COPT Defense Properties (NYSE:CDP) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in COPT Defense Properties (NYSE:CDP) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,301 shares of the company’s stock after selling 12,091 shares during the period. Pacer Advisors Inc.’s holdings in COPT Defense Properties were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in COPT Defense Properties by 77.8% during the fourth quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after acquiring an additional 614 shares during the period. USA Financial Formulas acquired a new stake in COPT Defense Properties in the fourth quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB acquired a new stake in COPT Defense Properties in the third quarter valued at approximately $91,000. KBC Group NV grew its holdings in COPT Defense Properties by 28.3% in 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 period. Finally, Spirit of America Management Corp NY grew its holdings in COPT Defense Properties by 100.0% in 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.

COPT Defense Properties Stock Performance

Shares of COPT Defense Properties stock opened at $29.17 on Tuesday. COPT Defense Properties has a one year low of $22.20 and a one year 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 2.38. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 23.91 and a beta of 0.99. The business’s 50 day moving average price is $31.00 and its 200 day moving average price is $30.45.

COPT Defense Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.05%. COPT Defense Properties’s payout ratio is presently 96.72%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Truist Financial raised their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Evercore ISI raised their price objective on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BTIG Research raised their price objective on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group decreased their target price on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, COPT Defense Properties presently has an average 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.