Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in COPT Defense Properties (NYSE:CDP)

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

A number of other large investors also recently bought and sold shares of the business. Edgestream Partners L.P. purchased a new position in COPT Defense Properties during the 4th quarter valued at about $3,915,000. Raymond James Financial Inc. purchased a new position in COPT Defense Properties during the 4th quarter valued at about $16,063,000. Proficio Capital Partners LLC purchased a new position in COPT Defense Properties in the fourth quarter worth about $335,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company's stock worth $35,847,000 after buying an additional 762,840 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in COPT Defense Properties by 3.1% in the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company's stock worth $677,000 after buying an additional 663 shares during the last quarter.

COPT Defense Properties Stock Performance

Shares of NYSE CDP opened at $26.85 on Monday. The firm has a 50 day moving average of $28.36 and a 200 day moving average of $30.25. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.83 and a beta of 0.96. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22.

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COPT Defense Properties (NYSE:CDP - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (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, research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. The ex-dividend date is Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.54%. 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%.

Analysts Set New Price Targets

Several research analysts have issued reports on CDP shares. BTIG Research lifted their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Truist Financial lifted 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 reduced their price target on shares of COPT Defense Properties from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

COPT Defense Properties Company 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.

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