Blue Trust Inc. Grows Position in COPT Defense Properties (NYSE:CDP)

Blue Trust Inc. grew its position in shares of COPT Defense Properties (NYSE:CDP) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,938 shares of the company’s stock after purchasing an additional 2,917 shares during the quarter. Blue Trust Inc.’s holdings in COPT Defense Properties were worth $514,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CDP. Geode Capital Management LLC lifted its position in shares of COPT Defense Properties by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company’s stock valued at $88,797,000 after buying an additional 21,388 shares in the last quarter. FMR LLC grew its position in shares of COPT Defense Properties by 1.8% in the third quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after purchasing an additional 49,300 shares during the period. JPMorgan Chase & Co. increased its stake in shares of COPT Defense Properties by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock worth $81,689,000 after purchasing an additional 710,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of COPT Defense Properties by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock worth $76,521,000 after purchasing an additional 18,770 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in COPT Defense Properties by 2.0% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 886,136 shares of the company’s stock valued at $26,876,000 after buying an additional 17,306 shares in the last quarter.

COPT Defense Properties Stock Down 0.1 %

CDP stock opened at $29.45 on Friday. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The firm has a market cap of $3.32 billion, a PE ratio of 24.14 and a beta of 0.99. The firm’s 50 day moving average price is $31.05 and its 200-day moving average price is $30.39. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38.

COPT Defense Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is presently 96.72%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Jefferies Financial Group cut their price objective on 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. Evercore ISI boosted their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BTIG Research increased their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Truist Financial upped their price target 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.88.

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.