Rhumbline Advisers Sells 811 Shares of COPT Defense Properties (NYSE:CDP)

Rhumbline Advisers cut its position in shares of COPT Defense Properties (NYSE:CDP) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,742 shares of the company’s stock after selling 811 shares during the quarter. Rhumbline Advisers owned approximately 0.35% of COPT Defense Properties worth $12,310,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James & Associates lifted its stake in COPT Defense Properties by 4.3% in the third quarter. Raymond James & Associates now owns 209,766 shares of the company’s stock worth $6,362,000 after purchasing an additional 8,611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of COPT Defense Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,372 shares of the company’s stock valued at $134,000 after acquiring an additional 1,130 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in COPT Defense Properties during the 3rd quarter valued at about $236,000. abrdn plc grew its position in COPT Defense Properties by 10.5% during the 3rd quarter. abrdn plc now owns 22,492 shares of the company’s stock worth $682,000 after acquiring an additional 2,146 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in COPT Defense Properties by 2.0% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 886,136 shares of the company’s stock worth $26,876,000 after purchasing an additional 17,306 shares during the period.

Wall Street Analyst Weigh In

CDP has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price objective on 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. BTIG Research increased their price target on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of COPT Defense Properties from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Evercore ISI increased their target price on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

COPT Defense Properties Trading Up 0.1 %

NYSE:CDP opened at $26.77 on Monday. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company has a current ratio of 2.47, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average price of $29.66 and a 200-day moving average price of $30.47. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 21.76 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data 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%. Equities analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a $0.305 dividend. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a yield of 4.56%. COPT Defense Properties’s dividend payout ratio is 95.93%.

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.