COPT Defense Properties (NYSE:CDP) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its position in COPT Defense Properties (NYSE:CDP) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,943 shares of the company’s stock after selling 12,809 shares during the period. Dana Investment Advisors Inc. owned 0.09% of COPT Defense Properties worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in COPT Defense Properties by 32.5% during the third quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock worth $1,684,000 after buying an additional 13,606 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of COPT Defense Properties by 82.3% in the 3rd quarter. Intech Investment Management LLC now owns 38,874 shares of the company’s stock valued at $1,179,000 after purchasing an additional 17,553 shares during the last quarter. FMR LLC lifted its stake in shares of COPT Defense Properties by 1.8% in the 3rd 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. Nordea Investment Management AB lifted its stake in shares of COPT Defense Properties by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company’s stock valued at $11,666,000 after purchasing an additional 18,278 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of COPT Defense Properties by 33.4% in the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after purchasing an additional 1,271 shares during the last quarter.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $27.17 on Friday. The stock’s 50-day moving average is $28.78 and its two-hundred day moving average is $30.31. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 22.09 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last issued 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 return on equity of 9.07% and a net margin of 18.44%. Analysts forecast that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio (DPR) is 99.19%.

Wall Street Analyst Weigh In

CDP has been the topic of several recent analyst reports. Truist Financial upped their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. BTIG Research boosted their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group cut their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, 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.