Charles Schwab Investment Management Inc. Increases Holdings in COPT Defense Properties (NYSE:CDP)

Charles Schwab Investment Management Inc. raised its position in COPT Defense Properties (NYSE:CDP - Free Report) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,522,955 shares of the company's stock after acquiring an additional 18,770 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.24% of COPT Defense Properties worth $76,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its stake in COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company's stock worth $1,065,000 after acquiring an additional 475 shares during the period. Fifth Third Bancorp lifted its position in shares of COPT Defense Properties by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 58,401 shares of the company's stock worth $1,462,000 after purchasing an additional 574 shares during the period. Arizona State Retirement System boosted its stake in shares of COPT Defense Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 31,508 shares of the company's stock valued at $789,000 after purchasing an additional 578 shares in the last quarter. Carmel Capital Partners LLC increased its position in shares of COPT Defense Properties by 3.5% during the third quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company's stock valued at $525,000 after buying an additional 584 shares during the period. Finally, Presima Securities ULC raised its stake in COPT Defense Properties by 1.3% in the third quarter. Presima Securities ULC now owns 60,410 shares of the company's stock worth $1,832,000 after buying an additional 800 shares in the last quarter.

COPT Defense Properties Stock Up 0.4 %

Shares of NYSE:CDP traded up $0.13 on Thursday, hitting $32.83. 864,750 shares of the company traded hands, compared to its average volume of 875,188. The stock has a 50 day simple moving average of $31.52 and a 200-day simple moving average of $28.45. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.70 billion, a PE ratio of 26.91 and a beta of 0.98. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released 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 firm had revenue of $189.23 million for the quarter, compared to the consensus estimate of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, research analysts expect that COPT Defense Properties will post 2.57 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.59%. COPT Defense Properties's payout ratio is currently 96.72%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CDP shares. Wedbush lifted their price objective on COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Wells Fargo & Company dropped their price target on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 11th. Truist Financial increased their price objective on COPT Defense Properties from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, August 29th. BTIG Research raised their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.75.

Insider Activity at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider acquired 1,000 shares of COPT Defense Properties stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $29.41 per share, for a total transaction of $29,410.00. Following the acquisition, the chief operating officer now owns 2,000 shares of the company's stock, valued at $58,820. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

COPT Defense Properties Company Profile

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.