Inspire Investing LLC Purchases 19,010 Shares of COPT Defense Properties $CDP

Inspire Investing LLC purchased a new position in shares of COPT Defense Properties (NYSE:CDP) during the third quarter, HoldingsChannel.com reports. The fund purchased 19,010 shares of the company’s stock, valued at approximately $635,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of COPT Defense Properties in the 3rd quarter worth $28,030,000. Public Employees Retirement System of Ohio purchased a new stake in COPT Defense Properties in the second quarter valued at about $8,008,000. Renaissance Technologies LLC boosted its holdings in COPT Defense Properties by 81.3% in the first quarter. Renaissance Technologies LLC now owns 253,900 shares of the company’s stock worth $7,769,000 after acquiring an additional 113,819 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in COPT Defense Properties in the second quarter worth about $3,437,000. Finally, State of Alaska Department of Revenue acquired a new stake in COPT Defense Properties in the third quarter worth about $2,405,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of COPT Defense Properties from $34.00 to $38.00 and gave the company a “hold” rating in a report on Monday, August 24th. Wells Fargo & Company increased their price objective on shares of COPT Defense Properties from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Citigroup lifted their target price on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of COPT Defense Properties in a research report on Thursday, October 15th. Finally, Evercore restated an “outperform” rating and set a $42.00 price target on shares of COPT Defense Properties in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

COPT Defense Properties Stock Up 2.1%

COPT Defense Properties stock opened at $34.17 on Friday. The business’s 50-day simple moving average is $34.55 and its two-hundred day simple moving average is $33.56. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.89 and a current ratio of 2.89. The company has a market cap of $3.88 billion, a PE ratio of 12.00 and a beta of 0.77. COPT Defense Properties has a fifty-two week low of $27.06 and a fifty-two week high of $38.90.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.36. COPT Defense Properties had a return on equity of 10.48% and a net margin of 20.94%. The firm had revenue of $208.76 million during the quarter, compared to analysts’ expectations of $190.43 million. Equities analysts anticipate that COPT Defense Properties will post 2.78 EPS for the current year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio is 88.89%.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust that owns, develops, manages and leases properties designed to support the U.S. government, defense and information technology sectors. Its portfolio includes office buildings, data centers, specialized facilities and other mission-critical properties leased primarily to government agencies, defense contractors and technology companies.

The company’s properties are concentrated in key defense and national security markets, including Northern Virginia, suburban Maryland and the broader Washington, DC, region.