Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in COPT Defense Properties (NYSE:CDP)

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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CDP. Jefferies Financial Group began coverage on shares of COPT Defense Properties in a report on Monday. They issued a "buy" rating and a $31.00 price objective for the company. Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Finally, BTIG Research increased their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.38.

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COPT Defense Properties Stock Up 0.9 %

Shares of NYSE CDP traded up $0.25 during midday trading on Monday, hitting $27.04. The company's stock had a trading volume of 1,097,109 shares, compared to its average volume of 855,555. 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. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 21.98 and a beta of 0.96. The business's fifty day simple moving average is $28.36 and its two-hundred day simple moving average is $30.25.

COPT Defense Properties (NYSE:CDP - Get Free Report) last released its 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 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 company also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.51%. This is an increase from COPT Defense Properties's previous quarterly dividend of $0.30. COPT Defense Properties's payout ratio is currently 99.19%.

About COPT Defense Properties

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.