Proficio Capital Partners LLC Purchases Shares of 10,833 COPT Defense Properties (NYSE:CDP)

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

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after buying an additional 614 shares during the period. M&T Bank Corp boosted its position in COPT Defense Properties by 3.4% in the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company's stock valued at $644,000 after buying an additional 701 shares during the period. KBC Group NV raised its holdings in shares of COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after purchasing an additional 840 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in shares of COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Vestcor Inc raised its stake in COPT Defense Properties by 1.8% during the 3rd quarter. Vestcor Inc now owns 101,165 shares of the company's stock worth $3,068,000 after acquiring an additional 1,760 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on CDP shares. BTIG Research lifted their price objective 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. Jefferies Financial Group cut their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, Truist Financial boosted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Remove Ads

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $26.79 on Wednesday. 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 has a market cap of $3.02 billion, a P/E ratio of 21.78 and a beta of 0.96. The firm's 50 day simple moving average is $28.62 and its 200-day simple moving average is $30.31. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a dividend of $0.305 per share. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.55%. This is a boost from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

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.

Want to see what other hedge funds are holding CDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for COPT Defense Properties (NYSE:CDP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.