Daiwa Securities Group Inc. Purchases 6,343 Shares of COPT Defense Properties (NYSE:CDP)

Daiwa Securities Group Inc. grew its position in COPT Defense Properties (NYSE:CDP) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,084 shares of the company’s stock after purchasing an additional 6,343 shares during the period. Daiwa Securities Group Inc.’s holdings in COPT Defense Properties were worth $1,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in COPT Defense Properties by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,927,208 shares of the company’s stock worth $88,797,000 after acquiring an additional 21,388 shares during the last quarter. FMR LLC boosted its holdings in shares of COPT Defense Properties by 1.8% in the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after buying an additional 49,300 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in COPT Defense Properties by 35.8% during 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. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 18,770 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in COPT Defense Properties by 61.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,906,341 shares of the company’s stock valued at $59,001,000 after acquiring an additional 723,486 shares during the last quarter.

COPT Defense Properties Stock Performance

NYSE CDP opened at $26.85 on Friday. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.83 and a beta of 0.96. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The firm’s 50 day simple moving average is $28.36 and its 200 day simple moving average is $30.24.

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

COPT Defense Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.54%. This is a boost 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 currently 99.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CDP. Truist Financial upped 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. BTIG Research upped 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, Jefferies Financial Group reduced their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.88.

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.