Fort Washington Investment Advisors Inc. OH Sells 138,810 Shares of COPT Defense Properties (NYSE:CDP)

Fort Washington Investment Advisors Inc. OH decreased its position in COPT Defense Properties (NYSE:CDP - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 688,157 shares of the company's stock after selling 138,810 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.61% of COPT Defense Properties worth $21,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of COPT Defense Properties by 65.3% in the 2nd quarter. Millennium Management LLC now owns 3,274,008 shares of the company's stock worth $81,948,000 after purchasing an additional 1,293,761 shares during the period. Geode Capital Management LLC raised its position in COPT Defense Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company's stock worth $88,797,000 after acquiring an additional 21,388 shares during the period. FMR LLC boosted 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 acquiring an additional 49,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock worth $81,689,000 after acquiring an additional 710,491 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of COPT Defense Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company's stock valued at $76,521,000 after acquiring an additional 18,770 shares during the period.

COPT Defense Properties Price Performance

Shares of COPT Defense Properties stock traded down $0.21 during trading on Thursday, reaching $29.62. 466,832 shares of the stock traded hands, compared to its average volume of 666,132. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. The business has a fifty day simple moving average of $31.14 and a two-hundred day simple moving average of $30.26. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 24.27 and a beta of 0.99.

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

COPT Defense Properties Dividend Announcement

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 $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.98%. COPT Defense Properties's payout ratio is currently 96.72%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore ISI lifted 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. Jefferies Financial Group cut their price objective 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 raised their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Truist Financial increased their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.