COPT Defense Properties (NYSE:CDP) Shares Acquired by Centiva Capital LP

Centiva Capital LP boosted its position in COPT Defense Properties (NYSE:CDP) by 52.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,312 shares of the company’s stock after acquiring an additional 9,770 shares during the quarter. Centiva Capital LP’s holdings in COPT Defense Properties were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CDP. Adelante Capital Management LLC acquired a new stake in shares of COPT Defense Properties in the 3rd quarter valued at $436,000. Martingale Asset Management L P purchased a new position in COPT Defense Properties in the third quarter valued at $3,155,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in COPT Defense Properties by 404.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 792,728 shares of the company’s stock valued at $24,043,000 after buying an additional 635,705 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in COPT Defense Properties by 15.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,448 shares of the company’s stock worth $1,530,000 after buying an additional 6,616 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of COPT Defense Properties by 392.5% during the 3rd quarter. Quantbot Technologies LP now owns 132,309 shares of the company’s stock worth $4,013,000 after acquiring an additional 105,446 shares in the last quarter.

Insider Buying and Selling

In other news, COO Britt A. Snider acquired 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the transaction, the chief operating officer now owns 2,000 shares in the company, valued at $58,820. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

COPT Defense Properties Trading Up 1.1 %

NYSE CDP opened at $32.60 on Friday. The firm’s fifty day moving average is $31.73 and its two-hundred day moving average is $28.72. 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 quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $3.67 billion, a PE ratio of 26.72 and a beta of 0.98.

COPT Defense Properties (NYSE:CDP) last released its quarterly 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 company had revenue of $189.23 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Analysts expect that COPT Defense Properties will post 2.57 earnings per share for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is presently 96.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CDP shares. JPMorgan Chase & Co. raised their target price on COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Evercore ISI boosted their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price 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. BTIG Research boosted 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. Finally, Wells Fargo & Company dropped their price objective on COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

COPT Defense Properties Company Profile

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.