Deroy & Devereaux Private Investment Counsel Inc. Has $286,000 Holdings in COPT Defense Properties (NYSE:CDP)

Deroy & Devereaux Private Investment Counsel Inc. lessened its position in COPT Defense Properties (NYSE:CDP - Free Report) by 99.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,230 shares of the company's stock after selling 876,906 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in COPT Defense Properties were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its position in COPT Defense Properties by 48.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 41,910 shares of the company's stock worth $1,049,000 after buying an additional 13,586 shares during the last quarter. Point72 Asset Management L.P. raised its stake in COPT Defense Properties by 18.7% during the second quarter. Point72 Asset Management L.P. now owns 24,922 shares of the company's stock worth $624,000 after purchasing an additional 3,922 shares during the period. Sanctuary Advisors LLC purchased a new position in COPT Defense Properties during the second quarter worth about $886,000. Handelsbanken Fonder AB grew its position in COPT Defense Properties by 36.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 39,981 shares of the company's stock valued at $1,213,000 after acquiring an additional 10,600 shares in the last quarter. Finally, CWM LLC boosted its holdings in COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company's stock valued at $1,065,000 after purchasing an additional 475 shares during the period.

COPT Defense Properties Stock Performance

Shares of NYSE CDP traded down $0.07 during midday trading on Wednesday, reaching $29.27. 401,509 shares of the company traded hands, compared to its average volume of 790,833. The stock has a 50-day moving average price of $30.87 and a 200 day moving average price of $30.49. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 23.99 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

COPT Defense Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Tuesday, December 31st. COPT Defense Properties's dividend payout ratio (DPR) is presently 96.72%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI increased their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. BTIG Research raised their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lowered their price target on 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

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.