Vanguard Group Inc. Reduces Holdings in COPT Defense Properties (NYSE:CDP)

Vanguard Group Inc. lessened its position in shares of COPT Defense Properties (NYSE:CDP) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,079,770 shares of the company’s stock after selling 45,832 shares during the quarter. Vanguard Group Inc. owned about 15.16% of COPT Defense Properties worth $528,619,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after purchasing an additional 614 shares during the last quarter. M&T Bank Corp increased its position in shares of COPT Defense Properties by 3.1% during the 4th quarter. M&T Bank Corp now owns 21,889 shares of the company’s stock worth $677,000 after purchasing an additional 663 shares during the last quarter. Xponance Inc. raised its holdings in COPT Defense Properties by 5.9% in the 4th quarter. Xponance Inc. now owns 16,157 shares of the company’s stock valued at $500,000 after buying an additional 905 shares during the period. Spirit of America Management Corp NY lifted its position 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 valued at $155,000 after buying an additional 1,000 shares during the last quarter. Finally, KBC Group NV boosted 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 worth $157,000 after buying an additional 1,271 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CDP. Truist Financial boosted their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research note on Monday, March 17th. They set a “buy” rating and a $31.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.43.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $27.26 on Tuesday. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The company has a fifty day simple moving average of $27.79 and a two-hundred day simple moving average of $30.07. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 22.16 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data 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 return on equity of 9.07% and a net margin of 18.44%. As a group, equities analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.48%. COPT Defense Properties’s payout ratio is currently 99.19%.

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.