Mirae Asset Global Investments Co. Ltd. Sells 1,228 Shares of COPT Defense Properties (NYSE:CDP)

Mirae Asset Global Investments Co. Ltd. decreased its position in COPT Defense Properties (NYSE:CDP) by 28.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,144 shares of the company’s stock after selling 1,228 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in COPT Defense Properties were worth $98,000 at the end of the most recent reporting period.

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

COPT Defense Properties Trading Down 2.4 %

NYSE CDP opened at $27.19 on Friday. The stock’s 50 day moving average price is $30.34 and its two-hundred day moving average price is $30.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 22.10 and a beta of 0.98. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share 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%. As a group, analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CDP has been the subject of a number of research reports. Evercore ISI raised their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Truist Financial raised their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, BTIG Research upped their price objective 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.88.

About COPT Defense Properties

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.