Sumitomo Mitsui Trust Group Inc. Buys 5,983 Shares of COPT Defense Properties (NYSE:CDP)

Sumitomo Mitsui Trust Group Inc. grew its stake in COPT Defense Properties (NYSE:CDP) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 647,855 shares of the company’s stock after purchasing an additional 5,983 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.57% of COPT Defense Properties worth $20,051,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CDP. GAMMA Investing LLC increased its stake in shares of COPT Defense Properties by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $43,000 after acquiring an additional 614 shares in the last quarter. USA Financial Formulas bought a new position in shares of COPT Defense Properties in the 4th quarter worth about $90,000. Wilmington Savings Fund Society FSB bought a new position in shares of COPT Defense Properties in the 3rd quarter worth about $91,000. KBC Group NV increased 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 worth $116,000 after acquiring an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY increased its stake in shares of COPT Defense Properties by 100.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock worth $121,000 after acquiring an additional 2,000 shares in the last quarter.

COPT Defense Properties Stock Performance

Shares of CDP stock opened at $28.09 on Thursday. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. The company’s 50-day moving average is $30.51 and its 200 day moving average is $30.54. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 22.84 and a beta of 0.98. 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, beating 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 9.08%. Sell-side analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CDP. Truist Financial increased their price target on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI increased their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group decreased their price target on shares of 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. Finally, BTIG Research increased 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 note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

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.