Proficio Capital Partners LLC Takes Position in COPT Defense Properties (NYSE:CDP)

Proficio Capital Partners LLC bought a new position in COPT Defense Properties (NYSE:CDP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,833 shares of the company's stock, valued at approximately $335,000.

A number of other large investors have also bought and sold shares of the business. Cbre Investment Management Listed Real Assets LLC boosted its stake 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 worth $35,847,000 after purchasing an additional 762,840 shares in the last quarter. M&T Bank Corp lifted its position in COPT Defense Properties by 3.1% during the 4th quarter. M&T Bank Corp now owns 21,889 shares of the company's stock worth $677,000 after buying an additional 663 shares in the last quarter. Metis Global Partners LLC grew its holdings in COPT Defense Properties by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 12,893 shares of the company's stock worth $399,000 after acquiring an additional 1,316 shares during the last quarter. Bank of New York Mellon Corp increased its position in COPT Defense Properties by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,141,670 shares of the company's stock valued at $35,335,000 after acquiring an additional 9,836 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in COPT Defense Properties in the 4th quarter valued at about $850,000.

COPT Defense Properties Trading Up 0.7 %

CDP stock traded up $0.20 during midday trading on Friday, reaching $27.28. The company's stock had a trading volume of 861,979 shares, compared to its average volume of 906,673. The business's 50-day simple moving average is $27.84 and its 200-day simple moving average is $30.08. 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 has a 52 week low of $22.20 and a 52 week high of $34.22. The stock has a market cap of $3.07 billion, a PE ratio of 22.18 and a beta of 0.96.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly 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 return on equity of 9.07% and a net margin of 18.44%. As a group, sell-side analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently declared 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. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 annualized dividend and a dividend yield of 4.47%. COPT Defense Properties's payout ratio is 99.19%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Jefferies Financial Group began coverage on COPT Defense Properties in a report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.