Fifth Third Bancorp Has $1.24 Million Stock Position in COPT Defense Properties (NYSE:CDP)

Fifth Third Bancorp lowered its position in COPT Defense Properties (NYSE:CDP - Free Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,119 shares of the company's stock after selling 16,115 shares during the quarter. Fifth Third Bancorp's holdings in COPT Defense Properties were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. CWM LLC raised its stake in COPT Defense Properties by 1.4% during the 3rd quarter. CWM LLC now owns 35,098 shares of the company's stock valued at $1,065,000 after acquiring an additional 475 shares in the last quarter. Carmel Capital Partners LLC grew its position in COPT Defense Properties by 3.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company's stock valued at $525,000 after buying an additional 584 shares in the last quarter. GAMMA Investing LLC increased its stake in COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after buying an additional 614 shares during the period. M&T Bank Corp raised its position in shares of COPT Defense Properties by 3.4% during the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company's stock worth $644,000 after buying an additional 701 shares in the last quarter. Finally, Presima Securities ULC lifted its stake in shares of COPT Defense Properties by 1.3% in the 3rd quarter. Presima Securities ULC now owns 60,410 shares of the company's stock worth $1,832,000 after acquiring an additional 800 shares during the period.

Analyst Upgrades and Downgrades

CDP has been the topic of a number of research analyst reports. Truist Financial raised 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. Evercore ISI raised 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. Jefferies Financial Group lowered their target price on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, COPT Defense Properties has an average rating of "Moderate Buy" and a consensus target price of $32.88.

COPT Defense Properties Trading Down 0.1 %

Shares of COPT Defense Properties stock traded down $0.03 during trading on Friday, hitting $29.45. The stock had a trading volume of 1,016,319 shares, compared to its average volume of 704,358. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The stock has a 50 day simple moving average of $31.00 and a 200 day simple moving average of $30.41. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $3.32 billion, a PE ratio of 24.14 and a beta of 0.99.

COPT Defense Properties Dividend Announcement

The company 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. This represents a $1.18 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties's dividend payout ratio (DPR) is currently 96.72%.

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.