Natixis Advisors LLC lifted its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 263,350 shares of the company's stock after buying an additional 32,219 shares during the quarter. Natixis Advisors LLC owned approximately 0.23% of COPT Defense Properties worth $8,151,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC raised its position in COPT Defense Properties by 0.7% during 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 last quarter. FMR LLC raised its position 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 purchasing an additional 49,300 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 710,491 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 18,770 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in COPT Defense Properties by 61.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock worth $59,001,000 after buying an additional 723,486 shares in the last quarter.
COPT Defense Properties Trading Down 0.5 %
NYSE:CDP traded down $0.14 during mid-day trading on Tuesday, reaching $27.07. The company's stock had a trading volume of 729,646 shares, compared to its average volume of 859,378. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The stock has a market cap of $3.05 billion, a P/E ratio of 22.01 and a beta of 0.96. The company's fifty day simple moving average is $28.04 and its two-hundred day simple moving average is $30.15. 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 released its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, equities analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.51%. COPT Defense Properties's payout ratio is currently 99.19%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CDP. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective on the stock. BTIG Research boosted their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Truist Financial raised their price target 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.
Read Our Latest Stock Analysis on COPT Defense Properties
COPT Defense Properties Company Profile
(
Free Report)
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.
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