COPT Defense Properties (NYSE:CDP) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC grew its stake in COPT Defense Properties (NYSE:CDP) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,893 shares of the company’s stock after purchasing an additional 1,316 shares during the quarter. Metis Global Partners LLC’s holdings in COPT Defense Properties were worth $399,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of COPT Defense Properties by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company’s stock valued at $88,797,000 after purchasing an additional 21,388 shares in the last quarter. FMR LLC raised its stake in shares of COPT Defense Properties by 1.8% in the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after purchasing an additional 49,300 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of COPT Defense Properties by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after purchasing an additional 710,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of COPT Defense Properties by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock valued at $76,521,000 after purchasing an additional 18,770 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of COPT Defense Properties by 61.2% in 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.

COPT Defense Properties Trading Up 0.7 %

NYSE:CDP opened at $27.02 on Thursday. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. The firm has a market capitalization of $3.04 billion, a P/E ratio of 21.97 and a beta of 0.96. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The business has a 50 day simple moving average of $28.95 and a 200 day simple moving average of $30.35.

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

COPT Defense Properties Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s payout ratio is 99.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Jefferies Financial Group cut their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, BTIG Research raised their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.