COPT Defense Properties (NYSE:CDP) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in COPT Defense Properties (NYSE:CDP) by 77.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,120 shares of the company’s stock after purchasing an additional 30,246 shares during the period. Intech Investment Management LLC owned 0.06% of COPT Defense Properties worth $2,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted 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. FMR LLC boosted its stake in COPT Defense Properties by 1.8% in the third quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after acquiring an additional 49,300 shares during the period. Nordea Investment Management AB boosted its stake in COPT Defense Properties by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 376,938 shares of the company’s stock valued at $11,666,000 after acquiring an additional 18,278 shares during the period. KBC Group NV boosted its stake in COPT Defense Properties by 33.4% in the fourth quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after acquiring an additional 1,271 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 710,491 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CDP. Jefferies Financial Group began coverage on COPT Defense Properties in a research note on Monday. They issued a “buy” rating and a $31.00 target price for the company. BTIG Research lifted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Truist Financial lifted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

COPT Defense Properties Price Performance

Shares of NYSE:CDP opened at $27.06 on Friday. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 22.00 and a beta of 0.96. The stock’s 50 day moving average price is $28.14 and its 200 day moving average price is $30.17. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38.

COPT Defense Properties (NYSE:CDP) last announced its earnings results 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 return on equity of 9.07% and a net margin of 18.44%. Equities research analysts anticipate that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a dividend of $0.305 per share. This is a boost 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 4.51%. COPT Defense Properties’s payout ratio is presently 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.