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 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,000 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in COPT Defense Properties were worth $155,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. CWM LLC raised its position in COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company’s stock valued at $1,065,000 after purchasing an additional 475 shares during the period. Carmel Capital Partners LLC grew its stake in shares of COPT Defense Properties by 3.5% in the third quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company’s stock valued at $525,000 after buying an additional 584 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after buying an additional 614 shares during the period. M&T Bank Corp lifted its stake in COPT Defense Properties by 3.4% during the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company’s stock worth $644,000 after acquiring an additional 701 shares in the last quarter. Finally, Presima Securities ULC boosted its holdings in COPT Defense Properties by 1.3% during the 3rd quarter. Presima Securities ULC now owns 60,410 shares of the company’s stock valued at $1,832,000 after acquiring an additional 800 shares during the period.

COPT Defense Properties Price Performance

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

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.04%. COPT Defense Properties’s dividend payout ratio is currently 96.72%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. BTIG Research boosted their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Truist Financial upped 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 decreased their price target on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Evercore ISI upped their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $32.88.

About COPT Defense Properties

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.