Jackson Creek Investment Advisors LLC Cuts Holdings in COPT Defense Properties (NYSE:CDP)

Jackson Creek Investment Advisors LLC lowered its position in shares of COPT Defense Properties (NYSE:CDP) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 47,758 shares of the company’s stock after selling 1,486 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in COPT Defense Properties were worth $1,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 614 shares in the last quarter. USA Financial Formulas acquired a new position in COPT Defense Properties during the 4th quarter worth approximately $90,000. Wilmington Savings Fund Society FSB purchased a new position in COPT Defense Properties in the 3rd quarter worth approximately $91,000. KBC Group NV boosted its holdings in COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after acquiring an additional 840 shares during the period. Finally, Spirit of America Management Corp NY boosted its stake in shares of COPT Defense Properties by 25.0% in the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after purchasing an additional 1,000 shares during the period.

COPT Defense Properties Price Performance

CDP opened at $27.17 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.47 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average price is $28.78 and its 200 day moving average price is $30.31. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The firm 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 quarterly earnings data on Thursday, February 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.07% and a net margin of 18.44%. As a group, sell-side analysts expect that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.49%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. COPT Defense Properties’s dividend payout ratio is 99.19%.

Wall Street Analysts Forecast Growth

CDP has been the topic of several analyst reports. Truist Financial lifted their price target 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. BTIG Research increased their price target 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 lowered their price objective on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.88.

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.