Quest Partners LLC Sells 45,895 Shares of COPT Defense Properties (NYSE:CDP)

Quest Partners LLC trimmed its position in COPT Defense Properties (NYSE:CDP - Free Report) by 51.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,055 shares of the company's stock after selling 45,895 shares during the period. Quest Partners LLC's holdings in COPT Defense Properties were worth $1,306,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CDP. Spirit of America Management Corp NY bought a new stake in COPT Defense Properties during the 2nd quarter worth approximately $50,000. Quarry LP lifted its stake in shares of COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company's stock valued at $87,000 after buying an additional 3,052 shares in the last quarter. KBC Group NV boosted its holdings in COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company's stock worth $116,000 after buying an additional 840 shares during the period. Bessemer Group Inc. purchased a new stake in COPT Defense Properties in the 1st quarter worth $100,000. Finally, Lazard Asset Management LLC bought a new stake in COPT Defense Properties during the first quarter valued at about $102,000.

Analyst Ratings Changes

Several analysts have commented on CDP shares. Wedbush boosted their price target on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their price objective on 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. JPMorgan Chase & Co. upped their price objective on COPT Defense Properties from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, September 4th. Truist Financial boosted their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, August 29th. Finally, Evercore ISI increased their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, COPT Defense Properties currently has an average rating of "Moderate Buy" and an average target price of $30.86.

COPT Defense Properties Trading Up 0.9 %

CDP stock traded up $0.27 during mid-day trading on Wednesday, reaching $30.69. 1,218,092 shares of the stock traded hands, compared to its average volume of 857,823. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The stock has a market capitalization of $3.46 billion, a PE ratio of 24.93 and a beta of 0.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The business has a 50-day moving average price of $31.24 and a two-hundred day moving average price of $28.14.

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 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 analysts' expectations of $167.37 million. During the same period last year, the company earned $0.60 earnings per share. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts expect that COPT Defense Properties will post 2.57 EPS for the current 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. This represents a $1.18 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, December 31st. COPT Defense Properties's dividend payout ratio is presently 96.72%.

Insider Buying and Selling at COPT Defense Properties

In other news, COO Britt A. Snider purchased 1,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the purchase, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

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.