Public Employees Retirement System of Ohio Sells 24,473 Shares of COPT Defense Properties (NYSE:CDP)

Public Employees Retirement System of Ohio reduced its stake in COPT Defense Properties (NYSE:CDP - Free Report) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,241 shares of the company's stock after selling 24,473 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.25% of COPT Defense Properties worth $8,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CDP. SG Americas Securities LLC raised its position in shares of COPT Defense Properties by 173.3% during the 2nd quarter. SG Americas Securities LLC now owns 36,678 shares of the company's stock valued at $918,000 after buying an additional 23,257 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in COPT Defense Properties by 18.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,742 shares of the company's stock worth $394,000 after purchasing an additional 2,421 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of COPT Defense Properties by 37.4% in the 2nd quarter. Blue Trust Inc. now owns 9,117 shares of the company's stock worth $220,000 after purchasing an additional 2,483 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of COPT Defense Properties by 443.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 692,261 shares of the company's stock worth $17,327,000 after purchasing an additional 564,794 shares in the last quarter. Finally, Leeward Investments LLC MA increased its position in shares of COPT Defense Properties by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 583,391 shares of the company's stock valued at $14,602,000 after purchasing an additional 31,072 shares during the last quarter.

COPT Defense Properties Stock Down 0.4 %

Shares of NYSE:CDP traded down $0.13 during trading on Friday, hitting $32.50. The stock had a trading volume of 736,931 shares, compared to its average volume of 886,439. The company has a market capitalization of $3.66 billion, a PE ratio of 26.76 and a beta of 0.98. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. The firm's fifty day moving average is $31.93 and its 200 day moving average is $29.01. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The firm had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same quarter last year, the company posted $0.60 EPS. COPT Defense Properties's revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.295 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.63%. COPT Defense Properties's payout ratio is currently 96.72%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Evercore ISI boosted their target price 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. JPMorgan Chase & Co. upped their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, September 4th. Wells Fargo & Company lowered their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. Truist Financial lifted their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Finally, BTIG Research lifted their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $32.00.

About COPT Defense Properties

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.