COPT Defense Properties (NYSE:CDP) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in COPT Defense Properties (NYSE:CDP) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 541,055 shares of the company’s stock after selling 40,263 shares during the period. Leeward Investments LLC MA’s holdings in COPT Defense Properties were worth $16,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CDP. Raymond James & Associates lifted its stake in shares of COPT Defense Properties by 4.3% in the 3rd quarter. Raymond James & Associates now owns 209,766 shares of the company’s stock worth $6,362,000 after acquiring an additional 8,611 shares during the period. Spirit of America Management Corp NY lifted its stake in shares of COPT Defense Properties by 100.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock worth $121,000 after acquiring an additional 2,000 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of COPT Defense Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company’s stock worth $134,000 after acquiring an additional 1,130 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of COPT Defense Properties in the 3rd quarter worth approximately $236,000. Finally, abrdn plc lifted its stake in COPT Defense Properties by 10.5% during the third quarter. abrdn plc now owns 22,492 shares of the company’s stock valued at $682,000 after purchasing an additional 2,146 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on CDP. Jefferies Financial Group cut their target price on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Truist Financial increased 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. BTIG Research increased their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI increased their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.88.

COPT Defense Properties Stock Up 0.1 %

CDP stock opened at $26.77 on Friday. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22. The company’s 50 day simple moving average is $29.66 and its 200-day simple moving average is $30.45. 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 firm has a market capitalization of $3.02 billion, a P/E ratio of 21.76 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings results 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 net margin of 18.44% and a return on equity of 9.07%. As a group, equities research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 4.56%. The ex-dividend date is Monday, March 31st. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio is currently 95.93%.

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.