Yousif Capital Management LLC Cuts Stock Holdings in COPT Defense Properties (NYSE:CDP)

Yousif Capital Management LLC reduced its position in COPT Defense Properties (NYSE:CDP) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,572 shares of the company’s stock after selling 1,981 shares during the period. Yousif Capital Management LLC’s holdings in COPT Defense Properties were worth $1,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of COPT Defense Properties by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after purchasing an additional 614 shares during the last quarter. USA Financial Formulas purchased a new position in COPT Defense Properties in the 4th quarter worth about $90,000. Wilmington Savings Fund Society FSB bought a new position in COPT Defense Properties during the 3rd quarter valued at about $91,000. KBC Group NV raised its holdings in shares of COPT Defense Properties by 28.3% during the third 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 last quarter. Finally, Spirit of America Management Corp NY lifted its position in COPT Defense Properties by 100.0% during the third quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock valued at $121,000 after purchasing an additional 2,000 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on CDP shares. BTIG Research lifted their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Truist Financial lifted their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Evercore ISI increased their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group cut their price target 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

COPT Defense Properties Trading Down 1.0 %

Shares of NYSE:CDP opened at $27.83 on Friday. The stock has a 50 day moving average of $30.43 and a 200 day moving average of $30.53. The company has a market cap of $3.14 billion, a PE ratio of 22.62 and a beta of 0.98. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22. 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 posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share 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 9.08%. As a group, equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Company 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.