Fort Washington Investment Advisors Inc. OH Lowers Holdings in COPT Defense Properties (NYSE:CDP)

Fort Washington Investment Advisors Inc. OH lessened its position in COPT Defense Properties (NYSE:CDP) by 16.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 688,157 shares of the company’s stock after selling 138,810 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.61% of COPT Defense Properties worth $21,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CDP. GAMMA Investing LLC lifted its position in COPT Defense Properties by 77.8% in the fourth 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. Quarry LP lifted its holdings in shares of COPT Defense Properties by 711.4% in the 2nd quarter. Quarry LP now owns 3,481 shares of the company’s stock valued at $87,000 after buying an additional 3,052 shares during the period. USA Financial Formulas purchased a new stake in shares of COPT Defense Properties in the fourth quarter valued at approximately $90,000. Wilmington Savings Fund Society FSB acquired a new position in COPT Defense Properties during the third quarter worth $91,000. Finally, KBC Group NV raised its position in COPT Defense Properties by 28.3% in the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after acquiring an additional 840 shares in the last quarter.

COPT Defense Properties Stock Performance

COPT Defense Properties stock opened at $29.81 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.38 and a current ratio of 2.38. COPT Defense Properties has a fifty-two week low of $22.20 and a fifty-two week high of $34.22. The stock has a fifty day moving average of $31.17 and a two-hundred day moving average of $30.26. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 24.43 and a beta of 0.99.

COPT Defense Properties (NYSE:CDP) last released its earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The firm had revenue of $189.23 million during the quarter, compared to analysts’ expectations of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. COPT Defense Properties’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. On average, analysts anticipate that COPT Defense Properties will post 2.58 EPS for the current fiscal year.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.295 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.96%. COPT Defense Properties’s payout ratio is currently 96.72%.

Analysts Set New Price Targets

CDP has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group dropped 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 report on Thursday, January 2nd. BTIG Research boosted their price target on COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI raised their price objective 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. Three 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, COPT Defense Properties has a consensus rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties 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.