COPT Defense Properties (NYSE:CDP) Stock Holdings Increased by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in COPT Defense Properties (NYSE:CDP) by 392.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,309 shares of the company’s stock after buying an additional 105,446 shares during the quarter. Quantbot Technologies LP owned approximately 0.12% of COPT Defense Properties worth $4,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CDP. Bessemer Group Inc. bought a new stake in COPT Defense Properties in the first quarter valued at about $100,000. Quadrature Capital Ltd bought a new stake in COPT Defense Properties in the first quarter valued at about $307,000. Lazard Asset Management LLC bought a new stake in COPT Defense Properties in the first quarter valued at about $102,000. Price T Rowe Associates Inc. MD bought a new stake in COPT Defense Properties in the first quarter valued at about $1,702,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in COPT Defense Properties in the first quarter valued at about $230,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their target price on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on COPT Defense Properties from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Wedbush upped their target price on COPT Defense Properties from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Truist Financial upped their target price on COPT Defense Properties from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, Evercore ISI upped their target price on COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.86.

Insiders Place Their Bets

In related news, COO Britt A. Snider purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $29.41 per share, with a total value of $29,410.00. Following the completion of the acquisition, the chief operating officer now owns 2,000 shares of the company’s stock, valued at approximately $58,820. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by insiders.

COPT Defense Properties Stock Performance

Shares of NYSE CDP opened at $32.70 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock has a 50 day simple moving average of $31.43 and a 200-day simple moving average of $28.39. The company has a market cap of $3.68 billion, a PE ratio of 26.80 and a beta of 0.98. COPT Defense Properties has a 12-month low of $22.20 and a 12-month high of $34.22.

COPT Defense Properties (NYSE:CDP) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.32). The business had revenue of $189.23 million for the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that COPT Defense Properties will post 2.57 EPS for the current year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.295 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.61%. COPT Defense Properties’s dividend payout ratio (DPR) is 96.72%.

About COPT Defense Properties

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.