COPT Defense Properties (NYSE:CDP) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in COPT Defense Properties (NYSE:CDP) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,780 shares of the company’s stock after purchasing an additional 1,890 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in COPT Defense Properties were worth $4,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of COPT Defense Properties by 173.3% in the 2nd quarter. SG Americas Securities LLC now owns 36,678 shares of the company’s stock valued at $918,000 after buying an additional 23,257 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in COPT Defense Properties by 18.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,742 shares of the company’s stock valued at $394,000 after acquiring an additional 2,421 shares during the period. Blue Trust Inc. boosted its position in shares of COPT Defense Properties by 37.4% during the 2nd quarter. Blue Trust Inc. now owns 9,117 shares of the company’s stock worth $220,000 after purchasing an additional 2,483 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of COPT Defense Properties by 443.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 692,261 shares of the company’s stock worth $17,327,000 after purchasing an additional 564,794 shares during the period. Finally, Leeward Investments LLC MA increased its holdings in shares of COPT Defense Properties by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 583,391 shares of the company’s stock valued at $14,602,000 after purchasing an additional 31,072 shares in the last quarter.

Analysts Set New Price Targets

CDP has been the topic of a number of research analyst reports. BTIG Research boosted their price objective 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. Wells Fargo & Company lowered their price target on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price objective on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. 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. Finally, Truist Financial lifted 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

COPT Defense Properties Stock Performance

NYSE CDP opened at $32.50 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The business has a fifty day moving average of $31.96 and a 200-day moving average of $29.07. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 26.64 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The company had revenue of $189.23 million for the quarter, compared to analysts’ expectations of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, analysts predict that COPT Defense Properties will post 2.58 earnings per share for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties’s payout ratio is 96.72%.

About COPT Defense Properties

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.