COPT Defense Properties (NYSE:CDP) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of COPT Defense Properties (NYSE:CDP) by 61.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,906,341 shares of the company’s stock after acquiring an additional 723,486 shares during the quarter. Principal Financial Group Inc.’s holdings in COPT Defense Properties were worth $59,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CDP. JPMorgan Chase & Co. raised its stake in COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after purchasing an additional 710,491 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of COPT Defense Properties by 404.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock worth $24,043,000 after buying an additional 635,705 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of COPT Defense Properties by 72.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 876,366 shares of the company’s stock valued at $26,580,000 after buying an additional 367,969 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of COPT Defense Properties by 50.0% in the third quarter. Jane Street Group LLC now owns 358,026 shares of the company’s stock worth $10,859,000 after buying an additional 119,316 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in COPT Defense Properties by 392.5% during the third quarter. Quantbot Technologies LP now owns 132,309 shares of the company’s stock worth $4,013,000 after acquiring an additional 105,446 shares during the last quarter.

COPT Defense Properties Stock Performance

Shares of COPT Defense Properties stock opened at $26.87 on Thursday. The firm has a market cap of $3.03 billion, a PE ratio of 21.84 and a beta of 0.98. 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 52 week low of $22.20 and a 52 week high of $34.22. The business’s fifty day simple moving average is $29.89 and its 200-day simple moving average is $30.47.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating 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%. Equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Jefferies Financial Group decreased their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Evercore ISI boosted their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, BTIG Research lifted 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

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.