Corebridge Financial Inc. Has $5.65 Million Stock Holdings in COPT Defense Properties (NYSE:CDP)

Corebridge Financial Inc. trimmed its position in COPT Defense Properties (NYSE:CDP - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,450 shares of the company's stock after selling 9,856 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of COPT Defense Properties worth $5,647,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. boosted its stake in COPT Defense Properties by 58.1% in the 4th quarter. Fox Run Management L.L.C. now owns 23,316 shares of the company's stock worth $722,000 after purchasing an additional 8,570 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of COPT Defense Properties in the fourth quarter valued at $702,000. Sei Investments Co. boosted its position in shares of COPT Defense Properties by 1.2% in the fourth quarter. Sei Investments Co. now owns 2,139,455 shares of the company's stock worth $66,216,000 after buying an additional 24,577 shares during the period. American Century Companies Inc. grew its holdings in shares of COPT Defense Properties by 8.1% during the fourth quarter. American Century Companies Inc. now owns 21,328 shares of the company's stock valued at $660,000 after buying an additional 1,590 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of COPT Defense Properties by 38.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,246 shares of the company's stock valued at $1,896,000 after buying an additional 16,920 shares in the last quarter.

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Analyst Upgrades and Downgrades

CDP has been the subject of a number of research reports. Jefferies Financial Group began coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Truist Financial raised their price target 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. Two equities 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.43.

COPT Defense Properties Stock Down 3.8 %

Shares of COPT Defense Properties stock traded down $1.05 during trading on Thursday, hitting $26.55. 1,048,330 shares of the stock traded hands, compared to its average volume of 915,471. The company has a fifty day moving average price of $27.64 and a two-hundred day moving average price of $30.01. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The stock has a market cap of $2.99 billion, a P/E ratio of 21.58 and a beta of 0.92. 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 (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 net margin of 18.44% and a return on equity of 9.07%. Equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The business 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 positive change from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

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.