COPT Defense Properties (NYSE:CDP) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY lifted its stake in COPT Defense Properties (NYSE:CDP) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the company’s stock after buying an additional 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in COPT Defense Properties were worth $155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in shares of COPT Defense Properties by 32.5% in the third 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. Intech Investment Management LLC raised its position in 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 boosted its stake in COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock worth $83,810,000 after purchasing an additional 49,300 shares during the period. Nordea Investment Management AB grew its position in COPT Defense Properties by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company’s stock worth $11,666,000 after purchasing an additional 18,278 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in COPT Defense Properties by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after purchasing an additional 710,491 shares during the period.

COPT Defense Properties Stock Down 0.4 %

CDP opened at $29.23 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The stock has a market capitalization of $3.29 billion, a P/E ratio of 23.96 and a beta of 0.98. The business has a 50 day simple moving average of $30.87 and a 200-day simple moving average of $30.49.

COPT Defense Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is currently 96.72%.

Analysts Set New Price Targets

CDP has been the subject of several recent research reports. Truist Financial increased their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Jefferies Financial Group lowered their target price on 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 boosted their target price 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, Evercore ISI lifted their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.