Thrivent Financial for Lutherans Sells 28,848 Shares of COPT Defense Properties (NYSE:CDP)

Thrivent Financial for Lutherans decreased its position in COPT Defense Properties (NYSE:CDP) by 52.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,668 shares of the company’s stock after selling 28,848 shares during the period. Thrivent Financial for Lutherans’ holdings in COPT Defense Properties were worth $825,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CDP. GAMMA Investing LLC grew its position in shares of COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after buying an additional 614 shares during the period. USA Financial Formulas acquired a new stake in COPT Defense Properties in the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB acquired a new stake in COPT Defense Properties in the third quarter worth $91,000. Spirit of America Management Corp NY increased its stake 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 purchasing an additional 1,000 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of 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 period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDP. 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. Truist Financial increased their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.43.

COPT Defense Properties Trading Up 1.5 %

NYSE CDP opened at $27.60 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The stock has a 50-day moving average of $27.70 and a 200-day moving average of $30.03. The firm has a market cap of $3.11 billion, a PE ratio of 22.44 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.42%. 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. COPT Defense Properties’s payout ratio is 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.