US Bancorp DE Sells 446 Shares of COPT Defense Properties (NYSE:CDP)

US Bancorp DE trimmed its position in shares of COPT Defense Properties (NYSE:CDP) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,762 shares of the company’s stock after selling 446 shares during the period. US Bancorp DE’s holdings in COPT Defense Properties were worth $55,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in 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 purchasing an additional 614 shares during the period. USA Financial Formulas bought a new stake in shares of COPT Defense Properties in the 4th quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB bought a new stake in shares of COPT Defense Properties in the 3rd quarter valued at approximately $91,000. KBC Group NV grew 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 valued at $116,000 after purchasing an additional 840 shares during the period. Finally, Spirit of America Management Corp NY grew its stake 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 during the period.

COPT Defense Properties Stock Down 0.1 %

NYSE CDP opened at $27.01 on Wednesday. The stock’s 50 day simple moving average is $28.25 and its 200 day simple moving average is $30.22. COPT Defense Properties has a one year low of $22.20 and a one year high of $34.22. 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 firm has a market cap of $3.04 billion, a PE ratio of 21.96 and a beta of 0.96.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data 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 9.07% and a net margin of 18.44%. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.52%. This is an increase from COPT Defense Properties’s previous quarterly dividend of $0.30. COPT Defense Properties’s dividend payout ratio is 99.19%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CDP. Truist Financial upped their price objective 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. Jefferies Financial Group started coverage on COPT Defense Properties in a research note on Monday. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, BTIG Research increased their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $32.38.

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.