Zurcher Kantonalbank Zurich Cantonalbank Has $2.44 Million Holdings in COPT Defense Properties (NYSE:CDP)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of COPT Defense Properties (NYSE:CDP - Free Report) by 56.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,841 shares of the company's stock after acquiring an additional 28,393 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of COPT Defense Properties worth $2,440,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in COPT Defense Properties by 32.5% in the third quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company's stock worth $1,684,000 after purchasing an additional 13,606 shares during the period. Intech Investment Management LLC lifted its holdings in COPT Defense Properties by 82.3% in the third quarter. Intech Investment Management LLC now owns 38,874 shares of the company's stock worth $1,179,000 after purchasing an additional 17,553 shares during the period. FMR LLC lifted its holdings in COPT Defense Properties by 1.8% in the third quarter. FMR LLC now owns 2,763,277 shares of the company's stock worth $83,810,000 after purchasing an additional 49,300 shares during the period. Nordea Investment Management AB lifted its holdings in COPT Defense Properties by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 376,938 shares of the company's stock worth $11,666,000 after purchasing an additional 18,278 shares during the period. Finally, KBC Group NV lifted its holdings in COPT Defense Properties by 33.4% in 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 period.

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COPT Defense Properties Trading Down 0.0 %

Shares of CDP stock traded down $0.00 during trading hours on Thursday, reaching $27.06. 826,468 shares of the stock traded hands, compared to its average volume of 857,917. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $3.05 billion, a PE ratio of 22.00 and a beta of 0.96. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The business has a fifty day moving average price of $28.19 and a 200 day moving average price of $30.19.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, equities research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's dividend payout ratio is 99.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CDP shares. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research report on Monday. They issued a "buy" rating and a $31.00 price target on the stock. Truist Financial boosted their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.38.

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.