Asset Management One Co. Ltd. Increases Stake in COPT Defense Properties (NYSE:CDP)

Asset Management One Co. Ltd. increased its position in shares of COPT Defense Properties (NYSE:CDP) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,826 shares of the company’s stock after buying an additional 13,302 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of COPT Defense Properties worth $7,258,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CDP. JPMorgan Chase & Co. increased its stake in shares of COPT Defense Properties by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 2,693,332 shares of the company’s stock valued at $81,689,000 after buying an additional 710,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of COPT Defense Properties by 404.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock valued at $24,043,000 after buying an additional 635,705 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of COPT Defense Properties by 72.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 876,366 shares of the company’s stock valued at $26,580,000 after buying an additional 367,969 shares during the period. Jane Street Group LLC increased its stake in shares of COPT Defense Properties by 50.0% during the third quarter. Jane Street Group LLC now owns 358,026 shares of the company’s stock valued at $10,859,000 after buying an additional 119,316 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of COPT Defense Properties by 392.5% during the third quarter. Quantbot Technologies LP now owns 132,309 shares of the company’s stock valued at $4,013,000 after buying an additional 105,446 shares during the period.

COPT Defense Properties Price Performance

Shares of NYSE CDP opened at $27.19 on Tuesday. 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 $3.06 billion, a PE ratio of 22.10 and a beta of 0.98. The business has a 50-day simple moving average of $30.11 and a two-hundred day simple moving average of $30.51. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.08% and a net margin of 18.44%. As a group, equities analysts expect that COPT Defense Properties will post 2.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group cut their price target on COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Truist Financial lifted their target price on COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI lifted their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BTIG Research lifted their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, COPT Defense Properties presently has a consensus rating of “Moderate Buy” and an average 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.