Proficio Capital Partners LLC Buys Shares of 10,833 COPT Defense Properties (NYSE:CDP)

Proficio Capital Partners LLC purchased a new position in COPT Defense Properties (NYSE:CDP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,833 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in 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 purchasing an additional 614 shares in the last quarter. M&T Bank Corp raised its holdings in shares of COPT Defense Properties by 3.1% during the fourth quarter. M&T Bank Corp now owns 21,889 shares of the company’s stock worth $677,000 after acquiring an additional 663 shares during the period. Spirit of America Management Corp NY lifted its position in COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV boosted its stake in COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock worth $157,000 after purchasing an additional 1,271 shares during the period. Finally, Metis Global Partners LLC increased its holdings in COPT Defense Properties by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 12,893 shares of the company’s stock worth $399,000 after purchasing an additional 1,316 shares in the last quarter.

Analyst Ratings Changes

CDP has been the topic of a number of research reports. Jefferies Financial Group assumed coverage on COPT Defense Properties in a report on Monday, March 17th. They issued a “buy” rating and a $31.00 price target on the stock. Truist Financial upped their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, BTIG Research raised their target price 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.43.

COPT Defense Properties Stock Performance

NYSE:CDP opened at $27.07 on Wednesday. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The stock has a fifty day moving average price of $27.99 and a 200-day moving average price of $30.13. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 22.01 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) 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, equities analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.51%. COPT Defense Properties’s payout ratio is 99.19%.

COPT Defense Properties 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.