Nomura Asset Management Co. Ltd. lifted its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,917 shares of the company's stock after purchasing an additional 11,137 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.13% of COPT Defense Properties worth $4,702,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. New Age Alpha Advisors LLC acquired a new stake in shares of COPT Defense Properties in the fourth quarter valued at approximately $1,098,000. Norges Bank acquired a new position in COPT Defense Properties during the 4th quarter worth $45,718,000. JPMorgan Chase & Co. grew its stake in shares of COPT Defense Properties by 21.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,283,383 shares of the company's stock worth $101,621,000 after purchasing an additional 590,051 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of COPT Defense Properties during the fourth quarter valued at $323,000. Finally, Prudential Financial Inc. raised its stake in shares of COPT Defense Properties by 22.4% during the fourth quarter. Prudential Financial Inc. now owns 26,341 shares of the company's stock valued at $815,000 after purchasing an additional 4,821 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 target price on the stock. Truist Financial upped their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.43.
Read Our Latest Analysis on CDP
COPT Defense Properties Stock Performance
Shares of NYSE CDP traded down $1.05 during trading hours on Thursday, hitting $26.55. 1,048,330 shares of the stock were exchanged, compared to its average volume of 915,471. 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 company's 50 day moving average is $27.70 and its 200 day moving average is $30.03. The firm has a market capitalization of $2.99 billion, a P/E ratio of 21.58 and a beta of 0.96. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22.
COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.
COPT Defense Properties Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a $0.305 dividend. The ex-dividend date is Monday, March 31st. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.60%. COPT Defense Properties's dividend payout ratio is presently 99.19%.
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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