COPT Defense Properties (NYSE:CDP) Shares Acquired by Fmr LLC

FMR LLC lifted its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,763,277 shares of the company's stock after buying an additional 49,300 shares during the period. FMR LLC owned approximately 2.45% of COPT Defense Properties worth $83,810,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new position in shares of COPT Defense Properties in the first quarter valued at about $1,702,000. California State Teachers Retirement System purchased a new position in COPT Defense Properties during the 1st quarter worth approximately $2,721,000. DekaBank Deutsche Girozentrale acquired a new stake in COPT Defense Properties during the 1st quarter valued at approximately $648,000. SG Americas Securities LLC lifted its stake in COPT Defense Properties by 173.3% during the 2nd quarter. SG Americas Securities LLC now owns 36,678 shares of the company's stock valued at $918,000 after acquiring an additional 23,257 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of COPT Defense Properties by 18.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,742 shares of the company's stock valued at $394,000 after acquiring an additional 2,421 shares during the last quarter.

Insider Activity at COPT Defense Properties

In related news, COO Britt A. Snider bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the acquisition, the chief operating officer now owns 2,000 shares of the company's stock, valued at approximately $58,820. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by insiders.

COPT Defense Properties Price Performance

NYSE:CDP remained flat at $32.61 on Friday. 1,239,155 shares of the company's stock traded hands, compared to its average volume of 882,888. The stock has a fifty day moving average price of $31.73 and a two-hundred day moving average price of $28.72. The firm has a market capitalization of $3.67 billion, a PE ratio of 26.74 and a beta of 0.98. 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 12 month low of $22.20 and a 12 month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The business had revenue of $189.23 million during the quarter, compared to analysts' expectations of $167.37 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. As a group, analysts anticipate that COPT Defense Properties will post 2.57 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Tuesday, December 31st. COPT Defense Properties's payout ratio is 96.72%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CDP. JPMorgan Chase & Co. boosted their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, September 4th. Truist Financial upped their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. BTIG Research upped their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, 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 report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.00.

COPT Defense Properties Company Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.