Quantbot Technologies LP Decreases Stock Holdings in COPT Defense Properties (NYSE:CDP)

Quantbot Technologies LP trimmed its holdings in shares of COPT Defense Properties (NYSE:CDP) by 76.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 30,685 shares of the company’s stock after selling 101,624 shares during the quarter. Quantbot Technologies LP’s holdings in COPT Defense Properties were worth $950,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC raised its position in COPT Defense Properties by 192.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,158,207 shares of the company’s stock valued at $35,847,000 after purchasing an additional 762,840 shares during the period. Principal Financial Group Inc. raised its holdings in COPT Defense Properties by 61.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock valued at $59,001,000 after buying an additional 723,486 shares during the period. JPMorgan Chase & Co. lifted its position 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 worth $81,689,000 after buying an additional 710,491 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in COPT Defense Properties by 404.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock worth $24,043,000 after buying an additional 635,705 shares during the period. Finally, Raymond James Financial Inc. bought a new position in COPT Defense Properties during the fourth quarter valued at $16,063,000.

Wall Street Analyst Weigh In

CDP has been the subject of a number of recent analyst reports. BTIG Research lifted their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Truist Financial raised their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group started coverage on shares of COPT Defense Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $31.00 price objective for the company. 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, COPT Defense Properties has an average rating of “Moderate Buy” and an average price target of $33.43.

COPT Defense Properties Stock Down 0.5 %

NYSE:CDP opened at $27.07 on Wednesday. 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 firm has a market cap of $3.05 billion, a PE ratio of 22.01 and a beta of 0.96. The company has a 50-day moving average of $27.99 and a 200 day moving average of $30.13. COPT Defense Properties has a 1-year low of $22.20 and a 1-year high of $34.22.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend 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 payout ratio is presently 99.19%.

COPT Defense Properties 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.