Zurcher Kantonalbank Zurich Cantonalbank Grows Position in COPT Defense Properties (NYSE:CDP)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in COPT Defense Properties (NYSE:CDP) by 56.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,841 shares of the company’s stock after buying an additional 28,393 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in COPT Defense Properties were worth $2,440,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings 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 buying an additional 614 shares in the last quarter. USA Financial Formulas purchased a new position in shares of COPT Defense Properties in the fourth quarter worth $90,000. Wilmington Savings Fund Society FSB purchased a new stake in COPT Defense Properties during the third quarter valued at $91,000. KBC Group NV raised its stake 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 in the last quarter. Finally, Spirit of America Management Corp NY raised its stake in COPT Defense Properties by 25.0% during 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.

COPT Defense Properties Trading Up 2.2 %

CDP stock opened at $26.85 on Monday. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.83 and a beta of 0.96. The firm’s fifty day simple moving average is $28.36 and its two-hundred day simple moving average is $30.25.

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

COPT Defense Properties Increases Dividend

The business also recently declared 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 is a boost 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 4.54%. COPT Defense Properties’s dividend payout ratio is presently 99.19%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. BTIG Research upped their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Truist Financial upped 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, COPT Defense Properties has an average rating of “Moderate Buy” and a consensus 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.