Raymond James Financial Inc. Acquires Shares of 519,004 COPT Defense Properties (NYSE:CDP)

Raymond James Financial Inc. bought a new stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 519,004 shares of the company's stock, valued at approximately $16,063,000. Raymond James Financial Inc. owned approximately 0.46% of COPT Defense Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $43,000 after acquiring an additional 614 shares in the last quarter. USA Financial Formulas bought a new stake in COPT Defense Properties during the 4th quarter valued at $90,000. Wilmington Savings Fund Society FSB bought a new stake in COPT Defense Properties during the 3rd quarter valued at $91,000. KBC Group NV boosted its position in COPT Defense Properties by 28.3% during the 3rd quarter. KBC Group NV now owns 3,810 shares of the company's stock valued at $116,000 after acquiring an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its position in COPT Defense Properties by 25.0% during the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock valued at $155,000 after acquiring an additional 1,000 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on CDP. Truist Financial increased their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. BTIG Research raised 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. Finally, Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $31.00 price objective for the company. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.38.

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COPT Defense Properties Stock Performance

CDP stock traded down $0.30 during midday trading on Friday, reaching $26.78. The stock had a trading volume of 1,447,506 shares, compared to its average volume of 859,509. The stock has a market cap of $3.02 billion, a PE ratio of 21.78 and a beta of 0.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The firm has a fifty day simple moving average of $28.09 and a two-hundred day simple moving average of $30.15. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts anticipate 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 paid a $0.305 dividend. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.55%. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

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.