COPT Defense Properties (NYSE:CDP) Holdings Reduced by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,915 shares of the company's stock after selling 16,484 shares during the quarter. Wedge Capital Management L L P NC owned about 0.15% of COPT Defense Properties worth $5,259,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after acquiring an additional 614 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of COPT Defense Properties in the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB purchased a new stake in COPT Defense Properties during the 3rd quarter worth $91,000. Quarry LP raised its position in COPT Defense Properties by 711.4% in the second quarter. Quarry LP now owns 3,481 shares of the company's stock valued at $87,000 after purchasing an additional 3,052 shares during the period. Finally, KBC Group NV raised its position in COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after purchasing an additional 840 shares during the period.

COPT Defense Properties Stock Down 0.6 %

Shares of COPT Defense Properties stock traded down $0.19 during trading on Friday, reaching $29.59. The company had a trading volume of 504,696 shares, compared to its average volume of 663,677. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The firm's fifty day moving average is $31.26 and its 200-day moving average is $30.17. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 24.25 and a beta of 0.99.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The firm had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. During the same quarter in the previous year, the company earned $0.60 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently announced 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 was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.99%. COPT Defense Properties's payout ratio is 96.72%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CDP shares. Jefferies Financial Group lowered their target price on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. BTIG Research increased their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Truist Financial lifted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Finally, Evercore ISI upped 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 note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, COPT Defense Properties has an average 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.