Pacer Advisors Inc. Reduces Stock Position in COPT Defense Properties (NYSE:CDP)

Pacer Advisors Inc. reduced its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 35.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,301 shares of the company's stock after selling 12,091 shares during the period. Pacer Advisors Inc.'s holdings in COPT Defense Properties were worth $690,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in COPT Defense Properties by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company's stock valued at $1,684,000 after acquiring an additional 13,606 shares during the last quarter. Intech Investment Management LLC grew its position in shares of COPT Defense Properties by 82.3% in the third quarter. Intech Investment Management LLC now owns 38,874 shares of the company's stock valued at $1,179,000 after purchasing an additional 17,553 shares during the last quarter. FMR LLC increased its stake in shares of COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company's stock worth $83,810,000 after purchasing an additional 49,300 shares in the last quarter. Nordea Investment Management AB raised its position in shares of COPT Defense Properties by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock worth $11,666,000 after purchasing an additional 18,278 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock valued at $81,689,000 after buying an additional 710,491 shares in the last quarter.

Wall Street Analyst Weigh In

CDP has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price target 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. BTIG Research boosted their price target on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Truist Financial raised their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Evercore ISI upped their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. 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, the company presently has an average rating of "Moderate Buy" and an average price target of $32.88.

COPT Defense Properties Trading Down 0.7 %

Shares of CDP traded down $0.21 during trading hours on Friday, hitting $29.53. The stock had a trading volume of 1,749,600 shares, compared to its average volume of 868,836. The company's fifty day simple moving average is $30.74 and its 200 day simple moving average is $30.48. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $3.33 billion, a P/E ratio of 24.20 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. Equities research analysts forecast that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 4.00%. COPT Defense Properties's dividend payout ratio is currently 95.93%.

About COPT Defense Properties

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.