10,449 Shares in COPT Defense Properties (NYSE:CDP) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in COPT Defense Properties (NYSE:CDP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,449 shares of the company's stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CDP. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 77.8% in the 4th 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. M&T Bank Corp raised its position in COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company's stock valued at $677,000 after purchasing an additional 663 shares during the period. Xponance Inc. lifted its stake in shares of COPT Defense Properties by 5.9% in the 4th quarter. Xponance Inc. now owns 16,157 shares of the company's stock valued at $500,000 after purchasing an additional 905 shares during the last quarter. Spirit of America Management Corp NY boosted its holdings in shares of COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after purchasing an additional 1,000 shares during the period. Finally, KBC Group NV increased its position in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company's stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter.

Wall Street Analyst Weigh In

CDP has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 price objective for the company. Truist Financial lifted their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus target price of $33.43.

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COPT Defense Properties Trading Down 0.3 %

Shares of NYSE:CDP traded down $0.08 on Tuesday, hitting $27.19. 999,768 shares of the company's stock were exchanged, compared to its average volume of 911,806. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 22.11 and a beta of 0.96. 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 current ratio of 2.47 and a quick ratio of 2.38. The business's 50 day simple moving average is $27.74 and its two-hundred day simple moving average is $30.05.

COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share 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%. Analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.49%. COPT Defense Properties's payout ratio is presently 99.19%.

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.