EntryPoint Capital LLC Takes Position in COPT Defense Properties (NYSE:CDP)

EntryPoint Capital LLC bought a new stake in COPT Defense Properties (NYSE:CDP) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,449 shares of the company’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in COPT Defense Properties by 32.5% in the third quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock valued at $1,684,000 after acquiring an additional 13,606 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in COPT Defense Properties during the 3rd quarter valued at $333,000. Charles Schwab Investment Management Inc. raised its holdings in COPT Defense Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,522,955 shares of the company’s stock worth $76,521,000 after buying an additional 18,770 shares during the last quarter. Citigroup Inc. lifted its stake in shares of COPT Defense Properties by 81.1% in the third quarter. Citigroup Inc. now owns 137,075 shares of the company’s stock valued at $4,157,000 after buying an additional 61,389 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of COPT Defense Properties during the third quarter valued at about $494,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial raised their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group began coverage on COPT Defense Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $31.00 price objective for the company. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $33.43.

COPT Defense Properties Trading Down 0.2 %

NYSE CDP opened at $27.07 on Friday. The business’s fifty day moving average is $27.89 and its 200-day moving average is $30.09. 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 capitalization of $3.05 billion, a price-to-earnings ratio of 22.01 and a beta of 0.96. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.65 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%. Equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.51%. This is a positive change from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. COPT Defense Properties’s dividend 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.