KBC Group NV Has $157,000 Stock Holdings in COPT Defense Properties (NYSE:CDP)

KBC Group NV boosted its position in COPT Defense Properties (NYSE:CDP) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,081 shares of the company’s stock after acquiring an additional 1,271 shares during the quarter. KBC Group NV’s holdings in COPT Defense Properties were worth $157,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in COPT Defense Properties by 32.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 55,516 shares of the company’s stock worth $1,684,000 after purchasing an additional 13,606 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of COPT Defense Properties by 82.3% in the third quarter. Intech Investment Management LLC now owns 38,874 shares of the company’s stock valued at $1,179,000 after buying an additional 17,553 shares during the period. FMR LLC raised its holdings in COPT Defense Properties by 1.8% in the 3rd quarter. FMR LLC now owns 2,763,277 shares of the company’s stock valued at $83,810,000 after buying an additional 49,300 shares during the last quarter. Nordea Investment Management AB boosted its position in COPT Defense Properties by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 376,938 shares of the company’s stock worth $11,666,000 after buying an additional 18,278 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in COPT Defense Properties by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock worth $81,689,000 after acquiring an additional 710,491 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on CDP. Evercore ISI raised their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lowered their price objective 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 boosted their price target 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. Finally, Truist Financial increased their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, COPT Defense Properties has an average rating of “Moderate Buy” and an average target price of $32.88.

COPT Defense Properties Trading Up 1.7 %

NYSE:CDP opened at $29.68 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The company has a market cap of $3.35 billion, a PE ratio of 24.33 and a beta of 0.98. The firm has a 50-day moving average of $30.80 and a 200-day moving average of $30.48.

COPT Defense Properties (NYSE:CDP) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. As a group, equities research analysts expect that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.98%. COPT Defense Properties’s dividend payout ratio (DPR) is currently 96.72%.

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.