COPT Defense Properties (NYSE:CDP) Holdings Lifted by abrdn plc

abrdn plc raised its position in COPT Defense Properties (NYSE:CDP) by 72.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,891 shares of the company’s stock after purchasing an additional 16,399 shares during the quarter. abrdn plc’s holdings in COPT Defense Properties were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CDP. CWM LLC increased its position in COPT Defense Properties by 1.4% in the 3rd quarter. CWM LLC now owns 35,098 shares of the company’s stock valued at $1,065,000 after acquiring an additional 475 shares during the period. Presima Securities ULC grew its stake in shares of COPT Defense Properties by 1.3% in the third quarter. Presima Securities ULC now owns 60,410 shares of the company’s stock worth $1,832,000 after purchasing an additional 800 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of COPT Defense Properties by 53.8% during the third quarter. Blue Trust Inc. now owns 14,021 shares of the company’s stock valued at $425,000 after purchasing an additional 4,904 shares during the period. Raymond James & Associates raised its stake in shares of COPT Defense Properties by 4.3% during the third quarter. Raymond James & Associates now owns 209,766 shares of the company’s stock valued at $6,362,000 after purchasing an additional 8,611 shares in the last quarter. Finally, Spirit of America Management Corp NY lifted 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 worth $121,000 after purchasing an additional 2,000 shares during the period.

COPT Defense Properties Stock Performance

Shares of NYSE CDP opened at $28.83 on Tuesday. COPT Defense Properties has a 52-week low of $22.20 and a 52-week high of $34.22. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 23.43 and a beta of 0.98. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. The stock’s fifty day simple moving average is $30.67 and its 200 day simple moving average is $30.54.

COPT Defense Properties (NYSE:CDP) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Tuesday, December 31st. COPT Defense Properties’s dividend payout ratio is 95.93%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial boosted their price target 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. Evercore ISI boosted their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price target on 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 boosted their price objective 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.88.

About COPT Defense Properties

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.