COPT Defense Properties (NYSE:CDP) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of COPT Defense Properties (NYSE:CDP) by 72.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 876,366 shares of the company’s stock after purchasing an additional 367,969 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in COPT Defense Properties were worth $26,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDP. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of COPT Defense Properties in the third quarter valued at about $333,000. Thrivent Financial for Lutherans increased its position in COPT Defense Properties by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock valued at $1,684,000 after acquiring an additional 13,606 shares during the period. Natixis Advisors LLC raised its stake in COPT Defense Properties by 13.7% during the 3rd quarter. Natixis Advisors LLC now owns 231,131 shares of the company’s stock valued at $7,010,000 after acquiring an additional 27,812 shares during the last quarter. Metis Global Partners LLC lifted its position in COPT Defense Properties by 31.4% during the 3rd quarter. Metis Global Partners LLC now owns 11,577 shares of the company’s stock worth $351,000 after acquiring an additional 2,764 shares during the period. Finally, KBC Group NV grew its stake in shares of COPT Defense Properties by 28.3% in 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 during the last quarter.

COPT Defense Properties Stock Up 2.2 %

CDP stock opened at $31.84 on Friday. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.59 billion, a P/E ratio of 26.10 and a beta of 0.98. The company’s 50-day moving average price is $31.33 and its 200 day moving average price is $28.22.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings results on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The firm had revenue of $189.23 million during the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, research analysts expect that COPT Defense Properties will post 2.57 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is presently 96.72%.

Insider Buying and Selling

In other COPT Defense Properties news, COO Britt A. Snider bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the transaction, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

CDP has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Wedbush raised their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Truist Financial increased their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Finally, Evercore ISI lifted their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.86.

About COPT Defense Properties

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.