COPT Defense Properties (NYSE:CDP) Position Trimmed by Blue Trust Inc.

Blue Trust Inc. lessened its stake in shares of COPT Defense Properties (NYSE:CDP) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,416 shares of the company’s stock after selling 2,605 shares during the period. Blue Trust Inc.’s holdings in COPT Defense Properties were worth $353,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after purchasing an additional 614 shares in the last quarter. USA Financial Formulas bought a new stake in COPT Defense Properties in the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB acquired a new position in shares of COPT Defense Properties during the 3rd quarter valued at about $91,000. KBC Group NV grew its holdings in COPT Defense Properties by 28.3% during the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after purchasing an additional 840 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in COPT Defense Properties by 100.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock worth $121,000 after acquiring an additional 2,000 shares during the period.

COPT Defense Properties Trading Up 0.2 %

COPT Defense Properties stock opened at $27.34 on Wednesday. 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 has a 52 week low of $22.20 and a 52 week high of $34.22. The stock has a 50-day simple moving average of $30.01 and a 200 day simple moving average of $30.50. The stock has a market capitalization of $3.08 billion, a P/E ratio of 22.22 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data 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 return on equity of 9.08% and a net margin of 18.44%. Analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CDP. Jefferies Financial Group cut their target price on shares of 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. Truist Financial boosted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI upped their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, BTIG Research increased their target price 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 data from MarketBeat.com, COPT Defense Properties currently has an average rating of “Moderate Buy” and an average price target of $32.88.

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.