GSA Capital Partners LLP Invests $2.56 Million in COPT Defense Properties (NYSE:CDP)

GSA Capital Partners LLP acquired a new position in COPT Defense Properties (NYSE:CDP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 84,336 shares of the company’s stock, valued at approximately $2,558,000. GSA Capital Partners LLP owned about 0.07% of COPT Defense Properties as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors purchased a new stake in shares of COPT Defense Properties in the first quarter worth approximately $39,000. Spirit of America Management Corp NY purchased a new stake in shares of COPT Defense Properties in the second quarter worth approximately $50,000. Quarry LP raised its stake in shares of COPT Defense Properties by 711.4% in the second quarter. Quarry LP now owns 3,481 shares of the company’s stock worth $87,000 after purchasing an additional 3,052 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of COPT Defense Properties in the first quarter valued at approximately $100,000. Finally, Lazard Asset Management LLC bought a new position in shares of COPT Defense Properties in the first quarter valued at approximately $102,000.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $32.43 on Tuesday. The stock has a fifty day simple moving average of $31.09 and a two-hundred day simple moving average of $27.87. 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 $3.65 billion, a price-to-earnings ratio of 26.58 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 3.17 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. During the same period in the previous year, the business earned $0.60 earnings per share. COPT Defense Properties’s revenue was up 12.3% on a year-over-year basis. Analysts anticipate that COPT Defense Properties will post 2.57 earnings per share for the current year.

Insider Transactions at COPT Defense Properties

In related news, COO Britt A. Snider purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $29.41 per share, with a total value of $29,410.00. Following the completion of the acquisition, the chief operating officer now directly owns 2,000 shares of the company’s stock, valued at approximately $58,820. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

CDP has been the subject of several recent analyst reports. Evercore ISI upped their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wedbush upped their target price on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Truist Financial upped their target price on COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their target price on COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company reduced their target price on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.86.

COPT Defense Properties Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.