COPT Defense Properties (NYSE:CDP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in COPT Defense Properties (NYSE:CDP - Free Report) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,079,770 shares of the company's stock after selling 45,832 shares during the period. Vanguard Group Inc. owned approximately 15.16% of COPT Defense Properties worth $528,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CDP. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $43,000 after purchasing an additional 614 shares during the period. USA Financial Formulas acquired a new stake in COPT Defense Properties during the 4th quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of COPT Defense Properties in the 3rd quarter valued at $91,000. Spirit of America Management Corp NY increased its stake in shares of COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company's stock worth $155,000 after acquiring an additional 1,000 shares during the period. Finally, KBC Group NV raised 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 purchasing an additional 1,271 shares during the last quarter.

COPT Defense Properties Price Performance

NYSE CDP traded down $1.05 during trading hours on Thursday, reaching $26.55. The company's stock had a trading volume of 1,048,330 shares, compared to its average volume of 913,773. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 21.58 and a beta of 0.96. The company's 50-day moving average is $27.70 and its two-hundred day moving average is $30.03. 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 1-year low of $22.20 and a 1-year high of $34.22.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given 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 annualized dividend and a dividend yield of 4.60%. COPT Defense Properties's dividend payout ratio (DPR) is 99.19%.

Analysts Set New Price Targets

CDP has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a "buy" rating and a $31.00 price target on the stock. Truist Financial raised their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from 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.