Proficio Capital Partners LLC Purchases Shares of 10,833 COPT Defense Properties (NYSE:CDP)

Proficio Capital Partners LLC bought a new position in shares of COPT Defense Properties (NYSE:CDP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,833 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew 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 valued at $43,000 after buying an additional 614 shares during the period. M&T Bank Corp boosted its position in COPT Defense Properties by 3.4% in the 3rd quarter. M&T Bank Corp now owns 21,226 shares of the company’s stock valued at $644,000 after buying an additional 701 shares during the period. KBC Group NV raised its holdings 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 valued at $116,000 after purchasing an additional 840 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in shares of COPT Defense Properties by 25.0% in the 4th quarter. Spirit of America Management Corp NY now owns 5,000 shares of the company’s stock valued at $155,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Vestcor Inc raised its stake in COPT Defense Properties by 1.8% during the 3rd quarter. Vestcor Inc now owns 101,165 shares of the company’s stock worth $3,068,000 after acquiring an additional 1,760 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on CDP shares. BTIG Research lifted their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group cut their target price on shares of 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. Finally, 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $26.79 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.47 and a quick ratio of 2.38. The company has a market cap of $3.02 billion, a P/E ratio of 21.78 and a beta of 0.96. The firm’s 50 day simple moving average is $28.62 and its 200-day simple moving average is $30.31. 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 data on Thursday, February 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. COPT Defense Properties had a net margin of 18.44% and a return on equity of 9.07%. As a group, equities research analysts predict that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a dividend of $0.305 per share. The ex-dividend date is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.55%. This is a boost from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio (DPR) is 99.19%.

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.