Sei Investments Co. Has $66.22 Million Stake in COPT Defense Properties (NYSE:CDP)

Sei Investments Co. raised its stake in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,139,455 shares of the company's stock after buying an additional 24,577 shares during the period. Sei Investments Co. owned approximately 1.90% of COPT Defense Properties worth $66,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of COPT Defense Properties by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company's stock valued at $88,797,000 after acquiring an additional 21,388 shares during the period. FMR LLC boosted its stake in COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company's stock valued at $83,810,000 after purchasing an additional 49,300 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company's stock valued at $81,689,000 after purchasing an additional 710,491 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of COPT Defense Properties by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company's stock worth $76,521,000 after buying an additional 18,770 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of COPT Defense Properties by 61.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company's stock valued at $59,001,000 after buying an additional 723,486 shares during the period.

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COPT Defense Properties Trading Down 0.2 %

NYSE CDP traded down $0.05 on Thursday, hitting $27.07. 747,512 shares of the company were exchanged, compared to its average volume of 859,091. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The firm has a market capitalization of $3.05 billion, a P/E ratio of 22.01 and a beta of 0.96. The company's 50 day moving average price is $27.94 and its 200-day moving average price is $30.11.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.51%. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is presently 99.19%.

Wall Street Analyst Weigh In

CDP has been the topic of several research reports. BTIG Research boosted their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Truist Financial boosted their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research note on Monday, March 17th. They set a "buy" rating and a $31.00 target price for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.43.

COPT Defense Properties 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.