Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 38.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,246 shares of the company's stock after purchasing an additional 16,920 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of COPT Defense Properties worth $1,896,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of 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 buying an additional 13,606 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of COPT Defense Properties during the 3rd quarter worth $333,000. Intech Investment Management LLC grew its stake in shares of COPT Defense Properties by 82.3% during the 3rd quarter. Intech Investment Management LLC now owns 38,874 shares of the company's stock worth $1,179,000 after purchasing an additional 17,553 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of COPT Defense Properties by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company's stock valued at $76,521,000 after purchasing an additional 18,770 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of COPT Defense Properties by 81.1% in the 3rd quarter. Citigroup Inc. now owns 137,075 shares of the company's stock valued at $4,157,000 after purchasing an additional 61,389 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. 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 report on Wednesday, December 4th. Jefferies Financial Group started coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, COPT Defense Properties has an average rating of "Moderate Buy" and an average target price of $33.43.
Read Our Latest Report on CDP
COPT Defense Properties Price Performance
Shares of NYSE CDP traded up $0.20 on Friday, hitting $27.28. The company's stock had a trading volume of 861,979 shares, compared to its average volume of 906,673. The stock has a 50 day moving average of $27.84 and a 200-day moving average of $30.08. The company 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 has a 12-month low of $22.20 and a 12-month high of $34.22. 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 posted its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Increases Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.47%. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is presently 99.19%.
About COPT Defense Properties
(
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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