USA Financial Formulas Invests $90,000 in COPT Defense Properties (NYSE:CDP)

USA Financial Formulas purchased a new stake in shares of COPT Defense Properties (NYSE:CDP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,917 shares of the company’s stock, valued at approximately $90,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CDP. CWM LLC increased its position in COPT Defense Properties by 1.4% during the 3rd quarter. CWM LLC now owns 35,098 shares of the company’s stock valued at $1,065,000 after buying an additional 475 shares in the last quarter. Carmel Capital Partners LLC raised its stake in shares of COPT Defense Properties by 3.5% in the third quarter. Carmel Capital Partners LLC now owns 17,300 shares of the company’s stock worth $525,000 after purchasing an additional 584 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of COPT Defense Properties by 77.8% during 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 in the last quarter. M&T Bank Corp boosted its position in shares of COPT Defense Properties by 3.4% during the third 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 last quarter. Finally, Presima Securities ULC increased its holdings in COPT Defense Properties by 1.3% in the 3rd quarter. Presima Securities ULC now owns 60,410 shares of the company’s stock worth $1,832,000 after buying an additional 800 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CDP shares. Truist Financial raised their target price on shares of COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Evercore ISI raised their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BTIG Research upped 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, Jefferies Financial Group dropped their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties Price Performance

COPT Defense Properties stock opened at $29.78 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 24.41 and a beta of 0.99. The firm has a 50-day moving average of $31.37 and a two-hundred day moving average of $30.10. COPT Defense Properties has a 1 year low of $22.20 and a 1 year high of $34.22.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). The firm had revenue of $189.23 million during the quarter, compared to the consensus estimate of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, research analysts forecast that COPT Defense Properties will post 2.58 earnings per share for the current year.

COPT Defense Properties Announces Dividend

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

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.