Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake in COPT Defense Properties (NYSE:CDP)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in COPT Defense Properties (NYSE:CDP) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,611 shares of the company’s stock after purchasing an additional 3,577 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in COPT Defense Properties were worth $731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings 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 buying an additional 614 shares in the last quarter. USA Financial Formulas purchased a new position in COPT Defense Properties in the 4th 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. KBC Group NV boosted its position in COPT Defense Properties by 28.3% during the third quarter. KBC Group NV now owns 3,810 shares of the company’s stock worth $116,000 after purchasing an additional 840 shares in the last quarter. Finally, Spirit of America Management Corp NY grew its holdings in COPT Defense Properties by 100.0% in the third quarter. Spirit of America Management Corp NY now owns 4,000 shares of the company’s stock valued at $121,000 after purchasing an additional 2,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CDP shares. Truist Financial lifted their price target on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI increased their price target on shares of COPT Defense Properties from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group dropped their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, BTIG Research increased their target price on COPT Defense Properties from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.88.

COPT Defense Properties Price Performance

CDP stock opened at $28.39 on Wednesday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.08 and a beta of 0.98. The stock’s fifty day simple moving average is $30.60 and its 200-day simple moving average is $30.54. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.32 by $0.33. COPT Defense Properties had a return on equity of 9.08% and a net margin of 18.44%. Equities research analysts expect that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio is currently 95.93%.

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.