Dana Investment Advisors Inc. Sells 12,809 Shares of COPT Defense Properties (NYSE:CDP)

Dana Investment Advisors Inc. trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,943 shares of the company's stock after selling 12,809 shares during the quarter. Dana Investment Advisors Inc. owned about 0.09% of COPT Defense Properties worth $3,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of COPT Defense Properties by 10.5% in the 3rd quarter. Van ECK Associates Corp now owns 22,085 shares of the company's stock worth $707,000 after acquiring an additional 2,104 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of COPT Defense Properties by 17.2% during the third quarter. Asset Management One Co. Ltd. now owns 220,524 shares of the company's stock valued at $6,688,000 after buying an additional 32,362 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in shares of COPT Defense Properties by 3.5% in the third quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company's stock worth $525,000 after buying an additional 584 shares during the period. Atria Investments Inc increased its holdings in shares of COPT Defense Properties by 63.2% in the third quarter. Atria Investments Inc now owns 13,256 shares of the company's stock worth $402,000 after buying an additional 5,135 shares during the period. Finally, Meritage Portfolio Management bought a new stake in shares of COPT Defense Properties in the 3rd quarter valued at about $543,000.

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COPT Defense Properties Trading Down 1.3 %

COPT Defense Properties stock traded down $0.34 during mid-day trading on Tuesday, reaching $26.79. 1,489,926 shares of the company traded hands, compared to its average volume of 851,216. The firm's 50 day moving average price is $28.70 and its 200 day moving average price is $30.33. COPT Defense Properties has a 52-week low of $22.20 and a 52-week 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. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 21.78 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, March 31st. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is presently 99.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Jefferies Financial Group decreased their price target on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Truist Financial raised their target price 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. Finally, BTIG Research upped their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and an average target price 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.