Cibc World Markets Corp bought a new stake in COPT Defense Properties (NYSE:CDP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,536 shares of the company's stock, valued at approximately $326,000.
A number of other institutional investors have also added to or reduced their stakes in CDP. GAMMA Investing LLC increased its position 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 worth $43,000 after acquiring an additional 614 shares in the last quarter. USA Financial Formulas bought a new position in COPT Defense Properties during the 4th quarter valued at $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties in the 3rd quarter worth $91,000. Spirit of America Management Corp NY raised its holdings in shares of 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 last quarter. Finally, KBC Group NV lifted its position in shares of COPT Defense Properties by 33.4% during the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after purchasing an additional 1,271 shares in the last quarter.
COPT Defense Properties Stock Performance
NYSE CDP traded up $0.20 on Friday, hitting $27.28. 861,979 shares of the stock traded hands, compared to its average volume of 906,283. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The business's fifty day moving average is $27.89 and its two-hundred day moving average is $30.09. 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 $3.07 billion, a price-to-earnings ratio of 22.18 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 for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.
COPT Defense Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.47%. COPT Defense Properties's payout ratio is presently 99.19%.
Wall Street Analyst Weigh In
CDP has been the subject of several analyst reports. Truist Financial increased their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Jefferies Financial Group assumed coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.
Check Out Our Latest Stock Report on COPT Defense Properties
COPT Defense Properties Profile
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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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