COPT Defense Properties (NYSE:CDP) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in COPT Defense Properties (NYSE:CDP) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 220,169 shares of the company’s stock after selling 4,748 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.20% of COPT Defense Properties worth $6,814,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after purchasing an additional 614 shares during the last quarter. USA Financial Formulas acquired a new position in COPT Defense Properties in the 4th quarter valued at $90,000. Wilmington Savings Fund Society FSB purchased a new stake in COPT Defense Properties in the 3rd quarter valued at $91,000. KBC Group NV grew its holdings in COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after buying an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY grew its holdings in 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 valued at $121,000 after buying an additional 2,000 shares in the last quarter.

Analysts Set New Price Targets

CDP has been the subject of several analyst reports. Truist Financial upped their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. BTIG Research upped their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Jefferies Financial Group lowered their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Evercore ISI increased their price target on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties Stock Performance

NYSE CDP opened at $27.34 on Wednesday. The stock has a fifty day simple moving average of $30.01 and a 200-day simple moving average of $30.50. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The stock has a market cap of $3.08 billion, a PE ratio of 22.22 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.08% and a net margin of 18.44%. Equities analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current year.

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.