GSA Capital Partners LLP Acquires New Stake in COPT Defense Properties (NYSE:CDP)

GSA Capital Partners LLP acquired a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 84,336 shares of the company's stock, valued at approximately $2,558,000. GSA Capital Partners LLP owned approximately 0.07% of COPT Defense Properties at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CDP. Heritage Wealth Advisors purchased a new position in COPT Defense Properties in the 1st quarter worth approximately $39,000. Spirit of America Management Corp NY purchased a new position in COPT Defense Properties in the 2nd quarter worth approximately $50,000. Quarry LP increased its stake in COPT Defense Properties by 711.4% in the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock worth $87,000 after purchasing an additional 3,052 shares during the period. Bessemer Group Inc. purchased a new position in COPT Defense Properties in the 1st quarter worth approximately $100,000. Finally, Lazard Asset Management LLC purchased a new position in COPT Defense Properties in the 1st quarter worth approximately $102,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CDP shares. Evercore ISI boosted 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. Truist Financial boosted their target price on COPT Defense Properties from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. Wells Fargo & Company reduced their target price on COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th. Wedbush boosted their target price on COPT Defense Properties from $28.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, COPT Defense Properties presently has a consensus rating of "Moderate Buy" and an average price target of $30.86.

COPT Defense Properties Stock Down 2.1 %

COPT Defense Properties stock traded down $0.68 during mid-day trading on Tuesday, hitting $31.75. The company had a trading volume of 1,902,759 shares, compared to its average volume of 842,846. The company has a current ratio of 2.38, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56. The stock's 50 day moving average price is $31.09 and its two-hundred day moving average price is $27.87. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a market capitalization of $3.58 billion, a PE ratio of 26.22 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.32 EPS 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 company had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same period last year, the firm posted $0.60 earnings per share. The company's revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

Insider Transactions at COPT Defense Properties

In other COPT Defense Properties news, COO Britt A. Snider purchased 1,000 shares of the firm's stock in a transaction dated 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 completion of the purchase, the chief operating officer now directly owns 2,000 shares of the company's stock, valued at $58,820. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company's stock.

About COPT Defense Properties

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.