Thrivent Financial for Lutherans Sells 28,848 Shares of COPT Defense Properties (NYSE:CDP)

Thrivent Financial for Lutherans reduced its holdings in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,668 shares of the company's stock after selling 28,848 shares during the quarter. Thrivent Financial for Lutherans' holdings in COPT Defense Properties were worth $825,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CDP. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after acquiring an additional 614 shares during the last quarter. USA Financial Formulas bought a new position in COPT Defense Properties in the 4th quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB acquired a new stake in COPT Defense Properties in the third quarter valued at approximately $91,000. Spirit of America Management Corp NY grew its stake in shares of COPT Defense Properties by 25.0% during the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after buying an additional 1,000 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of COPT Defense Properties by 33.4% during the fourth quarter. KBC Group NV now owns 5,081 shares of the company's stock worth $157,000 after buying an additional 1,271 shares in the last quarter.

COPT Defense Properties Trading Down 3.3 %

Shares of COPT Defense Properties stock traded down $0.85 during trading on Monday, hitting $25.28. The company's stock had a trading volume of 1,215,528 shares, compared to its average volume of 917,844. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 20.55 and a beta of 0.92. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The stock has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $29.94. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

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

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This is a positive change from COPT Defense Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.83%. COPT Defense Properties's dividend payout ratio (DPR) is presently 99.19%.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.