COPT Defense Properties (NYSE:CDP) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in COPT Defense Properties (NYSE:CDP) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,139,455 shares of the company’s stock after purchasing an additional 24,577 shares during the quarter. Sei Investments Co.’s holdings in COPT Defense Properties were worth $66,216,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC raised its stake in COPT Defense Properties by 77.8% during 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 acquired a new stake in shares of COPT Defense Properties during the 4th quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB bought a new position in COPT Defense Properties during the third quarter worth $91,000. Spirit of America Management Corp NY boosted its holdings in 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 purchasing an additional 1,000 shares during the period. Finally, KBC Group NV increased its stake in COPT Defense Properties by 33.4% during the fourth quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter.

Analyst Ratings Changes

CDP has been the topic of a number of recent research reports. BTIG Research raised 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. Truist Financial boosted their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They set a “buy” rating and a $31.00 price target for the company. Two 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, COPT Defense Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.43.

COPT Defense Properties Trading Down 1.1 %

Shares of CDP stock opened at $26.78 on Monday. The firm has a market capitalization of $3.02 billion, a PE ratio of 21.78 and a beta of 0.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The stock has a fifty day moving average of $28.09 and a two-hundred day moving average of $30.16.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping 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%. As a group, research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio (DPR) 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.