COPT Defense Properties (NYSE:CDP) Stock Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of COPT Defense Properties (NYSE:CDP) by 392.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,309 shares of the company’s stock after purchasing an additional 105,446 shares during the quarter. Quantbot Technologies LP’s holdings in COPT Defense Properties were worth $4,013,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY acquired a new stake in COPT Defense Properties during the 2nd quarter valued at $50,000. Quarry LP raised its stake in COPT Defense Properties by 711.4% during the 2nd quarter. Quarry LP now owns 3,481 shares of the company’s stock valued at $87,000 after purchasing an additional 3,052 shares during the period. Bessemer Group Inc. acquired a new stake in COPT Defense Properties during the 1st quarter valued at $100,000. Lazard Asset Management LLC acquired a new stake in COPT Defense Properties during the 1st quarter valued at $102,000. Finally, KBC Group NV raised its stake in COPT Defense Properties by 28.3% during the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after purchasing an additional 840 shares during the period.

COPT Defense Properties Trading Up 1.5 %

Shares of NYSE:CDP opened at $32.70 on Wednesday. The stock has a market capitalization of $3.68 billion, a PE ratio of 26.80 and a beta of 0.98. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22. The firm has a fifty day moving average price of $31.43 and a 200 day moving average price of $28.39. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The business had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Analysts expect that COPT Defense Properties will post 2.57 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is 96.72%.

Insider Buying and Selling at COPT Defense Properties

In related news, COO Britt A. Snider bought 1,000 shares of COPT Defense Properties stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the purchase, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

CDP has been the topic of several recent analyst reports. Wedbush boosted their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Evercore ISI upped their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial upped their price target on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company dropped their price target on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $30.86.

COPT Defense Properties Company Profile

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.