COPT Defense Properties (NYSE:CDP) Stock Holdings Lifted by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in COPT Defense Properties (NYSE:CDP) by 77.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,120 shares of the company’s stock after acquiring an additional 30,246 shares during the period. Intech Investment Management LLC’s holdings in COPT Defense Properties were worth $2,139,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased 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 valued at $43,000 after buying an additional 614 shares in the last quarter. USA Financial Formulas bought a new position in shares of COPT Defense Properties in the fourth quarter valued at $90,000. Wilmington Savings Fund Society FSB bought a new position in shares of COPT Defense Properties in the third quarter valued at $91,000. KBC Group NV grew its position in COPT Defense Properties by 28.3% during the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after purchasing an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY grew its position in COPT Defense Properties by 25.0% during the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock worth $155,000 after purchasing an additional 1,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CDP shares. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research report on Monday. They set a “buy” rating and a $31.00 price objective on the stock. Truist Financial lifted their price objective 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 lifted their price objective 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

COPT Defense Properties Trading Down 0.0 %

COPT Defense Properties stock opened at $27.06 on Friday. The company’s fifty day simple moving average is $28.14 and its 200-day simple moving average is $30.17. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The stock has a market cap of $3.05 billion, a P/E ratio of 22.00 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a $0.305 dividend. The ex-dividend date is Monday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 4.51%. COPT Defense Properties’s dividend payout ratio is currently 99.19%.

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.