Thrivent Financial for Lutherans Sells 28,848 Shares of COPT Defense Properties (NYSE:CDP)

Thrivent Financial for Lutherans cut its position in shares of COPT Defense Properties (NYSE:CDP) by 52.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,668 shares of the company’s stock after selling 28,848 shares during the period. Thrivent Financial for Lutherans’ holdings in COPT Defense Properties were worth $825,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Citigroup Inc. raised its position in COPT Defense Properties by 81.1% in the third quarter. Citigroup Inc. now owns 137,075 shares of the company’s stock worth $4,157,000 after purchasing an additional 61,389 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of COPT Defense Properties in the 3rd quarter worth approximately $494,000. Bank of Montreal Can raised its holdings in shares of COPT Defense Properties by 4.6% in the 3rd quarter. Bank of Montreal Can now owns 67,649 shares of the company’s stock worth $2,069,000 after buying an additional 2,959 shares in the last quarter. FMR LLC lifted its position in shares of COPT Defense Properties by 1.8% during the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock worth $83,810,000 after buying an additional 49,300 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in COPT Defense Properties by 15.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,448 shares of the company’s stock valued at $1,530,000 after buying an additional 6,616 shares in the last quarter.

COPT Defense Properties Trading Up 1.5 %

Shares of NYSE:CDP opened at $27.60 on Thursday. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.47. The company has a market capitalization of $3.11 billion, a P/E ratio of 22.44 and a beta of 0.96. The company has a 50-day simple moving average of $27.70 and a 200 day simple moving average of $30.03.

COPT Defense Properties (NYSE:CDP) last announced its earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. Sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current year.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a $0.305 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.42%. COPT Defense Properties’s payout ratio is presently 99.19%.

Wall Street Analysts Forecast Growth

CDP has been the topic of a number of research analyst reports. Truist Financial increased their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group started coverage on COPT Defense Properties in a report on Monday, March 17th. They set a “buy” rating and a $31.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.43.

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.