Sei Investments Co. Increases Stock Holdings in COPT Defense Properties (NYSE:CDP)

Sei Investments Co. increased its holdings in shares of COPT Defense Properties (NYSE:CDP) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,139,455 shares of the company’s stock after buying an additional 24,577 shares during the quarter. Sei Investments Co. owned about 1.90% of COPT Defense Properties worth $66,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after acquiring an additional 614 shares during the last quarter. USA Financial Formulas acquired a new position in COPT Defense Properties during the fourth quarter worth approximately $90,000. Wilmington Savings Fund Society FSB purchased a new position in COPT Defense Properties during the third quarter worth approximately $91,000. Spirit of America Management Corp NY boosted its holdings in shares of COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of COPT Defense Properties by 33.4% during the 4th quarter. KBC Group NV now owns 5,081 shares of the company’s stock valued at $157,000 after buying an additional 1,271 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CDP. Jefferies Financial Group initiated coverage on COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 target price on the stock. BTIG Research lifted their price objective 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 increased 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. Two research analysts have rated the stock with a hold rating and five have assigned 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 Trading Down 1.1 %

Shares of CDP opened at $26.78 on Monday. 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 has a 12 month low of $22.20 and a 12 month high of $34.22. The stock has a market cap of $3.02 billion, a PE ratio of 21.78 and a beta of 0.96. The stock’s 50-day moving average is $28.09 and its two-hundred day moving average is $30.16.

COPT Defense Properties (NYSE:CDP) last released its quarterly 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 analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be given a $0.305 dividend. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, March 31st. COPT Defense Properties’s dividend 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.