COPT Defense Properties (NYSE:CDP) Holdings Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in COPT Defense Properties (NYSE:CDP - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,938 shares of the company's stock after acquiring an additional 18,278 shares during the quarter. Nordea Investment Management AB owned 0.33% of COPT Defense Properties worth $11,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDP. Rhumbline Advisers lifted its stake in shares of COPT Defense Properties by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 414,833 shares of the company's stock valued at $10,383,000 after purchasing an additional 3,778 shares in the last quarter. Arizona State Retirement System lifted its position in COPT Defense Properties by 1.9% during the second quarter. Arizona State Retirement System now owns 31,508 shares of the company's stock valued at $789,000 after buying an additional 578 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in COPT Defense Properties by 8.8% during the second quarter. Texas Permanent School Fund Corp now owns 105,303 shares of the company's stock worth $2,636,000 after buying an additional 8,545 shares during the period. AGF Management Ltd. increased its position in shares of COPT Defense Properties by 1.7% in the second quarter. AGF Management Ltd. now owns 98,230 shares of the company's stock worth $2,459,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of COPT Defense Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,630,799 shares of the company's stock valued at $40,818,000 after acquiring an additional 69,656 shares during the period.

COPT Defense Properties Stock Down 0.1 %

Shares of NYSE:CDP traded down $0.02 during midday trading on Thursday, reaching $29.72. The company had a trading volume of 425,071 shares, compared to its average volume of 566,174. The stock has a market capitalization of $3.35 billion, a P/E ratio of 24.36 and a beta of 0.99. The stock's fifty day moving average price is $31.59 and its 200-day moving average price is $29.94. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. 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 earnings results on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). The company had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. COPT Defense Properties's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Equities research analysts expect that COPT Defense Properties will post 2.58 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.295 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.97%. COPT Defense Properties's payout ratio is 96.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CDP. Truist Financial increased their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI boosted their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group decreased their price target on COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.88.

About COPT Defense Properties

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.