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

Vanguard Group Inc. lessened its holdings in COPT Defense Properties (NYSE:CDP) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,079,770 shares of the company’s stock after selling 45,832 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of COPT Defense Properties worth $528,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Citigroup Inc. boosted its position in shares of COPT Defense Properties by 81.1% during the 3rd quarter. Citigroup Inc. now owns 137,075 shares of the company’s stock worth $4,157,000 after acquiring an additional 61,389 shares in the last quarter. Cerity Partners LLC purchased a new stake in COPT Defense Properties during the third quarter worth approximately $494,000. Bank of Montreal Can boosted its holdings in COPT Defense Properties by 4.6% in the third quarter. Bank of Montreal Can now owns 67,649 shares of the company’s stock valued at $2,069,000 after purchasing an additional 2,959 shares in the last quarter. FMR LLC increased its stake in 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in COPT Defense Properties by 15.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,448 shares of the company’s stock worth $1,530,000 after purchasing an additional 6,616 shares in the last quarter.

COPT Defense Properties Stock Down 0.2 %

Shares of NYSE:CDP opened at $27.26 on Tuesday. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The stock has a market cap of $3.07 billion, a P/E ratio of 22.16 and a beta of 0.96. The firm has a fifty day moving average price of $27.79 and a 200 day moving average price of $30.07.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. Sell-side analysts predict 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. Stockholders of record on Monday, March 31st will be issued a $0.305 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.48%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s payout ratio is presently 99.19%.

Analyst Upgrades and Downgrades

CDP has been the subject of several research analyst reports. Jefferies Financial Group started coverage on shares of COPT Defense Properties in a report on Monday, March 17th. They issued a “buy” rating and a $31.00 target price for the company. Truist Financial upped their price objective 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.43.

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.