Fox Run Management L.L.C. Boosts Stock Holdings in COPT Defense Properties (NYSE:CDP)

Fox Run Management L.L.C. raised its stake in COPT Defense Properties (NYSE:CDP) by 58.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,316 shares of the company’s stock after buying an additional 8,570 shares during the quarter. Fox Run Management L.L.C.’s holdings in COPT Defense Properties were worth $722,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CDP. Cbre Investment Management Listed Real Assets LLC increased its holdings in COPT Defense Properties by 192.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company’s stock valued at $35,847,000 after buying an additional 762,840 shares in the last quarter. Principal Financial Group Inc. increased its holdings in COPT Defense Properties by 61.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock valued at $59,001,000 after buying an additional 723,486 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in COPT Defense Properties by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after buying an additional 710,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of COPT Defense Properties by 404.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock valued at $24,043,000 after purchasing an additional 635,705 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of COPT Defense Properties in the fourth quarter valued at approximately $16,063,000.

Wall Street Analyst Weigh In

CDP has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price target on the stock. Truist Financial raised their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. 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 research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average target price of $33.43.

COPT Defense Properties Stock Performance

Shares of CDP stock opened at $26.78 on Monday. The company’s fifty day simple moving average is $28.09 and its 200-day simple moving average is $30.16. COPT Defense Properties has a 52 week low of $22.20 and a 52 week high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a market cap of $3.02 billion, a PE ratio of 21.78 and a beta of 0.96.

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, topping the consensus estimate 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be paid a dividend of $0.305 per share. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 annualized dividend and a yield of 4.55%. COPT Defense Properties’s payout ratio is 99.19%.

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.