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

Clearbridge Investments LLC decreased its position in COPT Defense Properties (NYSE:CDP) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 679,088 shares of the company’s stock after selling 6,489 shares during the quarter. Clearbridge Investments LLC’s holdings in COPT Defense Properties were worth $21,018,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after purchasing an additional 614 shares during the period. USA Financial Formulas acquired a new position in shares of COPT Defense Properties in the 4th quarter valued at about $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties during the 3rd quarter valued at about $91,000. Spirit of America Management Corp NY raised its stake in COPT Defense Properties by 25.0% during the fourth quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock worth $155,000 after acquiring an additional 1,000 shares during the period. Finally, KBC Group NV lifted its holdings in COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company’s stock worth $157,000 after acquiring an additional 1,271 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CDP shares. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They set a “buy” rating and a $31.00 price target on the stock. Truist Financial increased their target price on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.43.

COPT Defense Properties Stock Down 0.3 %

CDP opened at $27.19 on Wednesday. The stock’s 50 day moving average price is $27.74 and its 200 day moving average price is $30.05. 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 stock has a market cap of $3.06 billion, a P/E ratio of 22.11 and a beta of 0.96. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its quarterly 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 9.07% and a net margin of 18.44%. As a group, research analysts predict that COPT Defense Properties will post 2.67 earnings per share 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. Stockholders of record on Monday, March 31st will be issued a $0.305 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.49%. COPT Defense Properties’s dividend payout ratio (DPR) is 99.19%.

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.