Mirae Asset Global Investments Co. Ltd. Has $98,000 Stock Holdings in COPT Defense Properties (NYSE:CDP)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of COPT Defense Properties (NYSE:CDP) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,144 shares of the company’s stock after selling 1,228 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in COPT Defense Properties were worth $98,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in COPT Defense Properties by 1.4% in the third quarter. CWM LLC now owns 35,098 shares of the company’s stock worth $1,065,000 after purchasing an additional 475 shares in the last quarter. Carmel Capital Partners LLC boosted its stake in shares of COPT Defense Properties by 3.5% during the 3rd quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company’s stock worth $525,000 after acquiring an additional 584 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of COPT Defense Properties by 77.8% during the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $43,000 after acquiring an additional 614 shares during the last quarter. M&T Bank Corp increased its holdings in shares of COPT Defense Properties by 3.4% during the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company’s stock valued at $644,000 after acquiring an additional 701 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of COPT Defense Properties by 28.3% in the 3rd quarter. KBC Group NV now owns 3,810 shares of the company’s stock valued at $116,000 after acquiring an additional 840 shares in the last quarter.

Analyst Upgrades and Downgrades

CDP has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price 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. BTIG Research raised their target price on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Truist Financial lifted their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Evercore ISI upped their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.88.

COPT Defense Properties Stock Down 2.4 %

NYSE CDP opened at $27.19 on Friday. COPT Defense Properties has a twelve month low of $22.20 and a twelve month high of $34.22. The stock has a market cap of $3.06 billion, a PE ratio of 22.10 and a beta of 0.98. The firm has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $30.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings data 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 9.08% and a net margin of 18.44%. On average, research analysts forecast that COPT Defense Properties will post 2.67 EPS for the current year.

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.