Natixis Advisors LLC Acquires 32,219 Shares of COPT Defense Properties (NYSE:CDP)

Natixis Advisors LLC increased its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,350 shares of the company's stock after purchasing 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.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after purchasing an additional 614 shares in the last quarter. USA Financial Formulas bought a new stake in shares of COPT Defense Properties during the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties during the third quarter worth $91,000. KBC Group NV increased its stake in shares of COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after buying an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in shares of COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after buying an additional 1,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CDP shares. 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 report on Wednesday, December 4th. Jefferies Financial Group began coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a "buy" rating and a $31.00 price target for the company. Finally, BTIG Research upped their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, COPT Defense Properties has a consensus rating of "Moderate Buy" and a consensus price target of $33.43.

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COPT Defense Properties Trading Up 1.7 %

Shares of COPT Defense Properties stock traded up $0.46 during trading on Monday, reaching $27.21. 931,245 shares of the company were exchanged, compared to its average volume of 860,495. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 22.12 and a beta of 0.96. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The business has a 50-day moving average price of $28.04 and a 200-day moving average price of $30.15. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating 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%. Sell-side analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. The ex-dividend date is Monday, March 31st. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.48%. COPT Defense Properties's payout ratio is currently 99.19%.

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.