COPT Defense Properties (NYSE:CDP) Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of COPT Defense Properties (NYSE:CDP) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,350 shares of the company’s stock after buying an additional 32,219 shares during the period. Natixis Advisors LLC’s holdings in COPT Defense Properties were worth $8,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CDP. GAMMA Investing LLC raised its holdings in shares of COPT Defense Properties by 77.8% during the fourth 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 last quarter. USA Financial Formulas bought a new stake in shares of COPT Defense Properties during the fourth quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties during the third quarter valued at approximately $91,000. KBC Group NV raised its holdings in shares of COPT Defense Properties by 28.3% during the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after buying an additional 840 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in shares of COPT Defense Properties by 25.0% during the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares during the last quarter.

COPT Defense Properties Trading Down 0.0 %

COPT Defense Properties stock opened at $27.06 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 22.00 and a beta of 0.96. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The firm’s 50 day moving average price is $28.14 and its two-hundred day moving average price is $30.17.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. On average, research analysts predict that COPT Defense Properties will post 2.67 EPS for the current fiscal 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 given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.51%. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. COPT Defense Properties’s payout ratio is presently 99.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group began coverage on COPT Defense Properties in a report on Monday. They set a “buy” rating and a $31.00 price target on the stock. BTIG Research boosted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Truist Financial boosted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average target price of $32.38.

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.