Keybank National Association OH Sells 1,028 Shares of COPT Defense Properties (NYSE:CDP)

Keybank National Association OH lessened its stake in COPT Defense Properties (NYSE:CDP) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,216 shares of the company’s stock after selling 1,028 shares during the period. Keybank National Association OH’s holdings in COPT Defense Properties were worth $657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Metis Global Partners LLC boosted its position in shares of COPT Defense Properties by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 12,893 shares of the company’s stock valued at $399,000 after purchasing an additional 1,316 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at about $335,000. Bank of New York Mellon Corp boosted its position in shares of COPT Defense Properties by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,141,670 shares of the company’s stock valued at $35,335,000 after purchasing an additional 9,836 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of COPT Defense Properties during the 4th quarter valued at about $850,000. Finally, Principal Financial Group Inc. boosted its position in shares of COPT Defense Properties by 61.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock valued at $59,001,000 after purchasing an additional 723,486 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BTIG Research upped their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group dropped their price target 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. Finally, Truist Financial upped their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $27.17 on Friday. The stock has a fifty day simple moving average of $28.78 and a two-hundred day simple moving average of $30.33. COPT Defense Properties has a 1-year low of $22.20 and a 1-year 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. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, beating 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 anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend 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%.

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.