KLP Kapitalforvaltning AS Invests $702,000 in COPT Defense Properties (NYSE:CDP)

KLP Kapitalforvaltning AS purchased a new position in COPT Defense Properties (NYSE:CDP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,500 shares of the company's stock, valued at approximately $702,000.

A number of other institutional investors also recently modified their holdings of CDP. Cbre Investment Management Listed Real Assets LLC lifted its holdings in COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock valued at $35,847,000 after buying an additional 762,840 shares during the period. Principal Financial Group Inc. lifted its stake in shares of COPT Defense Properties by 61.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock valued at $59,001,000 after purchasing an additional 723,486 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock valued at $81,689,000 after purchasing an additional 710,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of COPT Defense Properties by 404.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company's stock valued at $24,043,000 after purchasing an additional 635,705 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in COPT Defense Properties during the fourth quarter worth approximately $16,063,000.

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COPT Defense Properties Stock Down 1.6 %

CDP stock traded down $0.43 during trading on Friday, reaching $26.13. 1,324,127 shares of the stock were exchanged, compared to its average volume of 916,653. The firm's 50 day moving average is $27.56 and its 200 day moving average is $29.98. The firm has a market cap of $2.94 billion, a P/E ratio of 21.24 and a beta of 0.92. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The firm also recently announced 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 represents a $1.22 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Monday, March 31st. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is currently 99.19%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on COPT Defense Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $31.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

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.