties Stock Up 2.2 %

COPT Defense Properties stock traded up $0.58 during mid-day trading on Friday, hitting $26.85. The company had a trading volume of 1,257,470 shares, compared to its average volume of 856,357. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 21.83 and a beta of 0.96. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The business has a fifty day moving average of $28.45 and a 200 day moving average of $30.26.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly 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 net margin of 18.44% and a return on equity of 9.07%. On average, sell-side analysts expect that COPT Defense Properties will post 2.67 earnings per share 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.305 per share. This is a positive change 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 yield of 4.54%. COPT Defense Properties's payout ratio is 99.19%.

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.