COPT Defense Properties (NYSE:CDP) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its holdings in shares of COPT Defense Properties (NYSE:CDP) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,758 shares of the company’s stock after selling 1,486 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in COPT Defense Properties were worth $1,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CDP. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of COPT Defense Properties by 192.9% in 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 buying an additional 762,840 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 worth $59,001,000 after purchasing an additional 723,486 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 710,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in COPT Defense Properties during the fourth quarter worth about $16,063,000.

COPT Defense Properties Price Performance

COPT Defense Properties stock opened at $27.17 on Friday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 22.09 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. 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’s 50-day moving average is $28.78 and its two-hundred day moving average is $30.31.

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

COPT Defense Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.49%. 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 (DPR) is presently 99.19%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CDP shares. BTIG Research raised 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. Jefferies Financial Group dropped their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Truist Financial raised their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

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.