Intech Investment Management LLC Boosts Holdings in COPT Defense Properties (NYSE:CDP)

Intech Investment Management LLC lifted its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 77.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,120 shares of the company's stock after purchasing an additional 30,246 shares during the quarter. Intech Investment Management LLC owned about 0.06% of COPT Defense Properties worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp acquired a new position in COPT Defense Properties in the fourth quarter valued at about $326,000. Natixis Advisors LLC lifted its holdings in shares of COPT Defense Properties by 13.9% in the 4th quarter. Natixis Advisors LLC now owns 263,350 shares of the company's stock worth $8,151,000 after acquiring an additional 32,219 shares during the last quarter. Swiss National Bank lifted its holdings in shares of COPT Defense Properties by 0.7% in the 4th quarter. Swiss National Bank now owns 221,600 shares of the company's stock worth $6,859,000 after acquiring an additional 1,600 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of COPT Defense Properties by 16.0% during the 4th quarter. Moors & Cabot Inc. now owns 11,607 shares of the company's stock worth $359,000 after purchasing an additional 1,600 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in COPT Defense Properties by 15.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 47,084 shares of the company's stock valued at $1,457,000 after purchasing an additional 6,343 shares during the last quarter.

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COPT Defense Properties Stock Performance

Shares of CDP stock traded down $0.14 during mid-day trading on Tuesday, hitting $27.07. 729,646 shares of the stock were exchanged, compared to its average volume of 859,378. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 22.01 and a beta of 0.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The stock's fifty day simple moving average is $28.04 and its two-hundred day simple moving average is $30.15.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.07% and a net margin of 18.44%. On average, analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company 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 $0.305 dividend. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, March 31st. COPT Defense Properties's dividend payout ratio (DPR) is presently 99.19%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial upped their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group started coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.43.

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.