abrdn plc Purchases 16,399 Shares of COPT Defense Properties (NYSE:CDP)

abrdn plc lifted its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 72.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,891 shares of the company's stock after purchasing an additional 16,399 shares during the quarter. abrdn plc's holdings in COPT Defense Properties were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CDP. JPMorgan Chase & Co. boosted its position in shares of COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after purchasing an additional 710,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in COPT Defense Properties by 404.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company's stock worth $24,043,000 after acquiring an additional 635,705 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in COPT Defense Properties by 72.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 876,366 shares of the company's stock worth $26,580,000 after acquiring an additional 367,969 shares during the last quarter. Jane Street Group LLC raised its holdings in COPT Defense Properties by 50.0% in the 3rd quarter. Jane Street Group LLC now owns 358,026 shares of the company's stock worth $10,859,000 after acquiring an additional 119,316 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in COPT Defense Properties by 392.5% in the 3rd quarter. Quantbot Technologies LP now owns 132,309 shares of the company's stock worth $4,013,000 after acquiring an additional 105,446 shares during the last quarter.

COPT Defense Properties Stock Performance

CDP traded down $0.67 during mid-day trading on Friday, reaching $27.19. 1,494,665 shares of the company traded hands, compared to its average volume of 937,579. The stock has a market capitalization of $3.06 billion, a P/E ratio of 22.10 and a beta of 0.98. 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's fifty day moving average price is $30.34 and its 200-day moving average price is $30.51. 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 announced its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating 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 9.08%. On average, sell-side analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CDP shares. Truist Financial boosted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. BTIG Research boosted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Evercore ISI boosted their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group decreased their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.88.

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.